...years, the parallel importance of operational risk ('the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events'4) has, driven by the Basel 2 process, been recognized. Enterprise risk management5 Risk assessment...

...specific Pillar I minimum capital requirements. Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events, and it includes legal and compliancerelated risks. These risks and their associated losses are often in the...

...involves the potential for loss due to adverse movements in interest rates.' The risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. The risk that a bank will be unable to meet its obligations when they come due, because of an inability...

...European Union Capital Requirements Directive defines "operational risk" as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. This chapter explores these from an ICT perspective and discusses what executives can and should do...

...Settlements" das betriebliche Risiko wie folgt: „Operational risk is defmed äs the risk of loss resulting from inadequate or failed internal processes, people and Systems or from external events" (BIS, 2004A, S. 137). Diese Kategorie von Risiken ist am ehesten relevant, wenn es um Kooperationsmodelle...

...and 12 CFR Part 567 (OTS). "The Basel Committee defines operational risk as the risk ofloss resulting from inadequate or failed internal processes, people, and systems or from external events, including legal risks, but excluding strategic and reputational risk. Examples of operational risks...

...bonds have significant credit risk components. Operational risk refers to the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events (Basel Committee on Banking Supervision, 2004). Activities that cause this risk include fraud, inappropriate...

...12 CFR Part 567 (OTS). 14 The Basel Committee defines operational risk as the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events, including legal risks, but excluding strategic and reputational risk. Examples of operational risks...