Background Change is the essence of life and risk is the integral aspect of living. This holds equally good in
Background Like any other industries, banking industry of Nepal has been taking rapid strides in the advancement of technology. Some
Banks are expected to identify and assess the operational risks in all the existing products and services and systems before formulating a clear-cut policy. Such identification is a must before a new product or process or system is introduced and a fool-proof system should be in place to avoid the damages that may be caused on account of human or system failure.
By LD Mahat, Risk Management Specialist Background Taking risks is an essential element of banking. But in today’s complex financial
LD Mahat, Risk Management Specialist Background Risk may be defined as the probability of incurring a loss or damage because