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Category: Operational

Operational 0

Risk Heat Map

Background Risk is the probability of incurring a loss or damage because of actual outcome being different from the expected outcome. This means that, broader the range of possible outcomes, […]

Operational 2

Operational Risk Management in Banking Sector

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.