The Seven Operational Risk Event Types Projected by Basel II
Posted in operational risk management banking
Mohammed Nasser Barakat
Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on Google+
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Bankers have reasons to fear operational risks hovering around their businesses. Any loss caused by inadequate or failed internal processes, people, systems, or by external events, can be classified under operational risks. Basel II has projected seven types of operational risks that banks and financial institutions should bring into focus: Internal fraud – Acts of…
The Seven Operational Risk Event Types Projected by Basel II was last modified: January 12th, 2015 by
