Principles for the Sound Management of Operational Risk (FRM Part 2 2023 - Book 3 - Chapter 1)

For FRM (Part I & Part II) video lessons, study notes, question banks, mock exams, and formula sheets covering all chapters of the FRM syllabus, click on the following link: analystprep.com/shop/unlimite...
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After completing this reading, you should be able to:
- Describe the three “lines of defense” in the Basel model for operational risk governance.
- Summarize the fundamental principles of operational risk management as suggested by the Basel Committee.
- Explain guidelines for strong governance of operational risk and evaluate the role of the board of directors and senior management in implementing an effective operational risk framework.
- Describe tools and processes that can be used to identify and assess operational risk.
- Describe features of an effective control environment and identify specific controls that should be in place to address operational risk.
- Explain the Basel Committee’s suggestions for managing technology risk and outsourcing risk.

[@raviprakashvijay3093]

Thanks Prof for your wonderful explanation.

[@analystprep]

You are welcome! If you like our video lessons, it would be helpful to spread the word if you could take 2 minutes of your time to leave us a review at www.trustpilot.com/review/analystprep.com

[@pizy1494]

Thank you Prof Forjan for the help. God bless u....

[@analystprep]

You are very welcome

[@cucciolina]

Great videos professor, but i was just wondering, will you upload the videos that have been deleted from the lists? I see there are chapters missing while 1 week ago there weren't. Thanks!!!!

[@analystprep]

Hi. Because of the high costs of producing these video lectures, we've now moved most videos for AnalystPrep premium user at app.analystprep.com. The packages include a question bank, mock exams, study notes, video lectures, and a formula sheet. I hope this helps!

[@Blakeblade-zd7tt]

Can i pass the exam by just watching your videos and solving problems? Or is every topic covered from each subject?

[@analystprep]

Hi Blake,
Yes, all topics are covered in the premium packages we offer. We would recommend the following package for FRM Part I and Part II. analystprep.com/shop/unlimited-package-for-frm-part-i-part-ii/
For just FRM Part II, it's this one: analystprep.com/shop/practice-package-for-frm-part-ii-2/
Both these packages includes video lessons, study notes, question bank, and mock exams. This is what will give you the highest probability of passing the exam.
Let us know if you have any questions and we'll be happy to help!