What Is Operational Risk and What Are the Components of Operational Risk? | With examples

What is Operational Risk? What are the components of Operational Risk? are discussed in this video. Operational risk relates to people risk, process risk, system risk, and external events-related risks, which may affect the operations of the organization.
Operational Risk Assessment and Management are part of the overall Risk Management framework, of an organization. Operational Risks are identified, assessed, and managed in financial institutions, such as banks as part of overall Risk Management.
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