Risk Identification (FRM Part 2 2023 - Book 3 - Operational Risk and Resilience - Chapter 3)

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After completing this reading you should be able to:
- Compare different top-down and bottom-up approaches and tools for identifying operational risks.
- Describe best practices in the process of scenario analysis for operational risk.
- Describe and apply an operational risk taxonomy and give examples of different taxonomies of operational risks.
- Describe and apply the Level 1, 2, and 3 categories in the Basel operational risk taxonomy.

[@LifelongStudentBelgium]

Wonderful. Love your videos, you did not mention other taxonomies like ORX though, but it's similar to the Basel one although double the L1 risks. So suggest for students to take a quick look

[@analystprep]

Great point!

[@MouliBeesetti]

Why don't you use pen or mouse pointer to explain...? Your explanation will be much better if you do it..