Transcription of COMPLIANCE AND OPERATIONAL RISK …
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COMPLIANCE AND OPERATIONAL RISK …
OPERATIONAL Risk management Policy page 1 of 6 OPERATIONAL Risk management Policy OPERATIONAL Risk Definition A bank, including a development bank, is influenced by the developments of the external environment in which it is called to operate, as well as by its internal organization, procedures and processes. A bank faces mainly three types of risk: credit risk, market risk and OPERATIONAL risk. OPERATIONAL risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. The definition includes legal risk but excludes strategic and reputational risk.
Operational Risk Management Policy page 6 of 6 Disaster recovery and business continuity plans shall take into account different
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