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Operational risk: managing as much as you can

Risk Management

Operational risk is defined by the Basel Committee as: “The risk of loss resulting from inadequate or failed internal process, people and systems, or from external events.” Once dismissed as the risks that didn’t fit in anywhere else, operational risk came into the public eye after events like the 9/11 attacks and the 2008 financial crisis, demonstrating that these risk areas not only matter, but are vastly under-catered for.

Suspension bridge in the mountains

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