When things go wrong in a financial institution, there are both immediate direct costs and some long-term indirect ones. Measures have been put in place by regulators to prevent mistakes occurring in the first place.
Key learning objectives:
What are the costs of OpRisk?
Identify the measures put in place by regulators
Give a real world example of OpRisk
The Basel Committee Perspective on Operational Risk
Peter Eisenhardt • 18:32