Potential Costs of Operational Risk

Potential Costs of Operational Risk

Olaf Ransome

25 years: Operational risk

Olaf's series is about the practical side of OpRisk; why operational processes matter, what the real cost of poor process is and how to design for better. In this video, the focus is on cost. What does OpRisk cost and why those costs really matter?

Olaf's series is about the practical side of OpRisk; why operational processes matter, what the real cost of poor process is and how to design for better. In this video, the focus is on cost. What does OpRisk cost and why those costs really matter?

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Potential Costs of Operational Risk

9 mins 2 secs

Overview

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

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This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Summary
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This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Expert
Olaf Ransome

Olaf Ransome

Olaf helps banks and FinTechs master their processing; optimising control, capacity and cost. In the last 30 years, Olaf has worked in Investment and Private Banking, helping banks change their infrastructure to support new business or expand business.

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