30 years: Capital markets & investment banking
In this video, Peter covers every aspect of Operational Risk - how to manage it, the Basel II approaches and what might the future looks like.
In this video, Peter covers every aspect of Operational Risk - how to manage it, the Basel II approaches and what might the future looks like.
18 mins 32 secs
Operational risk is the risk outside of the markets and economy that exists within a bank. The standards set by the Basel Committees set regulation on how to mitigate this internal operational risk. Although difficult to predict and model, Basel works to make identifying operational risk simple.
Key learning objectives:
Explain the approaches taken to mitigate risk
Define operational risk
Understand the categories and business lines subject to operational risk
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