Operational risk management should track, trace and manage all type of risks an organization must manage under operational risk.
Operational Risk Event are important to analyse and save banks from serious financial and reputational damage.
Operational risk is harder to quantify and model than market and credit risks of the banks.
Operational risk event helps banks to manage losses due to process, system or human failures, unexpected events and protect a bank from collapse.
Operational risk event aim is to identifying and comparing the elements of operational risk capital systems at major global banks.
Operational risk management is at the center of a bank’s operations — incorporating hazard administration rehearses into procedures, frameworks and culture.
Operational risk event keeps its people up-to-date on problems that have happened to other financial institutions.
Operational risk event comes with opportunity to maintain stability and earn growth.