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Operational Risk
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Background
Credit risk is the analysis and management of risk which can occur when a business operates.
Operational risks include,
Employee Theft
IT systems downtime
Fire damage to buildings
Employee errors
Monitoring operational risk is essential for Basel II and many companies are upgrading their risk software and operational risk processes to allow them to comply with the risk management guidelines.
There are many more types of operational risk and many software systems to monitor and manage this risk.
Please use the sub sections links on the left or the content links to find out more about Operational Risk.