The risk of loss from failures in a company’s systems and procedures (for example, due to computer failures or human failures) or events completely outside of the control of organizations (which would include “acts of God” and terrorist actions).

The risk of loss from everything other than credit, market, and interest rate risks. It is the risk of human, process, system, or technological failure as well as risks from external events (i.e., e [..]

The risk of negative financial, business and/or reputational impacts resulting from inadequate or failed internal governance and business processes, people, systems, or from external events.

The risk of loss resulting from inadequate or failed procedures and controls.

Definition Risk associated with the potential for systems failure in a given market.

Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. This definition includes legal risk, but excludes strategic an [..]

Operational risk arises from the potential for loss due to significant deficiencies in system reliability or integrity. Banks may be subject to external or internal attacks on their systems or product [..]

The risk of direct or indirect loss of operations due to inadequate or failed internal processes, people or systems, or as a result of external events. Public perception that a bank is not able to man [..]

The risk of direct and indirect loss resulting from inadequate or failed internal processes, people and systems or from external events.

It includes all the risks not included in market risks and cr edit risks. This includes losses arising from fraud, failure in computer systems and data entry errors.

The risk of loss that is a result of an inadequate or a failed internal process, people or system. It can also arise as a result of external events. Some definitions include legal risks as operational [..]