Operational Risk and Integrated Risk Management
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Bank Financial Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 48 rapid-fire Q&A cards.
People-oriented?
Negligence, incompetence, insufficient training, integrity issues, key-man risk.
Process-oriented (Transaction-based)?
Business-volume fluctuations, organisational complexity, product complexity, major change events.
Process-oriented (Operational-control-based)?
Inadequate segregation of duties, lack of management supervision, inadequate procedures.
Technology-oriented?
Poor IT / telecom, obsolete applications, lack of automation, information-system complexity, poor design / development / testing.
External?
Natural disasters, operational failures of a third party, deteriorated social or political context.
Legal liability?
court awards, settlements, damages.
Regulatory, compliance, and taxation penalties?
fines and monetary penalties by RBI / SEBI / IRDAI / tax authorities.
Loss or damage to assets?
physical destruction of branches, ATMs, servers.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
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