Operational Risk Management in Banking

Risks are inherent in any kind of business including banking. Risks and uncertainties form an integral part of banking industry which by nature entails taking risks. Operational risk is, perhaps, one of the most significant components of risk faced by banking industry.

The video discusses about risk of loss, risk event, event types, business lines, risk classification, risk reporting and operational risk mitigation. Also, it describes how risk heat map helps management of operational risk.

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