The Basel Committee Defines Operational Risk as the Risk of Loss

question 30

Multiple Choice

The Basel Committee defines operational risk as the risk of loss resulting from:

• A)changes in interest rates.
• B)changes in inflation.
• C)inadequate internal processes.
• D)excessive default risk.
• E)inadequate capital.

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Definitions:

Social Changes

The transformation or evolution of cultures, societies, practices, or norms over time due to various factors.

Social Movements

Collective efforts by groups of people to achieve a shared goal, often aimed at social or political change.

Oppressed Individuals

People who face systematic inequalities, discrimination, and injustice perpetrated by power structures within society, often affecting their rights and freedoms.

Global Village

A term that describes how the world has been made smaller by electronic communications and international media, leading to increased awareness and connectivity.