Which of the following does not represent an operational risk as defined by Basel rules?
A) theft of information
B) damage to an organization through loss of its reputation or standing
C) market manipulation
D) loss incurred from the use of incorrect documentation

Question

Quizplus · Accepted Answer

Operational risk, as defined by Basel rules, involves risks arising from inadequate or failed internal processes, people, and systems or from external events. Damage to reputation is considered a reputational risk, not an operational risk.

Which of the Following Does Not Represent an Operational Risk