As per the Basel Committee,a bank's operational risk includes:
A)employee fraud.
B)accounting errors.
C)computer breakdowns.
D)natural disasters.
E)All of the options are correct.

Question

Quizplus · Accepted Answer

The Basel Committee includes all of the options as operational risks for banks. Operational risk arises from the potential of inadequate or failed internal processes, people or systems, or external events. Employee fraud, accounting errors, computer breakdowns, and natural disasters are all examples of operational risks that banks face. Therefore, option E is the correct answer.

As Per the Basel Committee,a Bank's Operational Risk Includes