Operational risk is the risk that the borrower is unable or unwilling to fulfil the terms promised under the loan contract.

Name: Operational risk is the risk that the borrower is unable or unwilling to fulfil the terms promised under the loan contract.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Operational risk is actually the risk of loss resulting from inadequate or failed internal processes, people, and systems or external events. It is not related to the borrower's ability or willingness to fulfil the loan contract.

Operational Risk Is the Risk That the Borrower Is Unable