The BIS definition 'the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events' encompasses which of the following risks?

Question

Quizplus · Accepted Answer

The BIS definition specifically mentions 'internal processes, people, and systems' which falls under the category of operational risk. Technology risk also falls under this category as it relates to the potential disruption of the internal systems. Credit, liquidity, and market risks are different types of risks that are not included in this definition.

The BIS Definition 'The Risk of Loss Resulting from Inadequate