Operational risk includes which of the following?
A)Failure of bank's computer system
B)Closure of a bank for three months due to flooding from a major hurricane
C)Embezzlement of funds of a bank by a teller of the bank
D)Closure of a bank for two weeks due to a fire from a lightning strike
E)All of the options are correct.

Question

Quizplus · Accepted Answer

Operational risk encompasses a wide range of potential issues that can disrupt a bank's operations, including system failures, natural disasters, and internal fraud. All the options listed (A through D) are examples of events that would fall under the category of operational risk, as they all involve disruptions or failures in the bank's processes, systems, or personnel.

Operational Risk Includes Which of the Following