Examples of operational risk in a sentence
Operational risk is the potential for loss caused by a deficiency in information, communication, transaction processing and settlement as well as accounting systems.
Operational risk can arise from many factors ranging from routine processing errors to potentially costly incidents related to, for example, major systems failures.
Operational risk is typically classified into the risk event type categories to measure and compare risks on a consistent basis.
Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.
Operational risk also include risk related to restrictions in Lease Agreements, risk related to legal claims from tenants or authorities, including tax authorities and other third parties, risk for increased maintenance costs, risk for decreased technical conditions and risk for hidden defects and emissions.