operational risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk;
operational risk means the risk of loss for the individual portfolio resulting from inadequate internal processes and failures in relation to people and systems of the investment service provider or from external events, and includes legal and documentation risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the individual portfolio;
operational risk means the risk of loss arising from inadequate or failed internal processes, personnel or systems, or from external events;
More Definitions of operational risk
operational risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, including legal risk, model risk and ICT risk, but not strategic and reputational risk;’;
operational risk means operational risk as defined in point (52) of Article 4(1) of Regulation (EU) No 575/2013;
operational risk means the risk of loss for the UCITS resulting from inadequate internal processes and failures in relation to people and systems of the management company or from external events, and includes legal and documentation risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the UCITS.
operational risk means the risk that deficiencies in information systems or internal processes, human error, management failures, or disruptions caused by external events or outsourced services will result in the reduction, deterioration or breakdown of services provided by a SIPS;
operational risk means, in relation to an entity or enterprise, as the case may be, the risk of direct or indirect loss to, or damage to the reputation of, the entity or enterprise, as the case may be, which is due to deficiencies or errors in the internal operations of the entity or enterprise, as the case may be organization, which deficiencies or errors (i) may be attributable to the employees of that entity or enterprise, as the case may be, that entity or enterprise, as the case may be, the control routines, process or technology of that entity or enterprise, as the case may be, or the execution of legal, fiduciary and agency responsibilities in respect of that entity or enterprise, as the case may be, or (ii) which may be
operational risk means any risk emanating in a contract due to systems, processes, technology error, breakdown, or non-scheduling of gas due to technical reasons;
operational risk means the risk of incurring detriment due to inadequate or failed internal processes, people, controls or from external events.