operational risk definition

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 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 arising from inadequate or failed internal processes, personnel or systems, or from external events;

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.

More Definitions of operational 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 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 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 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 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 the risk of incurring detriment due to inadequate or failed internal processes, people, controls or from external events.

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