General Studies · Operational Risk Management
Operational risk is a significant category of risk faced by financial institutions. According to standard banking frameworks such as Basel II/III, which of the following is typically excluded from the formal definition of operational risk?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Losses due to external events such as natural disasters or physical damage
- 2Strategic and reputational risks arising from adverse business decisions✓
- 3Losses resulting from failures in computer systems or technical glitches
- 4Losses caused by internal fraud or unauthorized activities by staff
Correct answer
Strategic and reputational risks arising from adverse business decisions
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