Economics · Banking Regulatory Frameworks and Risk Management
Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. According to international regulatory standards such as Basel II, which of the following is specifically excluded from the definition of operational risk?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Legal risk
- 2Strategic risk✓
- 3System failures
- 4External events
Correct answer
Strategic risk
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