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https://www.openriskmanual.org/wiki/Business_Execution
Business Execution (in more detail, Execution, Delivery and Process Management) is the risk of unexpected financial or reputational loss as the result of poor execution of regular business tasks. It is a recognized risk category in regulatory frameworks worldwide (Basel II standards). Basel Level 2 & 3 Event Type Classification.
https://onlinelibrary.wiley.com/doi/10.1002/9781118755754.ch1
The four main causes of operational risk are people, process, systems, and external events. The seven risk types are Internal Fraud; External Fraud; Employment Practices and Workplace Safety; Clients, Products, and Business Practices; Damage to Physical Assets; Business Disruption and System Failures; and Execution, Delivery, and Process Management.
https://www.bstdb.org/Operational_Risk_Management_policy.pdf
Operational Risk Management Policy page 1 of 6 Operational Risk Management Policy Operational Risk Definition A bank, including a development bank, is influenced by the developments of the external environment in which it is called to operate, as well as by its internal organization, procedures and processes.File Size: 175KB
https://financetrainingcourse.com/education/2014/07/operational-risk-management-under-the-basel-accord/
Jul 26, 2014 · Operational Risk Management under the Basel accord. Operational Risk (OR) is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk …
https://www2.deloitte.com/us/en/pages/risk/articles/operational-risk-management-steps-competitive-advantage.html
Effective management of operational risks will increase C-suite visibility and encourage more informed risk taking. Integrating ORM strategy, tools, and processes into your organizational goals will lead to improved product performance, greater brand recognition, and deliver sustainable financial results.Author: Nitish Idnani
https://www.citibank.com/tts/sa/eSource_academy/docs/managing_operational.pdf
WHAT IS OPERATIONAL RISK WHAT IS OPERATIONAL RISK MANAGEMENT WHAT IS THE VALUE PROPOSITION 1 2 3. Risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.
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