HullRMFI2ndEdCh18金融风险管理.pptVIP

Risk Management and Financial Institutions 2e, Chapter 18, Copyright ? John C. Hull 2009 Definition of Operational Risk “Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events” Basel Committee Jan 2001 * Risk Management and Financial Institutions 2e, Chapter 18, Copyright ? John C. Hull 2009 What It Includes The definition includes people risks, technology and processing risks, physical risks, legal risks, etc The definition excludes reputation risk and strategic risk * Risk Management and Financial Institut