Business Risk encompasses operational, legal, and strategic risks beyond mere financial aspects, affecting the overall functions and goals of an organization.
Operational risk encompasses the potential for financial loss due to failed or inadequate internal processes, systems, or external events. This article explores its historical context, types, key events, mathematical models, importance, applicability, and more.
Explore the in-depth purpose, foundational pillars, historical context, and global implementation of the Basel Accords, essential agreements on banking regulations addressing capital, market, and operational risks.
Explore the definition of business risk, its various factors, and practical strategies for managing it, along with real-world examples.
