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Introduction to Operational Risk and Resilience (FRM Part 2 2023 – Book 3 – Chapter 1)
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Introduction to Operational Risk and Resilience (FRM Part 2 2023 – Book 3 – Chapter 1)
For FRM (Part I & Part II) video lessons, study notes, question banks, mock exams, and formula sheets covering all chapters of the FRM syllabus, click on the following link: https://analystprep.com/shop/unlimite... AnalystPrep is a GARP-Approved Exam Preparation Provider for FRM Exams After completing this reading you should be able to: - Describe an operational risk management framework and assess the types of risks that can fall within the scope of such a framework. - Describe the seven Basel II event risk categories and identify examples of operational risk events in each category. - Explain characteristics of operational risk exposures and operational loss events, and challenges that can arise in managing operational risk due to these characteristics. - Describe operational Resilience, identify the elements of an operational resilience framework, and summarize regulatory expectations for operational Resilience.
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