Operational Risk

Operational Risk

Feb 11, 2019

Includes IT and Infrastructure Risks, Third Party Risk Management, etc.) occurs when either a service provider or the outsourcer exposes an organization to direct or indirect losses due to inadequate or failed internal processes or systems.

Retrieved and adapted from Guidance on Managing Outsourcing Risk. Division of Banking Supervision and Regulation Division of Consumer and Community Affairs Board of Governors of the Federal Reserve System. (2018). https://www.federalreserve.gov/supervisionreg/srletters/sr1319a1.pdf

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