Central banks need to define clear role for operational risk

Rudy Wytenburg

Click here to view the full article.

The Bank for International Settlements (BIS) defines operational risk for a financial institution as “the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events”. For a central bank, this definition may need to be expanded to “direct or indirect loss” as a result of events within the broader financial system in which it plays a significant role.

Regardless of the definition, the framework for managing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: