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Q » Explain operational risk in finance.
06 Dec, 2025
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A » Operational risk in finance refers to the potential for loss due to failures in internal processes, systems, human errors, or external events. It encompasses risks from inadequate or failed procedures, employees, and systems, affecting a firm's ability to operate efficiently. Managing operational risk is crucial for maintaining business continuity and protecting financial stability, often involving risk assessment, monitoring, and mitigation strategies to minimize adverse impacts.
06 Dec, 2025
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