Question: Explain operational risks and give two examples of such risks faced by management at financial institutions. ( 1 0 marks ) B . Discuss the

Explain operational risks and give two examples of such risks faced by management at financial institutions.

(10

marks

)

.

Discuss the importance of establishing an effective risk management policy at financial institutions to manage operational risks, giving one example of a risk management strategy used by financial institutions to mitigate such risks.

(10

marks

)

.

What is the role of the Core Principles of Effective Bank Supervision as it relates to operational risks, in the effective management of financial institutions?

(10

marks

)

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