Question: How do banks manage operational risk, and what role do internal controls and risk assessments play in mitigating such risks in banking operations?

  1. How do banks manage operational risk, and what role do internal controls and risk assessments play in mitigating such risks in banking operations?

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Banks manage operational risk through a combination of strategies processes and controls aimed at identifying assessing mitigating and monitoring risks associated with their operations Internal contro... View full answer

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