Operational Risk Management

Operational risk refers to risks of losses arising from bank operational processes, employee and officer activities or an unsuitable system or due to external circumstances.

Banks manage operational risk in the areas such as: *administrative *system *information assets *tangible assets *personnel *compliance and legal risks.

To support the management of operational risk, the Banks establish operational risk management standards developed from its basic risk management rules. Guided by these standards and rules, the Operational Risk Management is responsible for the integrated monitoring and management of overall operational risk. In addition, sections in charge of specific risks manage those individual risks on a more professional level.