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Operational risk
Operational risk taxonomy
In French : Taxonomie du risque opérationnel
A structured classification of operational risk event types, enabling loss aggregation and comparison across business lines or institutions.
Source : Cadre de Bâle, OPE
Related terms
Loss data collection
Systematic collection of incidents that caused an operational loss, with amount, cause, business line and event type. Without root cause analysis, collection produces nothing.
Risk and control self-assessment
An exercise in which frontline staff identify their risks, assess control effectiveness and determine residual risk.