Unveiling the Ten Laws of Operational Risk: A Game Changer!
The article discusses Operational Risk and how it can be managed effectively. It introduces the Ten Laws of Operational Risk and explains the factors that drive Operational Risk behaviors. The key findings include the importance of articulating Operational Risk appetite both quantitatively and qualitatively, using different measures and tools to evaluate risk-taking opportunities, and understanding the complexity of Operational Risk driven by various factors like business profiles, human behaviors, and causes of failures.