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For an operational risk report to be of use, it must capture and report on
For an operational risk report to be of use, it must capture and report on ..., which are pitched at the level of detail for the recipients of the report.
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A. risk profile, risk appetite, risk and control assessment and losses
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B. risks, controls, indicators and losses
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C. credit risk, market risk, reputational risk and operational risk
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D. risks, mitigation controls, identification of risks and evaluation of risks
Expert Solution
Answer-
The correct Option is B. risks, controls, indicators and losses.
The operational risk report must capture risks, controls, indicators and losses at a detail for the reports that are distributed to the receipients and it comes under risk and controlled assessmnt.
The other Options A,C and D are incorrect as Option A has oprtions like risk profile, risk assessment which are not relevant, Option C has credit risk and other risks which are not relevant and Option D is incorrect.
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