as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
how should banks approach the identification and assessment of operational risk?
user
banks should ensure the identification and assessment of operational risk inherent in all material products, activities, processes, and systems to fully understand the inherent risks and incentives.
assistant