Which of the following is not a type of operational risk as defined by Basel II and Basel III?
A. Human error and internal fraud
B. Destruction by fire or other external catastrophes
C. Damaged reputation due to a failed merger
D. Failure or breakdown in internal control processes
Answer:C
Which of the following is not a type of operational risk as defined by Basel II and Basel III?
A. Human error and internal fraud B. Destruction by fire or other external catastrophes C. Damaged reputation due to a failed merger D. Failure or breakdown in internal control processes
Explanation: Basel II and Basel III define operational risk (inclusive of technological risk) as the risk