Which actions and principles are consistent with the bank's framework for managing operational risk, in line with the standards set by Basel II and Basel III guidelines for operational risk governance?

Exam-Like

The bank considers identification and management of risk as the second line of defense.

0.0%

The bank considers independent review and audit of the risk processes and systems as the third line of defense.

87.5%

The bank includes damaged reputation due to a failed merger in its measurement of operational risk.

6.3%

The bank excludes destruction by fire or other external catastrophes from its measurement of operational risk.

6.3%

Financial Risk Manager Part 2