operational risk
as defined in CRR, Article 4(1), point (52) (Definitions)
the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, including, but not limited to, legal risk, model risk or information and communication technology (ICT) risk, but excluding strategic and reputational risk
Install the extension for EUR-Lex
Also defined in
- Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit… 32013L0036, Article 3(1), point (48)
operational risk as defined in point (52) of Article 4(1) of Regulation (EU) No 575/2013 - Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of… 32009L0138, Article 13, point (33)
the risk of loss arising from inadequate or failed internal processes, personnel or systems, or from external events - Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and… 32006L0048, Article 4, point (22)
the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk;