GARP 2016-FRR Question Answer
Operational risk team for a large international bank is implementing business continuity planning (BCP). Which of the following BCP activities fall within the definition of operational risk and represent Basel II Accord's operational risk categories:
I. Damage to Physical Assets
II. Business Disruption and System Failures
III. Social Distancing Requirements
IV. Potential for Extreme Losses
GARP 2016-FRR Summary
- Vendor: GARP
- Product: 2016-FRR
- Update on: Jul 28, 2025
- Questions: 387