Question:medium

What is operational and legal Risk?

Show Hint

Remember: Operational risk is associated with internal business processes, while legal risk is related to the legal and regulatory environment.

Updated On: Apr 4, 2026

Show Solution

Solution and Explanation

Was this answer helpful?

0

Top Questions on Banking and Finance

What is meant by the creation of charge in the context of secured loans?
- CBSE Class XII - 2025
- Financial Markets Management
- Banking and Finance
View Solution
Members should have a prudent system of risk management to protect themselves from client default. _ _ _ _ _ _ is an important element of such a system.
- CBSE Class XII - 2026
- Financial Markets Management
- Banking and Finance
View Solution
_ _ _ _ _ _ _ note is a confirmation of trade(s) done on a particular day for and on behalf of a client.
- CBSE Class XII - 2026
- Financial Markets Management
- Banking and Finance
View Solution
Failure to submit audited accounts by a trading member in which type of conduct?
- CBSE Class XII - 2026
- Financial Markets Management
- Banking and Finance
View Solution
Want to practice more? Try solving extra ecology questions todayView All Questions

Questions Asked in CBSE Class XII exam

The role of a catalyst is to change _____________ .

CBSE Class XII - 2025
Surface Chemistry

Which of the following statements is true for the function \[ f(x) = \begin{cases} x^2 + 3, & x \neq 0, \\ 1, & x = 0? \end{cases} \]

CBSE Class XII - 2024
Functions

\( \int_a^b f(x) \, dx \) is equal to:

CBSE Class XII - 2024
Functions

Let \( \theta \) be the angle between two unit vectors \( \mathbf{\hat{a}} \) and \( \mathbf{\hat{b}} \) such that \( \sin \theta = \frac{3}{5} \). Then, \( \mathbf{\hat{a}} \cdot \mathbf{\hat{b}} \) is equal to:

CBSE Class XII - 2024
Vector Algebra