Printer friendly

What does OpRisk stand for?

OpRisk stands for Operational Risk

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

According to the Islamic Financial Services Board (IFSB), in Islamic banks, operational risk is associated with the loss resulting from 'inadequate, or failed internal processes, people, and system, or from external events, including, losses resulting from Shari'ah noncompliance, and the failure in fiduciary, responsibilities.
95 Hardcover Wiley series in probability and statistics HD61 Panjer (statistics and actuarial science, University of Waterloo, Canada) offers risk analysts a framework for understanding the mathematical models used in the measurement of operational risk in the banking and insurance sectors.
The draft supervisory guidance on the AMA for operational risk sets forth expectations for banking organizations for calculating operational risk exposure under the proposed framework and outlines requirements for governance, measurement, monitoring, and control of operational risk.