Ferreira, Suné; Dickason Koekemoer, Zandri - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-18
Operational risk constitutes a large portion of a bank's risk exposure. Unlike other financial risks, operational risk is classified as a pure risk (only an opportunity of a loss), as it always leads to a financial loss for a bank. The failure to mitigate and manage operational risk effectively...