reduce significant idiosyncratic operational losses. A systemic risk event that leads to significant losses in a bank holding … referred to as idiosyncratic viral loss theory. This idiosyncratic viral loss theory discusses systemic operational losses that …

is classified as a pure risk (only an opportunity of a loss), as it always leads to a financial loss for a bank. The …Operational risk constitutes a large portion of a bank’s risk exposure. Unlike other financial risks, operational risk … several banks and other financial institutions. Operational risk has the possibility to lead to other bank risk and to …