Table 5.1 Operational risk parameters identified during the survey
Risk type No of Institutions
occurrences
AB C DE F G HI J K L
Lack of overall responsibility 3 
Processing 12  
Inexperienced staff 9 
Inability to attract high
calibre staff 4 
Fraud 11 
Lack of adequate systems 9 
Lack of system integration 4 
Inadequate controls 6 
Inadequate MIS 8 
Inadequate monitoring 7 
Lack of auditors’ knowledge 3 
Country risk 3 
Reputation risk 3 
Operational risk parameters identified during the survey

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