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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