Managing Operational Risk in Financial Markets

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