
Classification, identification and monitoring of operational risk 37
䊏 An origin, <o>, which makes possible identification outside the classification and
which may, for example, identify the branch.
For any practical purpose the identification number corresponds one-to-one to the
classification number, but their characteristics are different and so is their use. A valid
classification system will also account for migration from credit risk and market risk
to the operational risk category. There is plenty of work to be done within the
perspective examined in this section.
In conclusion, lack of proper logical classification of operational risk results ...