Operational Risk Regulation: So, you have the options of a formal annual process, or possibly more frequent processes of identifying emerging risks or rolling it into your other RCSA processes, your other processes of risk identification and risk management..Operational risk is intrinsic to financial ins.utions and thus should be an important component of their firm-wide risk management systems. However, operational risk is harder to quantify and model than market and credit risks..According to Mark Zuckerberg, "The biggest risk is not taking any risk. In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks." Taking risks is the only way to go from here to there..
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