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Operational risk is the risk of loss resulting from bank operational failures, such as rogue traders, fraudulent sales practices, and cyber risks. Operational risk capital is money or assets that banks have to hold to shield the economy from the consequences of these kinds of failures.
Seth Moulton
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"Operational risk is the risk of loss resulting from bank operational failures, such as rogue traders, fraudulent sales practices, and cyber risks. Operational risk capital is money or assets that banks have to hold to shield the economy from the consequences of these kinds of failures."
— Seth Moulton #moneywealth

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Operational risk is the risk of loss resulting from bank operational failures, such as rogue t…

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Operational risk is the risk of loss resulting from bank operational failures, such as rogue traders, fraudulent sales practices, and cyber risks. Operational risk capital is money or assets that banks have to hold to shield the economy from the consequences of these kinds of failures. — Seth Moulton

About Seth Moulton

Seth Moulton was a Politician from United States (1978–present).

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Frequently Asked Questions

Who said "Operational risk is the risk of loss resulting from bank operational failures,…"?
This quote is attributed to Seth Moulton, a Politician from United States.
When did Seth Moulton live?
Seth Moulton lived from 1978 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.