Question:
After researching operational risk and the Basel Accords II, you will find the seven types of loss events that businesses must deal with to remain solvent.
Based on your reading, researches, and lecture notes, select a business that you are interested in and write a 3-4 page paper that addresses the following:
List the name of the business, line of business (what they do), and provide a brief overview of the business.
Based on your research of the business, identify 3 - 4 types of potential losses for the business.
Explain how you would manage three or four of those potential operational losses. Provide examples to illustrate your choices.
Address the four key risk management techniques (avoidance, retention, reduction, and transfer) that you can utilize to manage operational risk.