Tag: Expenditure Authority

Bank Expenditure Operational Risk

Payment and expenditure authority risk

Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool. That is unfortunate because operational risk is real and often realized more than both credit and interest rate risk. Take payment risk for example.


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