The trade support employee decides not to enter the data into the event database and does not

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The trade support employee decides not to enter the data into the event database and does not inform anyone of the error. What is the most serious consequence of this action? Select the best answer.

a. He is risking being fired for breaching company policy.

b. The trader cannot learn from his mistake.

c. Audit will issue an audit point if the omission is discovered.

d. Effective operational risk management in the firm is undermined.

e. The firm might fail its Basel II examination.

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Operational Risk Management A Complete Guide For Banking And Fintech Wiley Finance

ISBN: 9781119836049

2nd Edition

Authors: Philippa X. Girling

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Question Posted: Jul 04, 2024 11:02 AM

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The trade support employee decides not to enter the data into the event database and does not

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Operational Risk Management A Complete Guide For Banking And Fintech Wiley Finance

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