Which of the following is the best description of a robust operational risk framework? a. It collects

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Which of the following is the best description of a robust operational risk framework?

a. It collects all operational risk losses that occur within the firm.

b. It provides effective tools to identify, assess, control, and mitigate operational risk.

c. It produces a capital calculation of operational risk.

d. It is based on a framework that has been successful at another firm.

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