A financial institution is concerned about potential losses due to a combination of factors including market volatility, counterparty defaults, and internal control failures. Which of the following risk combinations most comprehensively addresses these concerns?

Select one:

a$.$ Credit Risk, Operational Risk, and Political Risk

b$.$ Market Risk, Credit Risk, and Liquidity Risk

c$.$ Systemic Risk, Interest Rate Risk, and Currency Risk

d$.$ Market Risk, Credit Risk, and Operational Risk