Which of the following statements concerning operational risk is correct? Operational risk is easier to manage than market risk because taking market risk is a necessary part of doing business while taking operational risk is not necessary for bank to do business. Operational risk is more difficult to manage than credit risk because it is impossible to buy an insurance contract against operational risk. Operational risk is difficult to manage because it is possible that a huge loss will be incurred from taking operational risk that ex-ante was not even recognized as a risk. Losses from operational risk are always higher than losses from market risk