206. Competent authorities should focus the assessment of operational risk sub-categories to those …

Competent authorities should focus the assessment of operational risk sub-categories to those which are considered material to the institution. Competent authorities should also apply their expert judgement to identify significant sub-categories, based on all available internal and external information sources. In conducting the assessment, competent authorities should always pay attention to the following aspects of operational risk⁴¹ :

• a. legal risk;
• b. model risk;
• c. ICT risk.

6.4.2.1. Legal risk

⁴¹ Please refer to Annex III for a non-exhaustive breakdown of operational risk sub-categories.

1. Ħarsa ġenerali

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

3. Standards relatati

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