Operational Risk has been increasing day by day in the Nepalese Financial Sector and large risks events are taking place one after another, and it is always difficult to assess when, how and at what intensity the operational risk events occur. But the losses stemming from operational risks may erode the capital of a BFI with such a magnitude and intensity that the BFI may be left with no room for escaping from the impact, which could precipitate up to a situation of collapse. Thus, a clear understanding on operational risk and its control has been always a challenge to the management.
Thus, NBI announces the program on 'Operational Risk Management', so that all the respective staffs, instrumental in implementing the Operational Risk Management Policy and manual/guidelines, are capable of identifying the Early Warning Signals (EWSs), Defining Key Risk Indicators (KRIs), Reporting the Risk Events for further analyzing, assessing and mitigating risk proactively.
