Glossary beginning with O

Operational risk

the risk of losses resulting from inadequacy or unreliability of the internal processes, the human factor and systems, or from external events - it includes legal risk and does not include reputation risk and business risk

Outsourcing

use of external resources

Own funds requirements

total own funds requirements for particular risk types and own funds requirements for exceeded limits and other violations of norms described in the CRR and CRD IV