Can reputational risk be measured
Reputational risk will often come hand in hand with operational risk, but it has yet to be taken as seriously, if it is even considered at all. David Benyon finds out why, and asks what might be done to resolve this situation
Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.” So sayeth Basel II, Part 2, Chapter V, Verse A. The description continues, consigning reputational risk to a sort of limbo beyond op risk, adding: “This definition includes legal risk, but excludes strategic and reputational risk.” In some ways, Basel
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