A bank's internal audit department is evaluating the institution's management of operational risk. According to the Basel Committee on Banking Supervision (BCBS), operational risk includes losses resulting from what?
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A
Adverse changes in interest rates, foreign exchange rates, or equity prices.
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B
A major borrower defaulting on a large loan.
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C
Inadequate or failed internal processes, people, and systems, or from external events.
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D
A sudden, significant withdrawal of deposits leading to a funding shortfall.