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In today's intricate business landscape, operational risk management stands out as a crucial component of overarching risk management strategies. Ensuring that organizations can effectively navigate operational risks is paramount for their success and sustainability across various industries. Operational risk, stemming from internal processes, personnel, systems, and external events, poses a significant threat to businesses. Unlike market or credit risk, operational risk encompasses a broad range of factors that could impede business continuity. These disruptions may lead to legal issues, financial setbacks, damage to reputation, and regulatory consequences.
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