hard · Frm Part 2 Operational Risk
In the 'Bow-Tie' model of operational risk, where would 'Vendor Oversight Failure' typically be placed?
- As a 'Key Risk Indicator' used to monitor the residual risk score.
- As a root cause (left side) that triggers the risk event.
- As a consequence (right side) reflecting the impact on the firm's reputation.
- As the 'Top Event' in the center, representing the moment control is lost.
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