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OM-1.3.2

Risk identification and assessment are fundamental characteristics of an effective operational risk management system. Effective risk identification considers both internal factors (such as the licensee's structure, the nature of the licensee's activities, the quality of the licensee's human resources, organisational changes and employee turnover) and external factors (such as changes in the broader environment and the industry and technological advances) that could adversely affect the achievement of the licensee's objectives.

January 2014