PRMIA ORM Practice Questions - PRMIA Operational Risk Manager Certificate Exam

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A class-action lawsuit is filed alleging that the bank systematically mis-sold a structured product without adequately disclosing the risks. Under Basel's event-type taxonomy this loss is classified as:

Internal Fraud Clients, Products and Business Practices Execution, Delivery and Process Management Business Disruption and System Failures

Correct Answer:

Clients, Products and Business Practices

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