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“I think it would make sense to link chargeable activities to operational risk, again, as I’ve outlined, the people, processes, and technology behind chargeable activities, and not necessarily the chargeable activities.” in and of itself,” he said. “This means that we do not control the financial aspects of these activities, but we can control and understand more deeply the operational processes behind the financial aspects of these activities, which may be chargeable. They are very autonomous, they are very frequency based – for a paid activity a very simple example would be credit cards; Every time you swipe a credit card, there’s a fee, and that’s revenue for a company that manages the card itself. It’s pretty much taken for granted and there may be a lack of a great deal of understanding of the people, the process of technology, the control, protection and motivation behind these activities, which for most banks are considered almost nothing but passive income; We will collect these fees and all is well.
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2023-07-13 16:22:52
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