[SOLVED] Answering three question about operational risk
I need help with a Business question. All explanations and answers will be used to help me learn.
Using the concepts of Operational Risk management, please provide short answers (a few sentences each) to the following questions on the failure at Knight Capital.
I. Summarize briefly what went wrong at Knight Capital on August 1, 2012.
II. Identify the root causes of Knights loss event (as one or more of the following: failed or inadequate internal process, people, or systems, or external events).
II. Categorize the loss events into one or more Basel Level 1 Event Types (using Annex 9).
Initial resources on Knight Capital:
https://www.forbes.com/sites/steveschaefer/2012/08…
https://www.reuters.com/article/us-knightcapital-results/knight-capital-posts-389-9- million-loss-on-trading-glitch-idUSBRE89G0HI20121017