Operational Risk

You'd reach for this when building or auditing operational risk controls at a broker-dealer or trading desk. It covers the Basel event taxonomy (all seven categories), trade error detection and correction workflows, fat-finger handling, error account mechanics, and KRI development. Useful for investigating settlement fails, designing reconciliation processes, or preparing for FINRA examinations. The framework distinguishes between error types (wrong security, wrong side, duplicate orders) and walks through root cause analysis and corrective action tracking. If you're responding to a system outage or building business continuity plans for trading operations, this gives you the structured approach regulators expect to see.