In order to promote and advance operational risk as a recognised and respected risk management discipline, several criteria need to be met: 1.There needs to be a framework for operational risk management together with a common language across the industry; 2. ###>In order to promote and advance operational risk as a recognised and respected risk management discipline, several criteria need to be met: 1.There needs to be a framework for operational risk management together with a common language across the industry; 2.