Dhaka, June 29 -- Operational risk is no longer a secondary concern for Bangladesh's banking sector. Under the Basel framework, it refers to the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. It includes legal risk but excludes strategic and reputational risk. In practice, this means a bank may be damaged not only by borrowers who fail to repay or by movements in interest rates and exchange rates, but also by forged documents, weak controls, staff collusion, poor governance, cyberattacks, system failures, political pressure, vendor lapses and natural disasters. These are not routine back-office irritants. In Bangladesh, they have become central threats to banking stability...