Operational risk exposure
Operational risk exposure means the 99.9th percentile of the distribution of potential aggregate operational losses, as generated by the Enterprise's operational risk quantification system over a one-year horizon (and not incorporating eligible operational risk offsets or qualifying operational risk mitigants).
Source
12 CFR § 1240.101
Scoping language
Terms that are set forth in 1240.2 and used in this subpart have the definitions assigned thereto in 1240.2.