One even hears occasionally of “regulation risk” - which seems to relate to the capricious demands of regulatory agencies. Needless to say, this one has not been high on our list of concerns for the Australian banking system!
I propose to touch on only three areas of banking risk: -  old-fashioned credit risk; interbank settlement risk; and the Year 2000 problem - a kind of operational risk visited upon the world by the approach of the new millenium, and the short-sightedness of 1970s computer programmers with a penchant for abbreviation!