Operational risk is defined as a risk that results from the deficient functioning of processes, personnel or IT systems. External events (e.g. electricity blackouts) are also considered to fall under the heading of operational risk management. The State Treasury maintains up-to date process workflow charts with control points to manage operational risks.
The State Treasury monitors realized risk events and assesses their seriousness on a regular basis. An important part of operational risk management is deciding on corrective measures and monitoring their implementation.
The State Treasury is responsible for the continuity of the debt management processes. In order to ensure the functioning of debt management processes in the event of disruptions, the State Treasury maintains an up-to-date continuity plan.