Vendor misperformance

Below are the details of the operational risks covered within this selected sub-risk category:

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Gradual deterioration in quality of products/services offered by vendors

Risk Description: -

Gradual deterioration in quality of products/services offered by vendors may result in business disruption and unplanned costs for the firm. Examples of such deterioration include: -



Misuse of firm's assets by vendors

Risk Description: -

Misuse of firm's assets by vendors may result in business disruption or unplanned costs for the firm. Examples of such misuse include: -



Firm unable to amicably end relationship with a key vendor

Risk Description: -

Firm unable to amicably end relationship with a key vendor may result in business disruption and unplanned costs for the firm. Examples of reasons for which firm may want to end relationship with vendor include:-