# kaal:claim:3936876-027

**Claim.** Operational risk is inherently high in custody services because of the high volume of transactions processed daily, and those risks are magnified in a global custody operation running around the clock across different markets.

**Type.** mechanism  **Support.** argued

**Holds when.**

- custody services generally, and global custody in particular

**Source quote.**

> Operational risk is inherently high in custody services because of the high volume of transactions processed daily.

**From.** Wulf A. Kaal, Hayley Howe, *Custody of Digital Assets* (2021), III.2 OCC Requirements, page 23

**Cite as.** Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

**Verify.** sha256 of source PDF `9bc0903d01910460298e754c451f027df4324367359800a98ee8e638d94aff55` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Howe%20-%202021%20-%20Custody%20of%20Digital%20Assets.pdf

**Topics.** risk-and-incentives, defi

**Keywords.** operational-risk, custody, transaction-volume, risk-management

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.