Podcast
Questions and Answers
What could trigger lockstep movement between risk factors?
What could trigger lockstep movement between risk factors?
- Structural changes
- Behavioral shifts and industry trends (correct)
- Government interventions only
- New innovations only
What accelerates structural uncertainty, leading to increased danger?
What accelerates structural uncertainty, leading to increased danger?
- Increase in the frequency of tail events (correct)
- Increase in industry trends
- Reduction in risk factors
- Decrease in the frequency of tail events
What is one of the biggest structural concerns related to conflicts of interest in risk management?
What is one of the biggest structural concerns related to conflicts of interest in risk management?
- Managers concealing knowledge for personal gain (correct)
- Government interventions
- Increase in expected losses
- Rogue traders profiting from risk presence
How can conflicts of interest skew risk recognition be combated in risk management?
How can conflicts of interest skew risk recognition be combated in risk management?
Which group is sometimes most aware of various risk factors but may try to profit from them?
Which group is sometimes most aware of various risk factors but may try to profit from them?
What is the best way to ensure proper functioning of risk recognition and risk management systems according to the text?
What is the best way to ensure proper functioning of risk recognition and risk management systems according to the text?
What role do frontline employees and division managers play in combating conflicts of interest in risk management?
What role do frontline employees and division managers play in combating conflicts of interest in risk management?
What is a significant concern related to conflicts of interest in the context of risk management?
What is a significant concern related to conflicts of interest in the context of risk management?
What does the text suggest as the best approach to combat potential conflicts of interest skewing risk recognition?
What does the text suggest as the best approach to combat potential conflicts of interest skewing risk recognition?
What potential issue arises when individuals conceal knowledge of a risk factor according to the text?
What potential issue arises when individuals conceal knowledge of a risk factor according to the text?
