10 Questions
What is the primary focus of risk management?
Identifying what could go wrong
What is the benefit of identifying risks in advance and having a response plan?
It reduces the cost of dealing with a risk when it occurs
What is the role of the business unit in risk management?
To perform day-to-day risk management
What is the purpose of risk oversight?
To identify and assess risks, and ensure they are appropriately controlled
What is the role of the independent risk management function?
To oversee risk management and agree on results and action plans with the business units
What is the relationship between risk management and good business management?
Risk management is an integral part of good business management
What is the role of the board in risk management?
To establish risk policies and governance
What is the purpose of risk policies and governance?
To establish a framework for managing risk
What is the benefit of having a simple risk framework?
It helps to identify and manage risks more effectively
What is the role of risk management in a firm?
To evaluate and manage risks
Explore the unique risks affecting the financial services sector, including those related to disruptive innovation in Fintech, Regtech, and cryptoassets. Learn about the potential benefits and problems associated with these emerging technologies.
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