Risk Management

Question 1

We live in an environment of increased accountability due to historical financial crises.

What possible effects might rating agencies, regulators, and government officials have on risk management in the next 10 years?
How might boards and senior executives be affected by these changes in risk management?

Question 2

How would you describe the risk management process? How would the risk management process be different and what parts are the same when evaluating people risks, financial risks, and operational risks?

Question 3

Banks employ various techniques to safeguard against operational risks such as bank robberies and white-collar crimes. What other operational risks must banks guard against? How do banks guard against these risks?

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Rating agencies, government officials and regulators is important in our society because of the changes that we shall have when it comes to risk management. One thing about this is that the risk management process will improve (Kosmidou, et al., 2011). Rating is all about determining who fits in which position and sorting out those who are not qualified when it comes to risk management. Therefore when we rate and come up with better personnel in risk management we shall be in a better position….

APA

674 words