Risk is defined by some as the possiblity of danger or the possible exposure to danger. Whereas, risk management is viewed as a systematic process of assessing the potential risk to a business which incorporates identifying, evaluating, monitoring/tracking and reporting risk to the board/senior management. Risk management processes are evolving with the focus on all of the following EXCEPT: Question 1Answer a. Development of regulator guidelines for imposing risk-based techniques to reduce systemic risks. b. Examining the different components of the risk management framework. c. Emergence of new organizational processes for better integrating these advances. d. Developing risk-based techniques to meet risk-based capital requirements
Risk is defined by some as the possiblity of danger or the possible exposure to danger. Whereas, risk management is viewed as a systematic process of assessing the potential risk to a business which incorporates identifying, evaluating, monitoring/tracking and reporting risk to the board/senior management. Risk management processes are evolving with the focus on all of the following EXCEPT:
Question 1Answer
Development of regulator guidelines for imposing risk-based techniques to reduce systemic risks.
Examining the different components of the risk management framework.
Emergence of new organizational processes for better integrating these advances.
Developing risk-based techniques to meet risk-based capital requirements
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