6 Types Of Risk Flashcards
1
Q
What are the 6 types of risk?
A
SCROLL
1. Strategic Risk
2. Credit Risk
3. Reputation Risk
4. Operational Risk
5. Legal/Compliance Risk
6. Liquidity Risk
2
Q
What is strategic risk
A
Strategic deals with mission and future plans
3
Q
What is credit risk?
A
Not settling/paying for obligation that’s due
4
Q
What is reputation risk?
A
Negative publicity affects reputation
5
Q
What is operational risk
A
Processing risk
6
Q
What is legal or compliance risk
A
Arises from failure to comply with statutory or regulatory obligations
7
Q
What is liquidity risk
A
Risk associated with earnings or capital
