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Risk Management > Process and Types > Flashcards

Process and Types Flashcards

1
Q

How many steps there are in the Risk Process?

A

6

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2
Q

What are the Risk Process steps?

A
  • Identify
  • Measure
  • Own
  • Address
  • Implement Solutions
  • Monitor
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3
Q

Is the Risk Process unstructured?

A

No

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4
Q

How can you Address Risk?

A
  • Doing nothing
  • Insurance
  • Financial Instruments
  • Change model
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5
Q

What is the last step of the Risk Process?

A

Monitor

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6
Q

Why we have to monitor the Risk Process?

A

In case the business will change

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7
Q

What are the Corporate Risk groups?

A

Financial and Non Financial

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8
Q

How many Non Financial risks?

A

4

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9
Q

What are the Non Financial Risks?

A
  • Operational
  • Strategic
  • Reputation
  • Legal/Regulation
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10
Q

Disruption is part of what Non Financial risk?

A

Strategic

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11
Q

What are the Operational risks?

A
  • Dily Ops
  • Control/Check
  • Leadership
  • Incompetence
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12
Q

What are the Strategic risks?

A
  • No investments
  • Poor choices
  • Bad timing
  • Disruptive changes
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13
Q

What are the Reputation risks?

A
  • CEO integrity
  • Product quality
  • Employee behavior
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14
Q

What are the Legal/Regulations risks?

A
  • Subsidy
  • Environmental laws
  • Lobby
  • Monopoly
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15
Q

What are the Financial Risks?

A
  • Business
  • Market
  • Credit
  • Liquidity
  • Counterparty
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16
Q

What are the Market risks?

A
  • Interest Rates
  • Exchange Rates
  • Commodity Price
17
Q

What is a Counterparty risk?

A

Default of other party involved in business

18
Q

How can I protect myself from Financial Market risks?

A

by Hedging

19
Q

How many Risk Types we have and what they are?

A

Direct and Indirect

20
Q

What is the difference between Direct and Indirect risks?

A

Direct risks are well known, Indirect risks are out of routine.

Risk Management (1 decks)

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