LESSON 1: INTRODUCTION TO RISK Chapter Objectives • Discuss different meanings of the term risk. • Describe major types of business risk and personal risk. • Explain and compare pure risk to other types of risk. • Outline the risk management process and describe major risk Expected loss UNIT I CHAPTER 1 RISK & ITS MANAGEMENT Expected loss Uncertainty (vaiability around the expected loss) One situation is riskier than other if it has greater RISK MANAGEMENTFOR GLOBAL FINANCIAL SERVICES
Premium Risk management
Risks in Banking |Banking‚ by its nature‚ entails taking a wide array of risks. Banking supervisors need to understand these risks and be satisfied that banks| |are adequately measuring and managing them. The key risks faced by banks are discussed below. | |Credit risk | |The extension of loans is the primary activity of
Premium Market risk Operational risk Bank
On 3rd August 2009‚ Monday‚ the swine flu death of Riya Sheikh‚ a fourteen year old school student from Pune’s Camp area shocked Pune and the entire country. It was the first case of swine flu death in India. Till now we were casual about swine flu epidemic spreading in Western countries. Even occassional detection of swine flu in India did not panic us. Ria’s death only made us aware that swine flu virus can be contacted locally and is fatal. After her death panic gripped not only Pune but the
Premium Influenza
Risk 1: Global warming -- our technology is killing our environment. 2: Possible network-wide failure because of a computer virus or malfuntion (like Y2K‚ except real). 3: Nuclear warfare and fallout -- our technology would‚ in theory‚ allow us to destroy the world as we know it. This is not a good thing‚ even if it helps us win wars. Also in that category: weapons of mass destruction‚ bioweapons‚ and so on (the fact that there is a "so on" is scary in and of itself). 4: Religious conflicts
Premium Nuclear weapon Life World War II
Haidt & Graham -- 1 When morality opposes justice: Conservatives have moral intuitions that liberals may not recognize Jonathan Haidt and Jesse Graham University of Virginia February 1‚ 2006 Second draft of invited submission to special issue of Social Justice Research‚ on emotions and justice [8026 words for full MS] Abstract Researchers in moral psychology and social justice have agreed that morality is about matters of harm‚ rights‚ and justice. With this definition of morality‚ conservative
Free Morality
Pic 0027 Risk management Risk management is the identification‚ assessment‚ and prioritization of risks followed by coordinated and economical application of resources to minimize‚ monitor‚ and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavour from the business goals. SCOPE: Every failing project I’ve seen has had an informal scope of "the sun‚ the moon‚ the
Premium Risk management
“STARBUCKS AND OTHERS: THE FUTURE OF PUBLIC Wi-Fi” CASE STUDY ANALYSIS SUMMARY: Wi-Fi usage has been on the upswing recently‚ thanks to the rise of smartphones‚ especially the iPhone. Whether it is airports or cafes‚ people are increasingly logging onto Wi-Fi networks.The case talks about free Wi-Fi in various areas of businesses like restaurants‚ airports etc to attract crowd and to increase their business. It talks about transition from Wi-Fi – for money to Wi-Fi as a lure. The various strategies implemented
Premium Wi-Fi
Section 1 A Risk Management Plan is a document that a project manager prepares to foresee risks‚ estimate impacts‚ and define responses to issues. It also contains a risk assessment matrix. A risk is "an uncertain event or condition that‚ if it occurs‚ has a positive or negative effect on a project’s objectives." Risk is inherent with any project‚ and project managers should assess risks continually and develop plans to address them. The risk management plan contains an analysis of likely risks with both
Premium Information security Risk management Computer security
Tutorial 7 2) What is strategy risk? What is the taxonomy of strategy risk? Strategy risk is a possible source of loss that might arise from the pursuit of an unsuccessful business plan. For example‚ strategy risk might arise from making poor business decisions‚ from the substandard execution of decisions‚ from inadequate resource allocation‚ or from a failure to respond well to changes in the business environment. The taxonomies of strategy risk are objectives‚ business plan‚ new business development
Premium Risk management Risk
THE STRATEGY EXECUTION SOURCE Article Reprint No. B0911A Risk Management and the Strategy Execution System By Robert S. Kaplan For a complete list of Harvard Business Publishing newsletters: http://newsletters.harvardbusiness.org For reprint and subscription information for Balanced Scorecard Report : Call 800-988-0866 or 617-783-7500 http://bsr.harvardbusinessonline.org For customized and quantity orders of reprints: Call 617-783-7626 Fax 617-783-7658 For permission
Premium Risk management Operational risk Risk