RSK2602/101/3/2014 Tutorial Letter 101/3/2014 Fundamentals of operational and financial risk RSK2602 Semesters 1 and 2 Department of Finance‚ Risk Management and Banking This tutorial letter contains important information about your module. Bar code 1 Open Rubric CONTENTS 1 INTRODUCTION AND WELCOME.............................................................................................. 3 2 PURPOSE OF AND OUTCOMES FOR THE MODULE .............................
Premium Risk management Operational risk Risk
THE RELATIONSHIP OF RISK ASSESSMENTS AND INFORMATION TECHNOLOGY TO DETECTED MISSTATEMENTS Lizabeth A. Austen Assistant Professor University of Arkansas Aasmund Eilifsen Associate Professor Institute of Accounting‚ Auditing and Law Norwegian School of Economics and Business Administration William F. Messier‚ Jr. Deloitte & Touche Professor Georgia State University Professor II Institute of Accounting‚ Auditing and Law Norwegian School of Economics and Business Administration Preliminary Draft:
Premium Internal control Audit Auditing
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
Exchange Risk Currency risk is also called the foreign exchange risk or foreign exchange exposure‚ refers to a period of international economic transactions in foreign currency-denominated assets (or creditor) and liabilities (or debt)‚ caused by fluctuations in the exchange rate and its value will go up and possibilities. Risk of stake-holder including government‚ enterprises‚ banks‚ individuals and other sectors‚ they are facing the risk of exchange rate fluctuations. Classification 1. Transaction
Premium Foreign exchange market Bretton Woods system Exchange rate
RISK IN VARIOUS FORMS FACE ALL KINDS OF BUSSINESS AND THEYCOME FROM VARIETY OF FACTORS. SOME FACTORS ARE CONTRLLABLE OTHERS ARE NOT CONTROLLABLE. USING EXAMPLES NAME AND DISCUSS TWO FACTORS FROM EACH CONTROLLABLE AND NON CONTROLLABLE FACTORS THAT COULD POSSSIBLY RESULT INTO RISK RISK Risk is often mapped to the probability of some event which is seen as undesirable. Usually the probability of that event and some assessment of its expected harm must be combined into a believable scenario (an outcome)
Premium Risk Investment Operational risk
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
A PERSON CENTRED APPROACH TO RISK ASSESSMENT MY NAME What is it I want to do What are the benefits to me in doing this? What might go wrong? What might happen if I don’t do this? DATE Can we do something to reduce the risk? (See over). With control measures how likely is it to go wrong? (Scale of 1-10). If it goes wrong. How serious will it be? (Scale of 110 x previous score). A PERSON CENTRED APPROACH TO RISK ASSESSMENT 1 NAME DATE WHEN REVIEWED People Present Signatures
Premium Management Thought Risk
with no central location. A dealer market with no central location is referred to as an over-the-counter market. They are largely unregulated markets and each contract is with a counterparty‚ which may expose the owner of a derivative to default risk (when the counterparty does not honor their commitment). Some options trade in the over-the-counter market‚ notably bond options. LOS 1.b: Contrast forward commitments and contingent claims. A forward commitment is a legally binding promise to
Premium Futures contract Derivative Forward contract
TYPE OF EVENT See Immediate Causes 1 Struck against (running or bumping into) Struck by (hit by moving object) 1‚ 2‚ 4‚ 5‚ 6‚ 9‚ 11‚ 12‚ 13‚ 14‚15‚ 16‚ 17‚18‚19‚20‚21‚ 22‚ 23‚ 24‚ 25‚ 27‚ 31‚ 39‚ 40 2 Fall from elevation to lower level fall on same level (slip and fall‚ trip over) 3‚ 4‚ 5‚ 6‚ 7‚ 9‚ 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ 19‚ 21‚ 22‚ 23‚ 26‚ 27‚31‚ 33‚ 36‚ 40 3 Caught in (pinch and nip points) Caught on (snagged‚ hung) Caught between or under (crushed or amputated) 4‚ 5‚ 6‚ 9‚ 10‚ 11‚ 12
Free Prime number Harshad number
CS-TR-3782 UMIACS-TR-97-38 The Riskit Method for Software Risk Management‚ version 1.00 Jyrki Kontio Institute for Advanced Computer Studies and Department of Computer Science University of Maryland A.V. Williams Building College Park‚ MD 20742‚ U.S.A. Emails: jkontio@cs.umd.edu jyrki.kontio@cs.hut.fi Version 1.00 Status: Final Abstract: This paper presents the Riskit method for software engineering risk management. This document contains the motivation for the method‚ description
Premium Risk management Project management Risk