We live in an environment of increased accountability due to historical financial crises.
- What possible effects might rating agencies, regulators, and government officials have on risk management in the next 10 years?
- How might boards and senior executives be affected by these changes in risk management?
How would you describe the risk management process? How would the riskmanagement process be different and what parts are the same whenevaluating people risks, financial risks, and operational risks?
Banks employ various techniques to safeguard against operational riskssuch as bank robberies and white-collar crimes. What other operationalrisks must banks guard against? How do banks guard against these risks?