The regulatory landscape for risk management in financial services is constantly evolving, presenting a formidable challenge for firms and Banks striving to comply and manage their risk profiles effectively. Drawing from the collective wisdom of seasoned risk managers, our goal with this article is to delve into the key challenges and practical strategies that can […]
Risk Assessment
Risk Management in Financial Services During 2023 – 10 Key Highlights
As the year 2023 draws to a close, it’s time to reflect on the significant strides made in the realm of Risk Management within the financial services industry. Despite facing a multitude of challenges, including inflation, economic uncertainty, and geopolitical tensions, the industry seems to have demonstrated strong resilience and a steadfast commitment The financial […]
What Is Risk Management In Banking [Ultimate Guide] 2022
The RBI Grade B Mains Exam’s Finance & Management portion includes a subsection on Risk Management in the Banking Sector. Given that there are numerous questions based on it, it is among the most crucial issues to study for in this exam. The country’s financial sector plays a significant role in its economic expansion. Without […]
Is Risk Listing a Reliable Risk Management Practice?
Introduction Risk management can be defined as the “process which aims to help organizations understand, evaluate and take action on all their risks with a view to increasing the probability of success and reducing the likelihood of failure” (Hopkin, 2010, p. 37). This is the definition made by the Institute of Risk Management (IRM), which […]
Agriculture Industry: Trading and Risk Management
There is a race on across the globe towards increasing productivity and efficiency in the agriculture industry and making the businesses more sustainable. What we need is a fundamental shift in the way agriculture companies handle trading and risk operations and processes. Continuous pressure to increase operational efficiency, decrease reaction times, drive efficient collaboration and […]
7 Risk Assessment Blind Spots (and How to Beat Them)
You’ve all been there, driving along knowing you can predictably change lanes with ease, when suddenly a car shows up in your blind spot. You swerve back to your lane and everyone in your car is startled to attention, wondering what happened and knowing you messed up. Or, you’re walking down the sidewalk, consumed by […]
5 Quotes All Risk Leaders Should Live By
Quotes are collections of words that can transcend time creating literary legends in as few as one breath. Marcus Aurelius, Plato, Gandhi, Bukowski, Emerson, Hemingway, and even Gordon Gecko have given us quotes that make us think, motivate us to act, and even question the world around us. I have always been a sucker for […]
3 Analysis Models All Risk Leaders Should Know
Risk management is an integral part of any business however most of the time it is simply seen as an add-on process that is often shoved into a silo to be kept away from core business functions. Now, this is no fault of business leadership as risk management has a historical reputation of being a […]