Earlier article discuss the need for managers to understand risk management. The following are the risks, the manager of a firm normally might encountered:
1.0 Market Risk which relates to business environment, industry, political situation,
2.0 Liquidity Risk which relates to cash-flow, funding, capital,
3.0 Credit Risk which relates to customers’ reputation, settlement, accounts, payment,
4.0 Operational or Process Risk which relates to the systems, policies and procedures, internal controls and management supervision
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