What is Risk
Risk is something that every business has to take to move forward.
However, with most businesses taking some type of risk every single day, it needs to be asked what risk exactly is.
Supply Chain Risk Categories
Supply Risks
"Supply risks pertain to risk events on the supply side that include supplier defaults or other unexpected changes in supply cost, delivery, quality or reliability." 4, p. 23
Process Risks
Risks within a companies own Supply Chain and the Processes within this Supply Chain 4, pp.24ff
Control Risks
Misapplicatoin of rules controlling supply chain processes e.g. order quantities. 18, pp.10-11
Demand Risks
The uncertainty of Product Demand is universal challenge for all companies in all fields of business. 4, pp.26ff
Natural Risks
Risks arising from uncontrollable natural events, e.g. earthquakes or weather-related disaster. 18, pp.11-13; 20, p.5
IT Risks
Especially in a highly digitized business environment, an IT system failure anywhere can cause a failure everywhere. 20, p.5; 21, p.56
Risk News
| Titel | Beschreibung | Quelle | Veröffentlicht |
|---|---|---|---|
| Op risk data: Banks dial in $600m loss for illicit phone use | Also: Santander staff mistreatment; cum-ex rumbles on; CFTC steps up scrutiny of swaps reporting. Data by ORX News |
https://www.risk.net/comment/7953206/op-risk-data-banks-dial-in-600m-loss-for-i… | |
| Esma warns new foreign clearing house rules could backfire | Löber says euro swaps trading may move away from CCPs that face toughest EU scrutiny |
https://www.risk.net/risk-management/7953251/esma-warns-new-foreign-clearing-ho… | |
| Archegos revives Lehman-era trade booking controversy | Experts debate whether defaulted TRS positions should have become house exposures immediately |
https://www.risk.net/regulation/7953191/archegos-revives-lehman-era-trade-booki… | |
| Market-making by a foreign exchange dealer | An optimal liquidity model for pricing and hedging decisions is presented |
https://www.risk.net/cutting-edge/banking/7952481/market-making-by-a-foreign-ex… | |
| Using correlation to model op risk losses may be unsafe – study | Techniques for linking economic factors and bank losses produce varying – and sometimes contradictory – results |
https://www.risk.net/risk-management/7953161/using-correlation-to-model-op-risk… | |
| Geopolitical risk models not ‘rigorous’ enough, says quant | Joseph Simonian believes game theory and reinforcement learning could improve matters |
https://www.risk.net/investing/quant-investing/7953021/geopolitical-risk-models… | |
| Banks temper credit loss models by editing Covid narrative | https://www.risk.net/risk-management/7952686/banks-temper-credit-loss-models-by… | ||
| Risk Technology Awards 2022 | The 2022 Risk Technology Awards recognised products and services that helped firms steer through the Covid-19 pandemic, a testament to the winners’ resilience in the face of unprecedented disruption and the key role they play in today’s markets. This year’s awards include 24 award categories, in credit risk, operational risk, enterprise risk management (ERM) and regulatory risk. |
https://www.risk.net/awards/7952941/risk-technology-awards-2022 | |
| Risk Technology Awards 2022: No oil painting | After years of relative peace, the risk landscape has turned ugly. This year’s winners of the Risk Technology Awards weigh the challenges facing their clients |
https://www.risk.net/risk-management/7952936/risk-technology-awards-2022-no-oil… | |
| Is stochastic cross-currency basis a better way to model IM? | Using Monte Carlo model extension for forward IM calculation avoids excessive outputs for MVA |
https://www.risk.net/comment/7952661/is-stochastic-cross-currency-basis-a-bette… |
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