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 |
|---|---|---|---|
| Hacked off: banks demand answers after Ion cyber attack | Clients left in the dark about ransomware attack that disrupted futures trading last month |
https://www.risk.net/risk-management/7956234/hacked-off-banks-demand-answers-af… | |
| Digital exposure makes fraud management a vital responsibility for financial institutions | Fraud management and detection continue to be an increasing area of concern for financial institutions worldwide |
https://www.risk.net/risk-management/operational-risk/7956317/digital-exposure-… | |
| UBS takeover of Credit Suisse to trigger higher G-Sib surcharge | At 14.2%, UBS’s CET1 capital ratio is more than sufficient to absorb the deal |
https://www.risk.net/risk-quantum/7956287/ubs-takeover-of-credit-suisse-to-crea… | |
| Nasdaq exec criticises VAR models in erratic energy markets | FIA Boca 2023: Model being adopted by rivals is “bad choice” for unpredictable assets, says exchange tech official |
https://www.risk.net/risk-management/7956271/nasdaq-exec-criticises-var-models-… | |
| Ice exec rejects cloud for critical infrastructure | FIA Boca 2023: SVP Bland “can’t imagine” outsourcing critical infrastructure; DRW’s Wilson warns of concentration risk |
https://www.risk.net/risk-management/7956258/ice-exec-rejects-cloud-for-critica… | |
| Dealing with multi-currency inventory risk in foreign exchange cash markets | A market-making model that considers correlation, transaction costs and market impact is presented |
https://www.risk.net/risk-management/7956238/dealing-with-multi-currency-invent… | |
| Top 10 operational risks: Focus on third-party risk | Ion hack deals industry painful reminder on the drawbacks of outsourcing |
https://www.risk.net/risk-management/7956232/top-10-operational-risks-focus-on-… | |
| Capitolis chief risk officer to depart | Two months after firm registered as swap dealer, signatory of SEC filing announces retirement |
https://www.risk.net/risk-management/7956204/capitolis-chief-risk-officer-depar… | |
| Top 10 operational risks: Focus on cyber risk | All firms fear data breach; smaller banks also concerned over IT disruption |
https://www.risk.net/risk-management/7956208/top-10-operational-risks-focus-on-… | |
| One-fifth of CME clearing members hit by Ion hack | Advisory committee heard that CFTC believed it could “play a more direct role” in cyber security practices |
https://www.risk.net/risk-management/7956191/one-fifth-of-cme-clearing-members-… |
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