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 |
|---|---|---|---|
| Banks frequently breach appetite for top op risks | Op Risk Benchmarking: Five G-Sibs breached appetite in past year across four risk types, new research reveals |
https://www.risk.net/risk-management/operational-risk/7957290/banks-frequently-… | |
| Citi cyber chief says AI providing new weapons in hacking wars | Barron-DiCamillo also urges regulators to work with industry best practice, not against it |
https://www.risk.net/risk-management/7957298/citi-cyber-chief-says-ai-providing… | |
| Risk analytics are key to banks’ digital transformation | Market volatility and external influences are changing the way banks manage risk. SAS Australia explores how adopting digital transformation, alongside a dynamic and agile analytics-first approach, can provide banks with real-time data for identifying risks, making better business decisions, future-proofing businesses and offering a competitive advantage |
https://www.risk.net/insight/risk-management/7957280/risk-analytics-are-key-to-… | |
| Clients versus compliance: banks hung up over WhatsApp fines | Most opt for outright ban, but some seek technological solutions to monitor private messaging |
https://www.risk.net/risk-management/7957260/clients-versus-compliance-banks-hu… | |
| Trading risks and a spotlight on XVA | Panellists at Risk Live Europe 2023 discussed the usefulness, limitations and outlook for valuation adjustments |
https://www.risk.net/insight/investing/7957226/trading-risks-and-a-spotlight-on… | |
| Banks’ internal watchdogs bark back at ChatGPT | Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches |
https://www.risk.net/risk-management/7957214/banks-internal-watchdogs-bark-back… | |
| Banks' internal watchdogs bark back at ChatGPT | Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches |
https://www.risk.net/risk-management/7957214/banks-internal-watchdogs-bark-back… | |
| Risk Technology Awards 2023: Bank runs become sprints | The abrupt collapse of SVB is changing what banks want from ALM software |
https://www.risk.net/risk-management/7957199/risk-technology-awards-2023-bank-r… | |
| Banks begin tackling climate stress tests of trading books | Market risk professionals see major shortcomings in available scenarios |
https://www.risk.net/risk-management/7957193/banks-begin-tackling-climate-stres… | |
| Billions in index CDSs remain at ICEU as clearing shutdown looms | Osttra has migrated 77% of index OI, but the rest is mostly held by clients outside its network |
https://www.risk.net/risk-management/7957184/billions-in-index-cdss-remain-at-i… |
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