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What is Risk

Risk is something that every business has to take to move forward.
Without risk there is no opportunity and the saying “You have to risk it, to get the biscuit!” holds very true to this day.
However, with most businesses taking some type of risk every single day, it needs to be asked what risk exactly is.
According to ISO 310000, "risk" defined as the impact of uncertainty on specific objectives. 3
 
 

Supply Chain Risk Categories

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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

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Process Risks

Risks within a companies own Supply Chain and the Processes within this Supply Chain 4, pp.24ff
 

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Control Risks

Misapplicatoin of rules controlling supply chain processes e.g. order quantities. 18, pp.10-11

 

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Demand Risks

The uncertainty of Product Demand is universal challenge for all companies in all fields of business. 4, pp.26ff

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Natural Risks

Risks arising from uncontrollable natural events, e.g. earthquakes or weather-related disaster. 18, pp.11-13; 20, p.5

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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
Clearing members welcome LME default fund cap

But 2022 nickel crisis still makes hedge funds doubt banks would foot the bill for default at all

https://www.risk.net/risk-management/7961152/clearing-members-welcome-lme-defau…
Shaking things up: geopolitics and the euro credit risk measure

Gravitational model offers novel way of assessing national and regional risks in new world order

https://www.risk.net/comment/7961145/shaking-things-up-geopolitics-and-the-euro…
Crypto custody a bit(coin) closer after US accounting U-turn

Federal banking supervisors expected to eventually relax regimes for safeguarding digital assets

https://www.risk.net/risk-management/7961143/crypto-custody-a-bitcoin-closer-af…
EU racing to comply with active account rules

Industry wants simpler route to exemptions ahead of ‘challenging’ deadline for new clearing regime

https://www.risk.net/risk-management/7961139/eu-racing-to-comply-with-active-ac…
Banks urged to track vendor AI use, before it’s too late

Veteran third-party risk manager says contract terms and exit plans are crucial safeguards

https://www.risk.net/risk-management/7961124/banks-urged-to-track-vendor-ai-use…
JSCC plans to open JGB clearing to foreign investors

Clearing house aims to boost cleared market liquidity in Japanese government bonds

https://www.risk.net/risk-management/7961128/jscc-plans-to-open-jgb-clearing-to…
Large banks safer for CCPs than they get credit for

Plentiful pre-positioned liquidity softens the blow of resolution, new research argues

https://www.risk.net/regulation/7961099/large-banks-safer-for-ccps-than-they-ge…
JP Morgan, Eurex push for DLT-driven collateral management

High-stakes project could be a litmus test for the use of blockchain technology in capital markets

https://www.risk.net/risk-management/7961105/jp-morgan-eurex-push-for-dlt-drive…
Start planning for post-quantum risks now

Next-gen quantum computers will require all financial firms to replace the cryptography that underpins cyber defences, writes fintech expert

https://www.risk.net/comment/7961102/start-planning-for-post-quantum-risks-now
US Treasury clearing mandate poses riddle for Asian markets

Participants unclear on how far the rules will reach, or the role of inter-affiliate exemptions

https://www.risk.net/risk-management/7961096/us-treasury-clearing-mandate-poses…