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 |
|---|---|---|---|
| Inflation scenarios, pt II: end of the party | Whether inflation rises or falls, crowd-sourced scenarios forecast huge range of outcomes |
https://www.risk.net/risk-management/7948611/inflation-scenarios-pt-ii-end-of-t… | |
| OCC sees sharp drop in ransomware attacks on US banks | OpRisk North America: drop-off confounds expectations and mystifies regulators |
https://www.risk.net/risk-management/7948986/occ-sees-sharp-drop-in-ransomware-… | |
| Emir data may have exposed Archegos, but not in real time | Entity-level reports were limited to supervisors, leaving counterparty banks in the dark |
https://www.risk.net/risk-management/7948976/emir-data-may-have-exposed-archego… | |
| Fed hiring more staff to examine cloud providers | OpRisk North America: regulator wants to put more “boots on the ground” at firms such as Amazon, Google and Microsoft |
https://www.risk.net/risk-management/7948896/fed-hiring-more-staff-to-examine-c… | |
| JP Morgan appoints new head of derivatives clearing | Richardson promoted to top job as Rustad takes leave of absence |
https://www.risk.net/people/7946406/jp-morgan-appoints-new-head-of-derivatives-… | |
| Op risk data: Deutsche greenwashing fine a regulatory red flag | Also: Class claim costs CA tribe $500m; Essilor eyeballs JPM in fraud case; Bank of Italy con job. Data by ORX News |
https://www.risk.net/comment/7948521/op-risk-data-deutsche-greenwashing-fine-a-… | |
| Ukraine crisis ‘made VM three times IM’ on CME commodities | Isda AGM: Margins spiked in April following rises in oil, gas and wheat prices triggered by Russia’s Ukraine invasion |
https://www.risk.net/risk-management/7948631/ukraine-crisis-made-vm-three-times… | |
| CME chief’s arguments at FTX hearing raise eyebrows | Terry Duffy’s criticism of exchange’s direct clearing proposal revives debate over ‘skin in the game’ |
https://www.risk.net/derivatives/7948566/cme-chiefs-arguments-at-ftx-hearing-ra… | |
| As geopolitical risk spikes, a major index gets a revamp | Geovol risk gauge built by Nobel laureate Robert Engle to become Global Covol |
https://www.risk.net/risk-management/7948236/as-geopolitical-risk-spikes-a-majo… | |
| Conduct risk: be proactive, stay ahead | As concerns around conduct risk abound, firms need to arm up and tighten surveillance to stay ahead. Lee Garf, general manager at NICE Actimize, explains why market abuse remains the biggest risk to financial markets firms today |
https://www.risk.net/market-access/risk-management/7948496/conduct-risk-be-proa… |
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