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 |
|---|---|---|---|
| Hurdles to cross-border data sharing impede AML fight | Expansion of national initiatives is hampered by data-privacy and information-security fears |
https://www.risk.net/risk-management/7956422/hurdles-to-cross-border-data-shari… | |
| Why US bank regulation needs a system upgrade | SVB collapse shows supervisory framework is not fit for a changing industry and new systemic risks |
https://www.risk.net/comment/7956423/why-us-bank-regulation-needs-a-system-upgr… | |
| After a hack, loose lips won’t sink chips | Ion Group is the latest ransomware victim to stay mum about how it was compromised. No-one benefits from this code of silence |
https://www.risk.net/our-take/7956426/after-a-hack-loose-lips-wont-sink-chips | |
| The carbon equivalence principle: methods for project finance | A method to price the environmental impact of financial products is proposed |
https://www.risk.net/cutting-edge/7956405/the-carbon-equivalence-principle-meth… | |
| ERM reboot: how leading insurers are turning risk decisioning into strategic advantage | An expert discussion exploring how leading insurers are adapting ERM systems in support of a wider range of opportunities, helping to avoid losses, navigate unstable markets and maintain a strong reputation |
https://www.risk.net/risk-management/asset-liability-management/7956517/erm-reb… | |
| Liquidity risk learnings in the banking industry | Sidhartha Dash, chief researcher at Chartis Research (part of Risk.net's digital network), talks to Steve Pemberton, chief executive of Coherent Europe, about the dynamics and challenges surrounding liquidity risk in the banking industry |
https://www.risk.net/insight/technology-and-data/7956399/liquidity-risk-learnin… | |
| Investing in operational readiness to optimise FRTB capital | A forum of industry experts discusses the implementation of FRTB, the burden of investment into data and infrastructure for FRTB compliance, the considerations for banks in using the standardised approach (SA) and the internal model approach (IMA) |
https://www.risk.net/insight/investing/7956350/investing-in-operational-readine… | |
| Top 10 operational risks: The umpire strikes back | Tougher regulatory enforcement, new consumer rules and rise of ESG are ringing alarm bells |
https://www.risk.net/risk-management/7956336/top-10-operational-risks-the-umpir… | |
| Ion wasn’t deemed a ‘critical’ vendor by most clients | Software firm escaped heavy scrutiny ahead of cyber attack, says US Treasury official |
https://www.risk.net/risk-management/7956346/ion-wasnt-deemed-a-critical-vendor… | |
| Op risk data: Stanford fraud haunts banks for billions | Also: Helaba’s crank capital relief; TSE stock price sanction; 1MDB mauls Mudabala. Data by ORX News |
https://www.risk.net/risk-management/7956311/op-risk-data-stanford-fraud-haunts… |
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