How much do you know about risk management in financial services?
Find out how much you really know about financial services risk management with our quiz.
What were the top three risks in terms of likelihood that organisations were most concerned about in the World Economic Forum Global Risks Perception survey 2017-18?
Extreme weather events, natural disasters and cyber attacks
Terrorist attacks, cyber attacks and illicit trade
Extreme weather events, large scale involuntary migration, Data fraud
The risk management function in a bank or an insurance organization is typically regarded as the?
First line of defence
Second line of defence
Third line of defence
Disaster recovery planning, anti-virus software and credit monitoring are all examples of:
Control environments
Risk analysis techniques
Risk controls
Banks and insurance companies are required to disclose details of the capital requirements related to capital adequacy and risk exposure under which Pillar of Basel III/Solvency II?
Pillar I
Pillar II
Pillar III
What was the primary reason Lehman Brothers failed in 2008?
Internal fraud
Underestimating the risks of sub prime debt
Unauthorised trading
What measurement tool is commonly used by banks and insurance companies to monitor their exposure to risks?
Key risk indicators
Key control indicators
Risk measurement tools
Risk maturity describes?
The duration of a risk which impacts a bank or insurance organization
How well risk management activities have become embedded in a bank or insurance organization
The magnitude of the risk faced by a bank or an insurance organisation
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