Risk management

How does effective risk management help in cost savings?

• By streamlining operations and minimizing disruptions.

• By reducing expenses related to loss events, legal fees, and insurance premiums.

• By adhering to regulatory requirements.

• By identifying potential risks and implementing measures to mitigate them.

What does regular monitoring and reporting of credit risk exposures help prevent?

• Emerging risks

• Operational losses

• Bad debts

• Financial instability

How does risk management contribute to business continuity?

• Ensures customer satisfaction

• Reduces market competition

• Maintains market position

• Allows continuous operations

Why is regulatory compliance important in risk management?

• It streamlines operations and minimizes disruptions.

• It ensures adherence to legal requirements.

• It reduces expenses related to loss events.

• It helps in identifying potential risks.

What is the linear value of risk management?

• Regulatory compliance

• Improved decision-making

• Cost savings

• Operational efficiency

What does risk management help in safeguarding?

• Physical assets

• Financial resources

• Human resources

• Market position

What is one of the benefits of operational efficiency through risk management?

• Adherence to regulatory requirements.

• Improved productivity and resource utilization.

• Minimizing disruptions and ensuring smooth functioning.

• Decreased legal fees.