Response to risks usually takes one of the following forms:

Risk assessment is a quantifiable problem-solving approach that uses various tools of assessment to work out and rank risks for the purpose of assessing and resolving them.

Risk identification involves __________. A business gathers its employees together so that they can review all the various sources of risk. The next step is to arrange all the identified risks in order of priority.

What is the name of this diagram?

Risk can be defined as the combination of the probability of an event occurring and the consequences of that event do occur. This gives us a simple formula to measure the level of risk in any situation:

Risk control is the set of methods by which gets evaluated potential losses and actions are taken to eliminate completely such threats.

What are the types of Risk Control?

Loss Prevention is one of the Risk Control techniques that is used to avert a risk entirely and if implemented successfully, then there is almost zero chance of incurring losses due to that particular risk.

Loss Reduction is one of the Risk Control techniques that accepts both the risk and the loss that might occur because of it. It simply attempts to minimize the losses in case the risk event occurs.

This control technique is used to avert a risk entirely and if implemented successfully, then there is almost zero chance of incurring losses due to that particular risk.

This control technique involves the spreading of key assets. In this way, it ensures that if some catastrophic event takes place at one location, not all assets will be impacted simultaneously.

Financial risk is the possibility of losing money on an investment or business venture. Some more common and distinct financial risks include:

Market risk involves the risk of changing conditions in the specific marketplace in which a company competes for business.

Operational risks refer to the various risks that can arise from a company's ordinary business activities.

The most common methods that investment professionals use to analyze risks associated with long-term investments include:

In order to prevent and mitigate global Risks of Money Laundering, Terrorism Financing, and Financing of the Proliferation of mass-destruction weapons we have implemented a set of measures to control, monitor, and report operations with third parties. Such measures are commonly known in Colombia as: