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Risk and basic risk management framework
What is the primary definition of risk in the context of international banking?
Risk is the probability of an adverse outcome or loss arising from uncertainty in financial transactions, market movements, or counterparty behavior.
What is residual risk in the context of bank risk management?
Risk remaining after controls and mitigants have been applied.
What are the three broad categories of risk faced by banks in international operations?
The three broad categories are credit risk, market risk, and operational risk, collectively forming the foundation of Basel II and Basel III risk frameworks.
What is inherent risk in banking operations?
Risk existing before any controls or mitigants are applied.
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