Question 1

What are the 7 core risks in banking?

Accepted Answer

The seven core risks in banking are credit risk, market risk, operational risk, liquidity risk, compliance and regulatory risk, reputational risk, and strategic risk. These represent the key vulnerabilities banks must monitor to maintain financial stability.

Question 2

What are the 4 types of risk management?

Accepted Answer

The four main types are risk avoidance, risk reduction, risk transfer, and risk acceptance. Each approach helps organisations handle threats based on their severity and likelihood.

Question 3

What are the 5 stages of risk management?

Accepted Answer

The five stages are risk identification, risk assessment, risk mitigation, monitoring, and reviewing. This cycle ensures risks are continuously managed and adjusted over time.

Question 4

What are the three types of risk in banking?

Accepted Answer

The three major types are credit risk, market risk, and operational risk. These cover the most significant financial and internal threats banks face.

Question 5

What are the 7 types of risk management?

Accepted Answer

Seven types include strategic, financial, operational, compliance, reputational, cybersecurity, and macroeconomic risk management. Each targets a specific domain of potential disruption.

Question 6

What is risk management in banks?

Accepted Answer

Risk management in banks is the systematic process of identifying, assessing, and mitigating risks that could impact their operations or financial health. It ensures banks remain stable, compliant, and resilient in a volatile financial environment.

Banking & Bank Risk Management — Online Class

Follow this organizer to stay informed on future events

Security Risk Management Online Course

Compliance & Business Risk Management Online course

Anti Money Laundering, Know Your Client and Risk Management Online Course

Certificate in Security and Risk Management Online Course

Risk Management Online Course

Construction Risk Management Online Course

Banking & Bank Risk Management — Online Class

Follow this organizer to stay informed on future events

Events you might like

Security Risk Management Online CourseSecurity Risk Management Online Course

Compliance & Business Risk Management Online courseCompliance & Business Risk Management Online course

Anti Money Laundering, Know Your Client and Risk Management Online CourseAnti Money Laundering, Know Your Client and Risk Management Online Course

Certificate in Security and Risk Management Online CourseCertificate in Security and Risk Management Online Course

Risk Management Online CourseRisk Management Online Course