Managing non-financial risks : a new focus area for executive and non-executive board members/ created by Thomas Kaiser
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- unmediated
- volume
- 17528887
- HD61.J687 JOU
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Main Library - Special Collections | HD61.J687 JOU (Browse shelf(Opens below)) | Vol. 9, no.1 (pages 53-58) | Not for loan | For in house use only |
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Non-financial risks have led to severe losses over the past decades, which demonstrates the need for banks to re-evaluate their risk management frameworks. This paper discusses key features of non-financial risks — contrasted with more familiar financial risks — and the level of preparedness of banks to effectively deal with them. Suggested approaches to deal with non-financial risks from a governance, methodology and process perspective are discussed.
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