Macquarie Bank relies upon its online trading platforms and communication systems to execute trades and maintain communication with customers.
(a) What category of risk best defines this type of risk exposure?
(b) Within the context of internal and external risk management, briefly discuss how the bank may consider managing this risk exposure. (LO 18.2)
Risk management is important to the long-term survival of a corporation.
(a) Define and explain the nature of risk.
(b) What is the purpose of risk management?
(c) Discuss who is responsible for the establishment of risk management objectives, policies, procedures and strategies in a corporation.