Posted 03 Apr, 2019 | Finance
What is risk management failure?Add Answer
1. Risk ignorance
2. Insufficient capital
3. Model errors
4. Agency risks
5. Management failure
6. Communication failure
7. Monitoring failure
8. Mis-measurement of risk
Looking at the above factors we can say that operators and operational failure are the two main groups in which risk management failures may fall.
Here are some ways by which this issue may be resolved -
1. Taking care of the governance of the organisation.
2. Decreasing the reckless risk taking.
3. Solving the problem of barriers in communication.