risk-typology

Learning objectives: Explain the concept of risk and compare risk management with risk taking. Describe elements, or building blocks, of the risk management process and identify problems and challenges that can arise in the risk management process. Evaluate and apply tools and procedures used to...

There is no official risk typology. The current FRM syllabus (2018-19) assigns Crouhy's Essentials of Risk Management which contains a Typology of Risk Exposures in Appendix 1.1 but it is incomplete and somewhat informed by early Basel regulations; e.g., financial risks consists of market risk...