Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 18

Definitions of different types and clusters of risk are in use in financial institutions across the globe. Some of the risk types are standardised, with clear definitions by regulators; other risk types are not always clearly defined. The understanding and research of risks, root causes and effects gradually evolve. Laws, regulations and regulating authorities integrate, extend and adjust this knowledge, mostly driven by events and scandals. Therefore, we will take a look at the history of the development of non-financial risk here, and analyse commonalities and differences in regulatory definitions of risk types – with a focus on definitions around non-financial risks.