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When was Financial Risk Manager created?
Financial Risk Manager was created in 1997.
What is financial risk management?
Financial Risk Management is a process of evaluating and managing current and possible financial risk at a firm as a method of decreasing the firm's exposure to the risk. Financial risk managers must identify the risk, evaluate all possible remedies, and then implement the steps necessary to alleviate the risk. These risks are typically remedied by using certain financial instruments as a method of counteracting possible ramifications. Financial risk management cannot prevent a firm from all possible risks because some are unexpected and cannot be addressed quickly enough.
What are the names of some companies which specialize in financial risk management?
Many companies specialize in financial risk management. Some examples of companies that specialize in financial risk management include GARP, iBM, Cargill, and Aon.
What is the personal Financial Management?
Personal financial management means manage their own finance and meet their financial needs according to the requirement.
What are the disadvantages of financial risk?
acne
Do Bad debts in a business a speculative risk?
yes it is a speculative risk.
What type of risk is not insurable?
Speculative (dynamic) risk is a situation in which either profit OR loss ispossible The outcome of such speculative risk is either beneficial (profitable) or loss. Speculative risk is uninsurable. Hope i helped!
Differences between pure risk and speculative risk?
pure risk is the a situation in which there is a possibility of loss or no loss while speculative risk thereeither profit or loss
How are risk exposures classified?
I think its classified as either pure risk or speculative risk
How does risk management contribute to good governance?
Risk management, one of the principles of good governance, is the prediction and analysis of financial risks and the proper planning to avoid or minimize their impact. Essentially, a good government knows how to manage financial risk in order to prosper.
What is the difference between pure and speculative risk?
1. Pure Risk situations are those where there is a possibility of loss or no loss. There is no gain to the individual or the organization. WHERE AS Speculative Risks are those where there is a possibility of gain as well as loss. The element of gain is inherent or structured in such a situation. 2. Pure risks are generally insurable while the speculative ones are not. 3. The conceptual framework of the risk pooling can be applied to the pure risks, while in most of the cases of speculative risks where it is not possible. However, there may be some situation where the law of mathematical expectation might be useful. 4. Speculative risk carry some inherent advantages ti the economy or the society at large while pure risks like uninsured catastrophes may be highly damaging. 5. In pure risk, for example - a car meet with an accident or it may not meet with an accident. If the insurance policy is bought for the purpose, then if accident does not occur, there is no gain to the insured. Contrarily, if the accident occurs, the insurance company will indemnify the loss. In speculative risk, for example - if you invest in the stock market, you may either gain or lose on stocks.
Key activities of a financial manager?
A financial manager has three main duties. They are to manage the budget of the company, keep a report of all financial transactions and to manage the financial team.
Is commodities and futures are extremely speculative and carry a high risk?
yes. TRUE, YUP,
When was Financial Risk Manager created?
Financial Risk Manager was created in 1997.
How do businesses manage political risk internationally?
First the business has to identify the risk, then they must measure the potential impact of the risk. That will give the business what they need to manage international political risk.
Does Paula Deen manage her own finances or relegate to financial staff?
financial staff
How do you minimise financial risk?
The best way to minimize financial risk is to offset the risk with safe financial decisions. This is the strategy most investors make when they are building a portfolio, but you can do it in your personal life as well.
