effects might rating agencies have on Risk Management questions, business and finance homework help

Question 1

We live in an environment of increased accountability due to historical financial crises.

• What possible effects might rating agencies, regulators, and government officials have on risk management in the next 10 years?
• How might boards and senior executives be affected by these changes in risk management?

Question 2

How would you describe the risk management process? How would the risk management process be different and what parts are the same when evaluating people risks, financial risks, and operational risks?

Question 3

Banks employ various techniques to safeguard against operational risks such as bank robberies and white-collar crimes. What other operational risks must banks guard against? How do banks guard against these risks?