Examples of potential risks for a bank

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Reference no: EM132903344

The following are some examples of potential risks for a Bank. You are an expert in risk management and was employed by the Bank's top management to provide mitigation strategies and/or plans to reduce the impact of loss.

For each case, you may have various options, provide three plans to reduce the impact of loss per case.

1. The company is closed because of lockdown for 14 days, COVID-19 protocols due to ECQ.

2. A client claimed that her signature on the withdrawal slip for P500,000 was forged, demanded reimbursement from the Bank. The bank agreed for fear of bad publicity and tarnished image.

3. The server bogged down, the bank cannot go online leaving disgruntled clients waiting to be served.

4. Most employees undergoing a six-month company-provided training for officer position jump to the competitor bank a few months after completion of the training course.

Reference no: EM132903344

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