Objectives of risk management activities

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-You are working in the financial markets business of an Australian Commercial bank. You have been asked to consider the context and roles of the risk management process. You recall from your Reference notes the context for risk management may include:

-The goals and objectives of your risk management activities

-Responsibilities for and within the risk management activities

-The scope of the risk management activities to be carried out, including specific inclusions and specific exclusions

-Risk assessment methodologies

-How performance and effectiveness are evaluated in risk management.The roles in risk management you know are framed by the three lines of defence. Using the point "Risk assessment methodologies " assess the role each line of defence should have in relation to that context point, using examples to back up your argument.

Reference no: EM133072401

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