What are cognitive biases that can affect senior management

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Reference no: EM13936502

1. Give an example that describes what situational risk management means.

2. What are the advantages and disadvantages of centralized versus decentralized risk management functions?

3. What other structure might address the problems noted in question 3?

4. What are common cognitive biases that can affect senior management at a financial institution? Provide examples of each.

5. What four qualities would you look for in establishing an effective risk management organization?

Reference no: EM13936502

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