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Pandemics, floods and other weather events
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- Non-financial risks include: Operational risk (Op risk). In case that Op risk is considered a part of NFR (and not as equivalent), Op risk summarizes e.g. those risks which can be quantified by the use of scenario models. Examples are pandemics, floods and other weather events.
en.wikipedia.org/wiki/Non-financial_risk
Sep 24, 2024 · Operational risk is a type of business risk, alongside strategic risk (failing to operate according to a plan), compliance risk (not adhering to laws and industry regulations), and...
- Troy Segal
- 1 min
Sep 9, 2024 · What is non-financial risk? Non-financial risk (NFR) works on an exclusionary basis; in that the term encompasses all of an organizations’ threat events except for those with a direct link to finances. Financial risks typically describe potential events where the primary impact is a loss of capital. For example:
Jul 1, 2023 · Non-financial risk is operational and strategic risk. These can be summarised as operational risk (including HR, culture & conduct, IT, data & cyber, business disruption, fraud, legal & compliance, assets, and infrastructure), and strategic risk.
Examples. Non-financial risks include: Operational risk (Op risk). In case that Op risk is considered a part of NFR (and not as equivalent), Op risk summarizes e.g. those risks which can be quantified by the use of scenario models. Examples are pandemics, floods and other weather events.
Oct 12, 2024 · There are various operational risk examples, such as human error, technological malfunctions, or even external events like natural disasters. These risks cannot be completely eliminated, but companies may take steps to lessen their effects and preserve operational stability. Common Operational Risks Examples.
Sep 8, 2023 · Operational risk is the threat of operational loss or organizational breakdown due to failed internal processes, human error, bad policies, system failures, or external events. Operational risk focuses on how you manage risk within the organization, even if the actual threat is external.
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Non-financial risks are all other forms of risk (including risks that a particular firm may face). Financial: Market value risk (interest rate risk, exchange prices, equity prices, commodity prices, etc.)
