Financial Risk Manager Part 1
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A lecturer is organizing a seminar aimed at undergraduate students, focusing on the different types of risks that banks face. This event is part of a broader financial career initiative designed to underscore the variety of potential risks in the banking sector, the importance of understanding and managing these risks, and to inspire students to pursue careers in financial risk management. Out of the provided definitions related to different banking risks, which one should be excluded from the seminar?
A lecturer is organizing a seminar aimed at undergraduate students, focusing on the different types of risks that banks face. This event is part of a broader financial career initiative designed to underscore the variety of potential risks in the banking sector, the importance of understanding and managing these risks, and to inspire students to pursue careers in financial risk management. Out of the provided definitions related to different banking risks, which one should be excluded from the seminar?
Explanation:
Explanation: D is correct. Strategic risk is not part of operational risk and this incorrect definition should be excluded from the lecture. A is incorrect. It gives the definition of the credit risk and should be included in the lecture. B is incorrect. It gives the definition of the market risk and should be included in the lecture. C is incorrect. It gives the correct definition of the operational risk and should be included in the lecture.