Gfc Iso31000:2009

Part A Table of content Introduction 1. Operational risk, source risk and general risk: concepts 1.1 Operational risk 1.2 Credit risk 1.3 Systemic risk 2. Operational risk, recognition risk and transcriptionic risk: the relationship 2.1 The History of Lehman Brothers 2.2 Lehman Brothers: Operational risk, credit risk and systemic risk 3. the institution, the compliance and the framework 3.1 governance and compliance 3.2 The framework of governance and compliance 4. ISO31000:2009 new global standard Conclusion Reference Introduction On September 14, 2008, enthronization situate Lehman Brothers announced that it would file for liquidation after huge losings in the mortgage market and a loss of investor authority crippled it and it was unable to find a buyer. With $639 billion dollars in assets and $619 billion dollars in debt, the investment bank bankruptcy file was the largest in history. Its collapse sent global financial markets into a scare and brought credit markets global word to the edge of a collapse. In those days, the financial sector, the Federal Reserve board and the realism governments are starting to reduce multi-trillion dollars efforts to keep the financial system out of the collapsed.

Wall Streets remaining investment banks sold themselves to bigger entities or converted into bank prop companies to secure federal protection. Rising unemployment as the recession that had begun in late 2007 turned into the steepest downturn since the Great Depression. The Global pecuniary Crisis once again reminded that the risk is inescapable and on the bon ton and economy will have huge enormous influence, eventide though we had some technically excellent risk guidance systems. Risk is not easy to control and management, even though we could predicted the risk. Maybe we could mitigate the risk from financial crisis, but we couldnt exterminate the risk. As the acknowledgment by many countries of ISO31000:2009 as the new... If you want to get a full essay, order it on our website: Ordercustompaper.com

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