Define What You Perceive as the Largest Risks Facing the International Banking System?Payal Chadha*
Swiss Management Center University Zug, Kuwait
- *Corresponding Author:
- Chadha P
Swiss Management Center University Zug
E-mail: [email protected]
Received date: May 10, 2016; Accepted date: May 31, 2016; Published date: June 01, 2016
Citation: Chadha P (2016) Define What You Perceive as the Largest Risks Facing the International Banking System? Int J Account Res 4: 133. doi:10.4172/2472-114X.1000133
Copyright: © 2016 Chadha P. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Risk management is an activity, which incorporates acceptance of risk, risk assessment, developing strategies to manage it, and easing of risk. Several traditional risk managements are focused on risks arising from physical or legal causes (e.g. natural disasters or fires, accidents, death). Financial risk management focuses on risks that can be managed using traded financial mechanisms. The purpose of risk management is to reduce different risks to an acceptable level. The paper describes the risks international banking system faces in the current times and recommends alternatives to mitigate these.