“Yishun, formerly named as Nee Soon, is a residential town located in the northeastern corner of the North Region of Singapore, bordering Simpang and Sembawang to the north, Mandai to the west, the Central Water Catchment to its southwest, Ang Mo Kio to its south, as well as Seletar and Sengkang to its east.”
Call now 6223 1788 or walk into 10 Anson Road, #01-15 Tanjong Pagar, Singapore 079903.
Managing Risk in Financial Business.
Risk Management is a great topic in the financial business. Rapid changes in business condition, restructuring of organizations to cope with ever-increasing competition, development of new products, emerging markets and increase in cross border transactions along with the complexity of operations have exposed Financial Institutions to new risk dimensions. Thus the concept of risk has captured growing importance in modern financial society.
Types of Risks:
Risks are usually defined by the adverse impact on the profitability of several distinct sources of uncertainty. More or less all financial institutions have to manage the following faces of risks: Broadly speaking there are four risks as per Risk Management Guidelines which surround the Financial Sector, i.e. Credit Risk, Market Risk, Liquidity Risk, and Operational Risk. These risks are elaborated here under:
i. Credit Risk
This is the risk incurred in the case of a counterparty default. It arises from lending activities, investing activities and from buying and selling financial assets on behalf of others. This risk is associated with financing transactions
It is the most critical risk in banking and one that must be managed carefully. It is also the risk that requires the most subjective judgment despite constant efforts to improve and quantify the credit decision process.
At QuickLoan Pte Ltd, we provide a range of loan services to bring you quick and simple loan application. Whether it’s to support your education, medical or traveling funds, our loans can finance any lifestyle and life stage. You won’t have to fret about using up all of your savings.
To find us:
Phone: 6223 1788
Office: International Plaza 10 Anson Road, #01-15 Tanjong Pagar, Singapore 079903