
Event
March 9, 2023
Join us at the New Generation Operational Risk Europe Summit
Risk is the effect of uncertainty on objectives. Often when there is risk, there can be both a positive and a negative outcome to a particular situation. However, because of the nature of non-financial risk management (NFRM), risk in this context usually has no potential positive outcomes and the focus is on potential negative outcomes. In contrast, in both credit and market risk, there is potential for both gain as well as loss.