The British Academy for Training & Development provides a Course entitled "Risk Assessment and Necessary Precautions". This Course provides institutions with the guidelines that could be followed as reasonable and proper standards to assess risks. In addition, this Course includes a section for the general guidelines besides including four other sections related to each other. Such sections provide the participants with additional guidelines related to various categories of risk assessment.

The most significant risks to institutions:

Political Risks:
Economic, political and social factors.

Credit risks:
When customers will not settle a liability at their full value, either when it is due or at any other time thereafter.

Exchange Rate riskas:
Risk of loss resulting from factors such as negligence in managing assets on behalf of third parties.

Interest rate risk:
The risk that interest rate fluctuations may adversely affect the value of assets and liabilities or may affect the cash flows of interest.

Legal risks:
Risks that contracts are documented incorrectly, or to be legalized in a manner that is not legally consistent with enforceable laws in the relevant jurisdictions.
 
Liquidity risks:
The risk of loss resulting from changes in the Bank's ability to sell or dispose of the asset.

Operational risks:
The risk of direct or indirect losses resulting from inadequate internal processes, persons, systems or external events.

Price Risk:
Risk of loss resulting from adverse changes in market prices, including interest rates, Foreign exchange rates, Equity, and commodity prices and any other market price fluctuations.

Regulatory risks:
The risk of loss resulting from failure to comply with regulatory or legal requirements in the relevant jurisdictions where the Establishment operates.

Target Audience:

• Control and internal audit department staff.
• Financial directors.
• Legal advisors.
• Senior managerial positions staff.

Course Objectives:

• Providing participants with general and special guidelines related to the methods of risk assessment.
• Helping the concerned parties who work in institutions to adapt to the application of such general principles and guidelines.
• Application of risk assessment and taking the necessary precautions to avoid such risks as suitable for the conducted business in the institutions which will be sufficient to deal with the potential corruption risk that the institution may face in the future.
• Identifying the cost of risk assessment and the precautions to be taken in order to avoid the risk.
• Identifying risk assessment categories.

• Methods of risk assessment.
• Precautions to be taken for avoiding risks.
• Relationship between risks and the institution policies and procedures.
• Reasons for assessing risks and taking the necessary precautions.
• Methods of certification of risk assessment and necessary precautions.
• Methods of dealing with some risks resulting from corruption.
• The proper time to take the necessary precautions.
• Risk assessment categories.
• Risk assessment field work.