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:
Economic, political and social factors.
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.
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.
The risk of loss resulting from changes in the Bank's ability to sell or dispose of the asset.
The risk of direct or indirect losses resulting from inadequate internal processes, persons, systems or external events.
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.
The risk of loss resulting from failure to comply with regulatory or legal requirements in the relevant jurisdictions where the Establishment operates.