How do we prevent financial crime and how does that relate to prudential risks?

Measuring risk is a step in the right direction

The traditional types of risk such as credit and market risk are about losses and are able to be quantified. It may not always be easy to mitigate risk, but the first step is to gather data and make calculations that provide a basis for decisions about whether any given business is worth doing.

But, while measuring risk is the first step to managing it, it is not sufficient. We must also learn how to govern it. Download the article for further reading.  

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