1. Identify and explain the alternative types of financial risks to which both banks and corporates are exposed.
2. Critique the following statement
Normal distributions are not be appropriate for measuring the distribution of future price movements of commodities, interest rates, foreign exchange price changes and expected losses arising from credit risk and operational risk.
1. In relation to a company's risk culture:
a) What is a firm's risk culture?
b) identify and explain the components of a firm's risk culture?
c) Discuss the role of risk culture as part of a firm's risk management framework?