Washington Mutual, was a US bank which went bankrupt at the end of 2008 due to a number of risk management issues. Read the case noted and answer the following questions: A. Develop a risk management programme appropriate for this case (see below risk management template) Step 1 Risks Brief description & how it relates to the case Step 2 List of possible risks Likelihood/Probability of occurrence H/M/L or Nil Impact (if occurred) H/M/L or Nil What is being done about it now What more can be done about it Dept. where risk exposure exists Step 3 Risk identified Impact (if occurred) H/M/L Probability of occurrence H/M/L Dept. where risk exposure exists Control (Strategy) Review date Step 4 Dept. where risk exposure exists Risk/Issue Recommended Actions Risk Rating H/M/L Responsible Person Monitoring Frequency
Washington Mutual, was a US bank which went bankrupt at the end of 2008 due to a number of risk management issues. Read the case noted and answer the following questions:
A. Develop a risk management programme appropriate for this case (see below risk management template)
Step 1
|
Risks |
Brief description & how it relates to the case |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 2
|
List of possible risks |
Likelihood/Probability of occurrence H/M/L or Nil |
Impact (if occurred) H/M/L or Nil |
What is being done about it now |
What more can be done about it |
Dept. where risk exposure exists |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 3
|
Risk identified |
Impact (if occurred) H/M/L |
Probability of occurrence H/M/L |
Dept. where risk exposure exists |
Control (Strategy) |
Review date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step 4
|
Dept. where risk exposure exists |
Risk/Issue |
Recommended Actions |
Risk Rating H/M/L |
Responsible Person |
Monitoring Frequency |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Step by step
Solved in 2 steps
