BUSN (with  MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
11th Edition
ISBN: 9781337407120
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
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Chapter 13, Problem 5LO
Summary Introduction

To discuss: Pricing strategies and objectives.

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Citibank is a US Bank which lost US$500 million due to human error in August 2020. Read the case noted in the link below, and answer the following questions:  https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/ Develop a risk management programme appropriate for this case (use attached template) Explain how compliance to this risk management programme can prevent the operation risk issue experienced by      Citibank. Discuss the importance of an internal risk assessment and auditing process in relation to this case Step 1 Risks Brief description & how it relates to the case         Step 2   List of possible risks Likelihood/Probability of occurrenceH/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 occurrenceH/M/L Dept. where risk…

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BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)

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