List three control risk of ANZ, explain why, state in detail.

Expert Solution

Answer-

Three control risk of ANZ are

1) Market Risk
2) Credit Risk
3) Operational Risk
4) Strategy and Business risk

1) Market Risk-

On the basis of Value of Risk (VAR), ANZ is comparatively better placed than the other major Australian banks with lowest trading risk profile.
VAR Limits are monitored daily by the independent Market Risk Unit and investigated and appropriate action is taken and reported to the Credit & Trading Committee.
VAR accumulated at higher levels takes into account correlation and diversification effects across portfolios.

2) Credit Risk

The risk arises due to default of loans taken by customers.

Larger loans disbursal requires good judgement, rating tools which can assess risk and dual approval process.

3) Operational risks

Some risk arise due to failed internal processes, people and systems and external events.

These risks can be classified as risks by Disasters like Earthquakes, Storms and fire and Pandemics, Regulatory breaches, Regulatory breaches, War and Political unrest and Litigation.

4) Strategy and Business risk

The loss happens due to wrong strategy adopted in business

Business Risk is the risk that arises due to lost in value through the selection of specific business directions or due to changes in the group’s overall business model.

jeff jeffy answered 1 year ago

List two specific audit procedures of ANZ, and explain in detail.

Principles of Information Security Using nothing less than 1000 words explain in detail risk control. List...

Principles of Information Security Using nothing less than 1000 words explain in detail risk control. List and describe the five selecting control strategies for controlling risk.

What are three control Risk associated with auditing a Company and for each control risk include:...

What are three control Risk associated with auditing a Company and for each control risk include: Identify the control risk Describe the factors that led you to identify the control risk Explain why you feel it is a key control risk Describe what testing you would plan to do to address the control risk

Explain the each of the Risk Control methods.

Corporate Governance List and describe in detail three reasons why a company would want to engage...

Corporate Governance List and describe in detail three reasons why a company would want to engage in a robust corporate social responsibility plan. How does retrograde analysis help a company determine how it will engage in corporate social responsibility? Scalability is often noted as the biggest opportunity in the market. Describe in detail two ways that a company can scale up its corporate social responsibility efforts – and to what end they would attempt to scale up such efforts.

Audit risk is a function of inherent risk, control risk and detection risk. Explain Audit risk....

Audit risk is a function of inherent risk, control risk and detection risk. Explain Audit risk. Describe the relationships between all risks and their components?

explain in detail the concept of risk and its importance how risk in the valuation of...

explain in detail the concept of risk and its importance how risk in the valuation of financial instruments

If the activity presents an internal control risk, identify the control that is missing and explain...

If the activity presents an internal control risk, identify the control that is missing and explain why. If the activity does not present an internal control risk, identify the control that is being properly used and explain why. (Physical controls, Assignment of responsibilities, Separation of duties, Independent verification,Documentation) 1.The company's buyers are responsible for ordering furniture, receiving orders in the warehouse and paying suppliers. 2.When employees at the store check-in at the store's POS system, they need to enter the...

11. List and explain three real nursing diagnoses and one at risk, that can be used...

11. List and explain three real nursing diagnoses and one at risk, that can be used with the client-family facing the process of loss and grief. 12. Indicate at least 5 nursing interventions for each of the diagnoses listed in the previous question

explain why the three (or four) part state tax formula is fair

Question