1. Identify the risk warning signs from the perspective of General Risk Management
How can the bank shield itself against cyber-crimes?
What factors should a bank look for before sanctioning a residential mortgage?
There are a number of risk warning signs that can be identified from the perspective of general risk management. These warning signs include:
1) A sudden increase in the number of customer complaints or enquiries.
2) A sharp increase in the number of staff absences or turnover.
3) A significant decrease in the quality of work or service being provided.
4) A sudden increase in the number of errors or mistakes being made.
5) A sudden increase in the number of financial losses or write-offs.
6) A significant increase in the amount of debt or borrowing.
7) A sudden decrease in the level of cash flow or liqui
Looking for a similar assignment?
Let Us write for you! We offer custom paper writing services
8) A sudden increase in the level of customer attrition or churn.
9) A significant deterioration in the quality of customer relationships.
10) A sudden increase in the number of regulatory or compliance breaches.
2. How can the bank shield itself against cyber-crimes?
There are a number of ways in which a bank can shield itself against cyber-crimes. These include:
1) Implementing strong cyber security measures and protocols.
2) Educating staff on cyber security risks and best practices.
3) regular monitoring of systems and networks for signs of intrusion or attack.
4) Promptly reporting any incidents of cybercrime to the relevant authorities.
5) Working with trusted partners to investigate and resolve any incidents of cybercrime.
3. What factors should a bank look for before sanctioning a residential mortgage?
When considering sanctioning a residential mortgage, banks should look for a number of factors including:
1) The borrower’s credit history and score.
2) The borrower’s employment history and income.
3) The value of the property being mortgaged.
4) The loan-to-value ratio of the mortgage.
5) The repayment history of similar loans.
6) The borrower’s current financial situation.
7) The borrower’s ability to repay the loan.
8) The security of the property being mortgaged.
9) The risks associated with the property being mortgaged.