Regulation of IT Risk
In order to regulate the IT risk, governments work to address threat to computer crime. For example, representatives of 29 countries - including Canada, Japan and the U.S. – signed the Council of Europe Cybercrime convention in 2001. The convention deals with substantive and procedural cybercrime law. The substantive defines the following activities as crimina
Please look at the attached excel file
“Asset&Liability Management” for specific ratios in the balance sheet and the income statement
HSBC credit risk has been lowered thanks to decreasing and restructuring customer loans
Assigning to inherent risk
Tracked by line management
Take no action or accept it
Record to the risk reward profile judgment
liabilities of HSBC. In 2006, before the crisis two thirds of the increases in the balance sheet were due to the trading assets. This was primarily driven by an increase in holdings of debt securities. HSBC’s operations in Europe, reported a rise in the credit risk arbitrage portfolio reflecting strong investor demand for commercial paper while, in Hong Kong, the increase was driven by the depl
Recent Situation
“ internal information security attacks are outgrowing external
attacks at the world’s largest financial institutions”
(The Global Security Survey): Only 20% of the respondents in security survey strongly
believed that Information security should be a CEO-level priority
Ernst and Young(2004)
2) IT liability risk management
: The corporations should install f
risk/ foreign exchange risk of the market risk.
The company operates primarily in Korean Won (KRW) and its official accounting records are maintained in Korean Won. The effect of foreign currency risk to net income is a sum of net foreign currency fluctuations of Korean Won against other foreign currency fluctuations. Foreign currency exposure to financial assets and liabilities of a 5% currency