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What is Risk Mitigation and who will involve in Risk
mitigation plan?
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Answer Posted / mathew m mathew
In Simple definition , Mitigation should provide a result or solution to the exisitng problem/risks
Eg:
Suppose Governemnt plans to have new norms to banks, say basel 11 norms which will analyse the risk taking care during bank laons.Hence bank should think of Risk Management, Risk Measurement and Risk Mitigation.
Mitigation should provide a solution for possible credit risks, market risk at each time bank identifies a risk.
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