RISK INTELLIGENCE: HOW LESSONS FROM FOLKTALES/FABLES CONTRIBUTE TO THE IMPLEMENTATION OF RISK MANAGEMENT IN BANKS

Risk Governance & Control: Financial Markets & Institutions

Sivave Mashingaidze¹ 

关键词: Risk Intelligence;    Risk Management;    Folktales;    Fables;   

DOI  :  10.22495/rgcv5i4art2

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

The objective of this article is to outline credit risk in banks and how fables/folktales can provide with life lessons to implement risk management systems that should act as a stop-gate measure.Banking institutions need to show how proactively managing risk becomes a cornerstone to explore opportunities, rather than simply avoiding dynamites. Risk Intelligence gives companies the confidence to harness risk to explore new opportunities. Lessons were provided from folktales/fables from the animal kingdom.The article adopted a literature review methodology and the results were that, for a business to be successful the medicine does not lie in the policies but the therapy lies in the spirit of oneness in the banks from top management down to the shop floor employee in the branch.By working together the banks can afford to curb credit risks.

【 授权许可】

CC BY-NC