Risk office

A bank’s own department with the purpose of obtaining all information necessary for risk management. The risk office is also responsible for working through plans for events that lie outside the range of statistical probability but ensure the survival of the institution. – See compartmentalization, contingency plan, minimum monitoring requirements, liability management, risk-return principle, risk, risk culture, risk management, risk buffer, risk transparency, risk assumption principle, scenarios, exceptional, uncertainty, value at risk, loss event. – Cf. BaFin Annual Report 2004, p. 88 ff (various risk models in practice; backtesting results) and the respective BaFin Annual Report.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
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