Discuss a current global risk management issue, which can be a financial or non-financial realted issue. The suggested lenght is XXXXXXXXXXwords. To give a background of what this paper/essay is for....

Current Global Risk Management
Introduction
The prevailing turbulent conditions in the market like business volatility, lack of liquidity in
financial markets, economic downturn in world economy is raising the importance of risk
management. The systematic risk confronted by the international financial system posed by these
and other development has considerably increased the demand located on regulators and risk
managers. Each and every organization is having Chief Risk Officer or similar senior level
executive who is responsible for the assessment and management of risk across their
organization. The board of directors of many companies is liable for the complete responsibility
for the oversight of risk management.
Risk Management
Risk Management at present is being verified by extraordinary disorder in the financial market
including depressed prices of assets, reduction in liquidity of markets and contraction in credit
markets. The change in market place has influenced every section of financial services industry
including banks, insurance companies and asset management firms. It is expected from top
management to be dynamically tangled in understanding of risks within the organization,
approving risk appetite of organization and tolerance and giving higher oversight over decision
making in business and attention to relevant risk management issues. Risk Management was
considered as the...