Assume you are a risk manager who has recently been appointed by a large US-owned

QUESTION ONE

Discuss the main components that are likely to be included in the risk management system. You should explain what each element or component is and how each relates to the other elements or components that comprise the system. (20 Marks)

QUESTION TWO

Discuss the underlying rationale behind the philosophy of the enterprise wide risk management system (EWRMS) with particular emphasis on how this differs from a basic risk management system and the potential advantages it may offer Bubbles PLC.

(20 Marks)