The recent global financial crisis has had a severe impact on the global financial markets. This has led into much attention being shifted to embracing financial risk management by many organizations worldwide.

 

Required:

1) Explain the following types of risks in the context of global financial crisis.

1. 2) Foreign exchange risks                                                                                  
2. 3) Commodity risk                                                                                            
3. 4) Credit risk                                                                                                        
4. Operational risk