FINANCIAL RISK MANAGEMENT: STRATEGIES FOR MITIGATING MARKET, CREDIT, AND OPERATIONAL RISKS

Abstract

Financial risk management is a critical aspect of modern business operations, particularly in the dynamic and volatile financial markets. This review research paper aims to explore the various strategies employed by organizations to mitigate market, credit, and operational risks. The paper delves into the theoretical frameworks, methodologies, and practical approaches utilized in managing these risks effectively. Through a comprehensive literature review and analysis, this paper provides insights into the challenges faced by businesses in risk management and evaluates the effectiveness of different strategies in addressing these challenges. The findings contribute to a deeper understanding of financial risk management practices and offer valuable recommendations for enhancing risk mitigation strategies.