Difference between revisions of "Basics Of Risk"
From Open Risk Manual
Wiki admin (talk | contribs) (Created page with "== Definition == '''Basics Of Risk'''. In the context of the Financial Competence Framework, ''Basics Of Risk'' is a topic in the :Category:Financial Landscape | Financi...") |
(No difference)
|
Revision as of 16:22, 1 April 2022
Definition
Basics Of Risk. In the context of the Financial Competence Framework, Basics Of Risk is a topic in the Financial Landscape subject matter domain.[1]
Competences
Mastering the role of Basics Of Risk in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
354 | Aware of risks in a financial context, including those inherent in products and those that can be hedged or insured against | Knowledge |
355 | Aware that certain risks with financial implications can be reduced by using certain financial products and/or by taking action (buying insurance, acquiring financial products with capital guarantee, use well-diversified investment products, etc.) | Knowledge |
356 | Considers the risks of significant external issues that may impact on personal financial well-being (including for example environmental, technological, health-related, scientific, security or economic factors) | Skill |
357 | Motivated to identify own risk tolerance | Attitude |
358 | Confident to make own assessment of risks without being unduly influenced by marketing or news items [avoiding availability bias] | Attitude |
References
- ↑ “European Union/OECD (2022), Financial competence framework for adults in the European Union