Management Action

From Open Risk Manual


Management Action is an event relating to the management of a company or other concern.


It is a term used in the context of Scenario Analysis to denote the flexibility available to an organization's management to affect how a future scenario unfolds by exercising any discretions it has at its disposal. Management actions differ significantly by business line and the core risk being managed. They also range in severity and impact


Issues and Challenges

  • Incorporation of management action into scenario analysis, while arguably realistic, introduces further uncertainty and subjectivity e.g. around the ability and effectiveness


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