Question: 7: Referring to information in the Course Learning Guide Part 1 and using either your own, or a fictional finance broking company: a) Identify and

7: Referring to information in the Course Learning Guide Part 1 and using either your own, or a fictional finance broking company: a) Identify and describe 2 specific risks that the broking company could face. For example, Fluctuating Income leading to inability to pay bills or a Compliance Breach. b) Identify and describe what risk controls and risk mitigation strategies could be implemented to managing these 2 risks. Your answer should cover the following points: 1. How would you categorise the risk (eg. Strategic / Financial / Other)? 2. Which stakeholders would potentially be involved or impacted? 3. What are the types and key principles of risk controls? 4. Which controls could be put in place to avoid or mitigate these specific

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