Question: Develop a risk assessment criterion that will be utilised for these risks identified for Allan Gray ( Financial risks, Operational risks, Strategic risks and Compliance

Develop a risk assessment criterion that will be utilised for these risks identified for Allan Gray (Financial risks, Operational risks, Strategic risks and Compliance and legal risks). This should present a form of measurement that will be used when comparing and aggregating risks across the organisation. Your response should define and discuss scales for rating the risks and these should comprise rating levels and definitions that foster consistent and application by different stakeholders. Scales should allow meaningful and differentiation for ranking and prioritisation purposes.

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