Question: Question. Risks are ordinarily categorized into operational risks, financial risks and strategic risks for purposes of facilitating risk responses and assigning responsibility for their management.

Question. Risks are ordinarily categorized into operational risks, financial risks and strategic risks for purposes of facilitating risk responses and assigning responsibility for their management. Required: Explain the various financial risks that Kenya Commercial Bank is exposed to and the appropriate risk mitigation strategies that its Enterprise Risk Management Committee (ERMC) can employ to manage them. [5 marks].

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