SECTION B ICHOOSE ANY THREE QUESTIONS

QUESTION THREE

Enterprise Risk Management is now more than ever before a major focus area for Commercial banks in the Zambian financial services industry. One of the key risks is the operational risk which is generally seen as the risk of loss resulting from inadequate or failed internal processes, people, technology, systems, or external events.

REQUIRED:

a$)$ Identify any other five emerging risks in the Zambi$$ financial services industry.

$(10$ Marks$)$