Financial markets are the forum in which buyers and sellers of financial assets such as stocks and bonds, and commodities, such as grains, iols and gold, meet. Because there are uncertainties of outcome, organizations must develop strategies to manage the risk associated with it. Write a paper of not more than 10 pages on business and financial risks, as follows:
1. Identify the major business and financial risks such as interest rate risk, foreign exchange risk, credit, commodity, and operational risks
2. How do organizations measure risk and what global initiatives exist in financial risk management?