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What is risk management in public finance?

Managing risk in public finance is an ongoing process that requires coordination, communication, and transparency among stakeholders. By applying these tools of risk management, you can enhance the fiscal resilience and credibility of the public sector.

What is public risk?

Public risk is considered in terms of what form of regulation provides the best consumer protection for the given market. In determining this decision, a trade-off needs to be considered regarding the potential risk to the public and the loss of professional autonomy and self-regulation.

What is a public entity risk pool?

A public entity risk pool is defined as a cooperative group of governmental entities joining together to finance an exposure, liability or risk. Risk may include property and liability, workers compensation or employee health care.

What are examples of risks in the public sector?

Mass shootings, cyber liability and medical costs are all public sector risks.

What is the role of risk management in the public sector?

Risk management plays a crucial role in the corporate governance of public sector organisations. It involves building structures and mapping out processes that contribute to both strategic and operational success.

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What is risk assessment in public sector?

Risk assessment is a systematic process to quantify or qualify the level of risk associated with a specific threat or event, to enrich the risk intelligence available to the Institution.

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