What categories of Risks are involved (Financial and Non-Financial aspects) in a Banking Industry? Write any seven categories of risks.

The following are the Risks (Financial and Non-Financial aspects) in a Banking Industry: Credit Risk: The danger that borrowers or counterparties fail to meet their contractual obligations, resulting in losses. Market Risk: Risk of losses due to adverse movements in market prices, including interest rates (interest rate risk), foreign exchange rates (currency risk), and equity prices (equity risk). Operational Risk: Risk of loss from inadequate or failed internal processes, people, systems, or external events (e.g., fraud, legal risks, or cyberattacks). Liquidity Risk: The risk that a bank cannot meet its short-term funding or cash withdrawal demands, often caused by the mismatch between short-term liabilities and long-term assets. Compliance/Legal Risk: Potential for fines, penalties, or damages due to non-compliance with laws, regulations, or ethical standards. Reputational Risk: The risk of losing customer confidence or suffering reduced business due to negative public perception, often stemming from misconduct or failed services. Strategic Risk: Losses arising from improper business decisions, improper implementation of decisions, or lack of responsiveness to industry changes. Cyber Risk: A specific type of operational risk involving data breaches, ransomware, or technological failures that compromise digital operations. Country/Sovereign Risk: The possibility of losses due to economic, social, or political instability in a country where a bank has exposure.