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To protect the security of water supply, China's RBF systems should establish a management system, monitoring system and forecasting system of risk.
The Basel Committee designed a system of risk weights ("standardised approach") to measure the riskiness of banks' loan portfolios.
It has refused to put the public balance sheet behind new bank lending, which might relieve the financial system of risk it is in no position to take, but which it must take to lift the economy off the rocks.
A firm believer that no system of risk management, however sophisticated, could completely take into account the infinite variety of human character, he was himself a proof of that general rule.
In an essay published on the agency's Web site, the minister, Zhou Shengxian, said the government would take a more aggressive role in determining whether development initiatives contributed to climate change through a new system of risk assessment.
Despite the apocalyptic arguments made in court in defence of the government, this is not a decision that will bring the civil service system of risk management to a full stop, nor will this lead to the routine disclosure of government risk registers.
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After all, the protection of property rights, including those of shareholders, lies at the heart of any system of risk-sharing and -shifting.
According to the theory of optimal currency areas, which Columbia's Robert Mundell helped to pioneer, for a common currency to succeed its member countries must enjoy similar business cycles, plus they must have a system of risk-sharing and fiscal transfers to help out less competitive countries during a recession.
Department for Environment, Food and Rural Affairs, London] sets out a system of risk-assessment, including ranking of crops susceptible to erosion and anti-erosion measures, that may be selected.
Free enterprise is a system of risks and rewards.
Unlike our bank, the algorithm will know that there is room to allocate credit in a system of risk-taking where new, and even strange, things are produced.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com