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Free enterprise is a system of risks and rewards.
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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.
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.
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.
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.
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.
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.
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.
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.
This paper presents a multi-agent system of risk identifier of emergency management, on the basis of employing such theories as immunology, multi-agent model construction and simulation, and emergency management system engineering, etc.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com