Residual risk

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Residual risk

Residual Risk

Any risk remaining to an investment after all other risks have been eliminated, hedged, or otherwise accounted. For example, a residual risk to an international shipment may be the part that is not insured by the export credit agency. Some residual risks may not be known during risk analysis, and indeed may not be knowable.
References in periodicals archive ?
This mission is complete the diagnosis of soil pollution and gasses from the ground to the right of the intended future school group and proceed, if necessary, updating the management plan including a predictive analysis of the residual risks.
Even after risk control measures have been applied, some residual risks remain," the bank said in the document.
RVX-208 the first selective bromodomain extra-terminal (BET) protein inhibitor being developed for patients with high residual risks of cardiovascular disease
Birchall says “The critical issue is risk mitigation, not insurance; the buying of insurance is for residual risks and only after the strategic risk management process.
It is clear that, whilst most risks can be mitigated against there are a small number of significant residual risks that have been identified.
Federal Reserve staff are actively considering additional measures that could address these and other residual risks in the short-term wholesale funding markets," she said.
The Negative Outlook reflects residual risks to Arab Bank's credit profile arising from its domicile and the ratings would be downgraded if Fitch's opinion of Jordan's creditworthiness weakened.
These inconsistencies in our assessment of risk are problems of science and policy, but also--given the different ways risk is understood and the often unequal ways in which the consequences of residual risks are meted out--of philosophy and social justice.
PEOs and PMs should review their current RM processes, including program RMPs, and take appropriate steps to make them more proactive and forward-looking (rather than reactive), ensure that PM IPTs actively and honestly assess and report program risks, and establish approval review processes for residual risks and associated mitigation plans.
I am also required to consider the residual risks after this process and analyze whether more needs to be done.
Any residual risks must be documented and accepted by management.
The theft of a laptop containing about 21,000 patient records from a hospital in Philadelphia earlier this year provided ample proof of the residual risks presented in healthcare network security.