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 ?
With nine out of ten businesses already the unknowing victim of a security breach today, TaaSera's Preemptive Breach Detection System (BDS) accelerates cybersecurity detection and response to minimize the unmanaged and unknown residual risk of breach.
Environmental Protection Agency (EPA) issued the final residual risk and technology review (RTR) rule for the secondary aluminum national emission standards for hazardous air pollutants (NESHAP) on September 18 (80 Fed.
Decoding mechanisms opens the door to precise, individual interventions for the prevention of residual risk associated with the various causes of severe hypertriglyceridemia," explains Daniel Gaudet, MD, PhD, first author of the study.
He also coordinated the comprehensive risk assessment and subsequent approval with USFOR-A, TF Corsair and USAFCENT, ensuring the appropriate echelon of command understood and accepted the residual risk after his 26 distinct mitigations were in place.
Assessment of residual risk and risk acceptance criteria.
While having strong controls reduces the risk of employee theft, a residual risk remains, which may be addressed, in part, through the appropriate insurance coverages.
I view corporate internal audit as a valuable tool and thought partner to minimize uncontrolled residual risk and identify problem areas before noncompliance results.
Diving to such depths does carry with it some residual risk to the equipment and this is being carefully monitored by the US Navy and (Bluefin-21 owner) Phoenix International.
Residual Risk is defined in the DoN Risk Policy as "the risk that remains after mitigation.
These target patients have significant residual risk in major adverse coronary events (MACE) such as heart attack, unstable angina, stroke, revascularization and death, despite standard of care therapy such as statins.
Therefore, the trust has limited exposure to closed-end residual risk and is only exposed to wholesale market risk in the event of an obligor default on the open-end portion of the portfolio.
Transfer residual risk: If, after applying the previous nine security steps, the residual risk is still not acceptable to the level of risk tolerance of the organization, transfer part of this risk by contracting an insurance policy to cover it.