Financial Risk Mitigation Strategies

Financial risk mitigation strategies, a comparison of Barclays Bank Plc and Royal Bank of Scotland (RBS) Group Plc

Introduction

The paper is about quantitative methods for financial markets. The first question delves on the risk management process at Barclays Plc with reference to Risk Management Standard (RMS) from the Institute of risk management (IRM). The second question is a comparative review of risk management strategies employed by two UK FTSE companies in the money market namely Barclays Plc and the Royal Bank of Scotland Plc. By and large, the paper highlights the approach for mitigating risks and how the risk culture is crafted to ensure that there is a cluster of goals and practices shared across these organizations. Barclays and Scotland Bank provide far-reaching services to a wide range of clients. Some of their services include inflation-risk hedging for governments and companies, current accounts for individual customers and additional services. The reality is that the transformations in the business and general economy may influence their productivity at all levels.