Is credit risk a finanial risk?

Yes - if you are a sports fan, remember the market risks as MCL (the knee ligament) as financial risks (Market, Credit, Liquidity) and sovereign can be both financial and non-financial
 
@Doppleganger, that’s a clever way to remember the financial risks. Thanks for that.
 
As someone who has had three ACL replacements and a total knee replacement, that’s one I’d remember.
If, of course, I had to.
 
MrSmart wrote:Horseriding?
Click to expand...
First two ACLs were torn in Tae Kwon Do.
Third was associated with horseriding: I was getting on a horse, slipped on the gravel and tore it.
The knee replacement came from running with my dog: torn ACL and meniscus. Too much wear/damage to repair.
Oh, well.
The new knee’s doing great. I’ll take the new puppy out running now that CFA season’s over.
 
You can think of nonfinancial risks as ALMOST P
Accounting
Legal
Model
Operational
Settlement
Tax
Political (Sovereign)
 
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