Rist Management Department has convened an emergency meeting to discuss a problem that caused a serious threat to the banks profitability. Some fraudulent activities of a big client you are dealing over the years add fuel to it. In this situation, contingency plan is needed for your organization.
(i) Suppose the meeting has gone heated. As a responsible banker, how will you deal with this situation?
(ii) How will you convince your colleagues of Risk Management Department to prepare contingency plan?

Question

Rist Management Department has convened an emergency meeting to discuss a problem that caused a serious threat to the banks profitability. Some fraudulent activities of a big client you are dealing over the years add fuel to it. In this situation, contingency plan is needed for your organization.

(i) Suppose the meeting has gone heated. As a responsible banker, how will you deal with this situation?
(ii) How will you convince your colleagues of Risk Management Department to prepare contingency plan?

Satt Academy · Accepted Answer

Rist Management Department has convened an emergency meeting to discuss a problem that caused a serious threat to the banks profitability. Some fraudulent activities of a big client you are dealing over the years add fuel to it. In this situation, contingency plan is needed for your organization.(i)

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