Critically discuss the above statement, giving the reasons for agreeing or disagreeing with it. The essay topic should be discussed using examples.
Synopsis Bank has a very important role in the economy. They provide a variety of financial services. Each of the services has a certain amount of risk in it. In order to reduce the losses of the banks, bankers have to manage how to reduce those risks and sometimes avoid it. Yes, it is true that some risks bankers are able to avoid from. Such as refuse to lend to high risk customers and prevent doing business with sovereign countries to avoid credit risk and political risk respectively. Thus, avoid risk is part of the risk management that bankers are require to deal with.