The risks below faced the financial institutions:  Credit Risk  Liquidity Risk  Interest Rate Risk  Off-Balance-Sheet Risk  Market Risk Foreign Exchange Risk Sovereign Risk Technology Risk Operational Risk FinTech Risk Insolvency Risk What causes these risks, and How to mitigate them? I understand these risks are interdependent to each others.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 33RQSC
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The risks below faced the financial institutions: 

  1. Credit Risk 
  2. Liquidity Risk 
  3. Interest Rate Risk 
  4. Off-Balance-Sheet Risk 
  5. Market Risk
  6. Foreign Exchange Risk
  7. Sovereign Risk
  8. Technology Risk
  9. Operational Risk
  10. FinTech Risk
  11. Insolvency Risk

What causes these risks, and How to mitigate them? I understand these risks are interdependent to each others. 

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