What is the difference between risk & uncertainty?

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Brian Barnier (Author of The Operational Risk Handbook for Financial Companies)


Brian Barnier defines the difference between the concepts of risk and uncertainty in their relation to financial operations. He talks about how with risk you can make some predictions based on data but with uncertainty you are dealing with a game of chance and that companies run into problems when they don’t understand the difference.

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About Author

Brian Barnier

Author of The Operational Risk Handbook for Financial Companies

Brian Barnier is focused on growing companies, investments and countries, bringing practical insight to investors, boards and management to help them bridge from strategy to execution. He accelerates improvement in business results through a "risk lens" that incorporates both growth and turnaround lessons learned across industries, professional disciplines and countries. Brian is the author of The Operational Risk Handbook for Financial Companies: A Guide to the New World of Performance-Oriented.

Interviewed By


Tracey Fitzpatrick

Tracey Fitzpatrick

Sarder TV Anchor & Former Market News Video Anchor

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