Non-financial risks (NFR) have become as important as traditional financial risks (especially credit risk, market risk, and liquidity risk). The authors present a taxonomy for structuring NFR. Using this taxonomy, the authors develop impact graphs using graph databases in order to analyze events and scenarios that bear non-financial risks.
Keywords
- NFR
- Taxonomy
- Graphs
- Impact graphs
- Risk category individual models
- Big data
- ML
- DL