Talking Risk

Chapter 7

Well, like we said before, sometimes the risk isn’t as high as you may think. What kind of risk were you all referring to?

I know we talked about the whole security thing already, but what about the big vault they have downstairs and all this money movement back and forth?

For example, with all that money, they don’t be afraid that somebody might hijack the trucks or break in the vault?

Yeah, that’s real money we talking about and ain’t no little ‘nuts change’ either.

I didn’t expect to see you since you again already have your training on lock down. What’s on your mind?

You remember how they had steal that vault in the movie with Vin Deisel. One of them Fast and Furious movies, I can’t remember which one.

But I thought we say that if the currency is not yet issued it has no real value?

If we are assessing the risk of currency being stolen, the impact would be very high.

So where you think them criminals does get their ideas from? Anyway, how we deal with them risks?

I wasn’t thinking of anything that dramatic. This is not Hollywood!

That true.

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So then, if it is new notes, why would the impact be very high?

We have to consider the fact that it would take some time to alert the public and recover the stolen currency, if at all. There is also the potential reputational damage for the Bank.

How the Bank going have reputational damage? Is like you saying the Bank had something to do with the robbery.

The reputational damage is based on the public perception that the Bank’s security arrangements are weak, especially if the money is stolen from the vault.