Overview The very business of banking involves managing risk - risk goes hand-in-hand with reward, although not necessarily in some easily-defined mathematical relationship. This video provides a high level overview of the concept of risk, looking at how to define it to accurately in the context of banking, the distinction between risk and uncertainty, and the importance of examining all possible outcomes and the probabilities associated with them. Prerequisite Knowledge Financial Markets - An Introduction Level: Introductory Duration: 6 minutes