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The risk management process is a framework for the actions that need to be taken....

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Accounting

The risk management process is a framework for the actions that need to be taken. It begins with identifying risks, goes on to analyze and prioritize them, to find out a solution and finally, they will be monitored. In manual systems, each step involves a lot of administration and continuous supervision. However, in the current pandemic situation, financial advisors recommend the usage of specific techniques and products newly introduced in financial markets. Those techniques were mainly utilized in most developed countries to hedge the risks of the investors. Discuss the above statement and explain the available techniques offered nowadays in the financial markets to minimize the risks of investors.

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