Risk management ensures financial stability by identifying and mitigating uncertainties, aiding informed decision-making and fostering growth.

Risk management in finance involves identifying, analysing, and mitigating financial uncertainties to minimise losses and ensure stability. It is essential for businesses and investors to evaluate potential risks, such as market fluctuations or operational challenges, to make informed decisions. Effective risk management fosters growth by balancing opportunities with safeguards, helping to achieve long-term financial goals.