This course will examine various types of risks that many business enterprises face nowadays; for example, financial markets risks can be further divided into equity risk, foreign exchange risk, credit risk, interest rate risk and commodity risk. In addition, other non-financial risk factors such as operational risk, reputational risk, catastrophe risk (earthquake/typhoon), geopolitical risk, cybersecurity risk, counterparty risk and liquidity risk will also be discussed. The format of the course is based on a series of real-life case studies from well-known companies (Alibaba, GM, Enron, Citibank, Merrill Lynch etc.) and educational institutions (Harvard & Yale etc.) Students must prepare for every class by having read the assigned cases before arriving class. Participation in every case discussion is mandatory.