How risk managers missed the credit crunch
Proponents of risk management argue it benefits the corporate culture but the current credit crunch shows the elite of risk analysis, the banks, managed to get it wrong. Carolyn Williams offers some reasons as to why risk analysis failed.
The modern practice of risk management is fundamentally a systematic and comprehensive approach to the management of risks within an organisation. Corporate finance, risk and management departments all draw upon transferable tools and techniques that have been established as effective.
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