Big Data

Turning Risk Management Into A True Competitive Advantage

Date Added: Sep 2009
Format: PDF

Chief executives, chief risk officers and board members alike are asking the same questions these days. How is it possible that an entire league of institutions has had record write-offs and suffered the results of risk surprises, even though many of these firms have generally been viewed as good risk managers or "Best practice" institutions? What does the range of losses, whether from fraud or instruments such as mortgages and CDOs, signify about the state of the industry, and what can be done about it?