Developing A Corporate Strategy For Risk Management: Defining Your Role, Maximizing Your Value
Does your company have a comprehensive strategy for defining and managing risk? Are you, as a risk manager, an integral part of this strategy? The answer to both questions should be "Yes" - especially in today's volatile global marketplace. As one consultancy put it: "With the fall of Lehman Brothers and the flurry of M&A activity, not just in the U.S. but across the financial centers of the world, it would be easy to view 2008 as the year that the banks fell apart. However, 2008 should also be remembered as the year when the true value of risk management became evident."