Enterprise Risk Management With Independent Derivatives Valuation: Helping Banks Find Long-Term Success
Source: SAS Institute
Risk management today is top of mind for banking professionals around the world, and it has begun to revolutionize the way banks operate. No longer is risk management the sole responsibility of the chief risk officer or a bank's risk department; its responsibility now resides with vice presidents, associates, directors and managing directors across various business units. Banks have felt the pressure more than other financial institutions to improve their risk management practices to avoid a repeat of the credit crisis.