Back to Results > or Search Again >
Download PDF File >
Bringing Back Best Practices in Risk Management
Publish Date: October 17, 2008
Author(s): Golder, Peter; Liebert, Thorsten; Teschner, Charles
Abstract: Many financial institutions have had horrific losses in 2007 and 2008. At a small number of banks, a focus on basics actually prevented many losses. In particular, they benefited from a strong risk culture combined with a sharp focus on three effective lines of defense: top management and the front office, the risk management function, and audit. These lines of defense, staffed with capable individuals imbued with a strong sense of risk awareness, are at the heart of effective risk management.
Related Industries: Financial Services
Related Documents
Taking a Calmer View
View document >
