Reasonable Risk

摘要

Poor risk management is at the heart of the current financial crisis. Firms will have to implement new risk management practices and governance to shore up their performance, satisfy regulators and win back investors' trust. Why It's Important: Poor risk management practices have been blamed for the credit crisis and ensuing global financial meltdown. Financial institutions and regulators suggest that risk previously was simply reported, rather than managed, and inaccurately assessed, causing banks to post billions of dollars in losses in 2008. Where the Industry Is Now: "We've been seeing a rush to risk and risk management as a way to get out of this [financial crisis]," says JR Regan, senior executive responsible for global strategy, risk, compliance and security solutions at BearingPoint. Overall there has been an increased focus on enterprise risk management, he adds. "It used to be that financial risk was the grand-daddy and everything else wasn't so important. Now firms want to see the sum of all the risks and how that impacts business."