Risk Management: A Holistic Approach
- Topics:
- Enterprise Risk Management
- Tags:
- Bank,
- Board Member,
- Financial Services,
- Risk,
- Risk Management
- Source:
- Board Member
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Overview: From the executive summary: ‘In the contemporary business era, banks operate in an increasingly complicated business environment marked by unforeseen risks. At the very worst, banks can sink themselves for failing to anticipate risk. Banking reforms have allowed banks to expand into the brokerage business and underwrite insurance. Banks also are trying to keep pace with rapid technological change. In recent years, the Internet and other technologies have changed the ways banks operate. All these activities invite risks. While enterprise risk management can help prevent losses, it can also help banks identify, measure, and monitor risk, while introducing processes that can boost shareholder value.’ The paper examines risk management as applied to banks.
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Format: HTML | Date: Jul 2003 | Pages: 1
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