TITLE

Transforming To a Holistic View of Risk

AUTHOR(S)
Leong, Chris
PUB. DATE
January 2009
SOURCE
Bank Technology News;Jan2009, Vol. 22 Issue 1, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reflects on the financial crisis which forces banks to take a holistic view of risk management. He notes that looking at the processes which include the transparency between systems and technology is needed. He notes that the process of risk management is fragmented, however, he suggests that it is necessary to focus on the intersection which includes the deployment of new systems and the implementation of organizational risk monitoring and process reevaluation.
ACCESSION #
36205712

 

Related Articles

  • Enhancing Risk Identification. Prybylski, Hank // Risk Management (00355593);Sep2008, Vol. 55 Issue 9, p56 

    In this article the author discusses ways in which corporations can improve their risk identification, assessment and management. The piece is written in light of the significant dangers posed by the financial crisis of September 2008. A number of suggestions are made including examination of...

  • Financing Risk Retention. Kallman, James // Risk Management (00355593);Sep2008, Vol. 55 Issue 9, p57 

    In this article the author discusses the financing of risk assessment and risk management measures and notes that proper attention paid to risk will create value for a corporation. He advises that risk retention, or the self-funding of losses, is the preferable measure to take. Risk retention...

  • Risk management is back. Agustin, Yanti // FinanceAsia;Apr2010 Asian Trade Supplement, p30 

    The article presents the author's views on the role of risk management in Asian banking. It states that due to financial crisis banks in Asia are considering the important role of risk management in order for them to survive. It also mentions the benefits of utilizing risk participation wherein...

  • THE QUEST FOR PERFECT RISK MODELS. Iqbal, Waheed; Sheikh, Jibran; Kamal, Yasir // International Journal of Academic Research;Nov2011, Vol. 3 Issue 6, p305 

    This paper presents a short commentary on the deficiencies of quantitative risk models in the backdrop of global financial crisis (GFC) of 2007. In addition the role of human factors in creating and exacerbating GFC has also been briefly explored. The conclusion highlights some important...

  • WHAT'S THE BIG IDEA? RISK APPETITE.  // Management Today;Jul/Aug2011, p14 

    The article discusses the aspects of risk management that a businessperson must consider including an observation and adjust risk assessments.

  • Reassessing Risk. Kiviat, Barbara // Time International (Atlantic Edition);12/22/2008, Vol. 172 Issue 25, p47 

    The article examines financial risk management. Banks and other financial service industry firms attempted to quantify risk through mathematics in the 1990s and 2000s. In the wake of the 2007-2008 financial crisis, this approach has lost favor, and risk managers are employing more subjective...

  • Insurance industry reaches major crossroads.  // Business Insurance;10/6/2008, Vol. 42 Issue 40, p24 

    The article emphasizes the importance of enterprise risk management (ERM) in line with the failure of American International Group Inc. (AIG). It explains why the ERM approach of Committee of Sponsoring Organizations (COSO) failed in light of the subprime mortgage crisis in the U.S. It discusses...

  • ERM Consulting.  // Risk Management (00355593);Oct2005, Vol. 52 Issue 10, p12 

    This article reports on specialized consulting services being offered by McNeary Inc. in Enterprise Risk Management (ERM) for risk managers and other insurance professionals, as of October 2005. The cornerstone of the ERM services is its ROADMAP methodology, which takes a strategic approach to...

  • Global Implications of Admitted, Non-Admitted and Self-Insurance. Pluger-Murray, Donna; Taylor, Jason; Genis, Fanny; Marmorck, Alejandro; D'Andre, Carla // Risk Management (00355593);Oct2005, Vol. 52 Issue 10, p54 

    This article presents an overview of the global implications of admitted, non-admitted and self-insurance programs for global risks. An admitted policy is issued by an insurance company that is licensed in the country in which the insured and/or the risk is domiciled. A non-admitted policy is...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics