Lessons learnt in 2009
For risk managers, 2009 was about dealing with the aftermath of the financial crisis, revisiting models and putting greater emphasis on liquidity and cashflow risk. Katie Holliday talks to experts about the major lessons learnt this year
Last year’s financial crisis elevated the status of risk management worldwide. But how long it will remain at the top of boardroom agendas is questionable, experts believe. As memories of the crisis fade, the fear is the newfound importance of risk management will also fade. Experts are therefore encouraging risk managers to use this potentially short window to implement lessons from the crisis in order to drive the discipline forward.
“Risk managers were becoming disempowered before the crisis
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