In today's dynamic economy, the challenges facing banks and capital markets seem to change on a daily basis. The Journal keeps you up to date on the swift changes impacting the financial industry so you can take the actions you need to take to stay competitive and successful.
Rapidly evolving market and regulatory demands are spurring banks and other financial institutions to fundamentally re-examine the way they govern and manage risk.
As we outline in this article, turning risk management into a key source of competitive advantage is therefore likely to require a major overhaul of how risk management is organised, perceived and works with the business. There is no one-size-fits-all solution as each business has different characteristics and objectives. However, it is important to make sure that the way risk is managed and governed is tailored to, and aligned with, the business model.