Less than half of financial services risk professionals believe the principles of risk management remain sound
Jun 10th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The global financial crisis has exposed fault lines in the management of risk across many sectors of the financial services industry. Faced with a massive erosion of confidence among key stakeholders, and the prospects of difficult times ahead as the industry seeks to rebuild itself, risk professionals are now questioning the very foundations of risk management. According to findings from a new Economist Intelligence Unit report entitled After the Storm: A new era for risk management in financial services, which is sponsored by SAS, a business analytics software and services firm, less than half of risk professionals in the industry believe that the principles of risk management remain sound.