The newfound emphasis on risk management companies were forced to exhibit in 2009 will continue in the present year, a new report by Framingham, Mass.-based research and advisory firm Financial Insights finds.
“The realization for 2009 was that global enterprise risk management failed in many ways, and the epiphany for 2010 is that global financial institutions have to fundamentally address all types of risk,” the report, Worldwide Risk Management 2010 Top 10 Predictions: The Road to Financial Services Recovery Runs Through Improved Risk Management, states. “The critical task for risk managers in 2010 is to balance internal and external volatility through measuring it, testing it, and stress testing it. Risk managers must also be able to articulate those results to investors and regulators.”
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