Andrew Hill from the Financial Times writes there’s risk in relying on risk managers. He also notes that despite Carsten Kengeter’s assertion: “We will not rest until we have controls that are as watertight as possible”, we all know that organizations cannot function without taking any risk.
Banks and investment banks are in the business of making money so good luck with that whole resting thing.
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Hello riskczar, terrific post. I like the way you write. Even though my site is about investing, I will make sure to visit it as much as I can. 🙂 You have a great blog here, which offers great and useful information. It is obvious you put a lot of work into it. Thanks for the opportunity to think about what you have to write about. By the way, how do I share this post with my friends on Facebook? Thanks.