New regulations and heightened scrutiny have weighed heavily on financial institutions in the wake of the financial crisis. While risk management has certainly moved to the fore, with the chief risk officer taking a seat in many a C-suite, challenges remain.
Rather than taking a passive approach to risk management and simply striving to meet regulatory demands, many forward-looking banks are trying to make the risk function a more integral element in everyday business decisions.
This paper, produced in partnership with GARP following a webinar on the same topic, examines how banks are creating a competitive advantage by:
- Building quantitative and qualitative risk analysis into their decisions and operations.
- Developing new methodologies.
- Revamping their risk architecture.
- And more!