Only 33 percent of risk professionals believe their current risk strategies are sound – but major changes are on the way. According to a recent Economist Intelligence Unit report, an overhaul of risk management strategies is needed to rebound from the worst financial crisis in 70 years – and avoid another. Key focus areas include stronger risk governance, developing a firmwide approach to risk, the deeper integration of risk within lines of business, and improvements to data quality. Read about how firms are adopting a range of new ideas while facing a number of cultural, technological and organizational challenges.
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