Global Risk Management Survey 2009
Risk management in the spotlight
Risk management today is in the spotlight, being tested by unprecedented turbulence in the financial markets, including depressed asset prices, reduced liquidity in many markets, and a contraction in the credit markets. The changed marketplace has affected every segment of the financial services industry including banks, insurance companies, and asset management firms. While the confluence of these events has challenged risk management within financial firms, these events have also demonstrated the need for enhanced risk management capabilities and reiterated a basic principle - risk and return are generally correlated and should be evaluated together.