Strategic risk management provides a comprehensive, real-time view of risk

The old ways of managing risk are becoming obsolete, due in large part to the continuing impact of the recent economic downturn – an environment marked by reduced spending, low interest rates and increased pressure to grow profitability. In this challenging operating environment, strategic risk management provides a real-time, comprehensive view of risk.

Most legacy risk management solutions focus on specific risks and regulatory requirements. This makes it difficult to quantify existing and emerging risks – and to understand the complex relationships among those risks.

For example, what is the likely impact of reputational risk on capital and liquidity – or the impact of rising interest rates on income, credit and liquidity? What is the relationship between fraud or money laundering and credit risk – and the pressing risks associated with the implementation of new strategies?

continue reading »

More News