Risk Manager Standards Sorely Lacking

Waitt, Keith W.
January 2010
American Banker;1/13/2010, Vol. 175 Issue 7, p8
Trade Publication
In this column the author discusses the role of risk management in banks in regard to the global financial crisis of 2008-2009. Particular attention is given to the standards that apply to the banking industry. The author argues that there needs to be a common set of standards. The author also explains why risk managers were put in a position that made it difficult for them to help prevent the crisis.


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