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Finding Shelter In A Time Of Crisis: A Process-Oriented Approach To Risk Management, Kristin Johnson
Finding Shelter In A Time Of Crisis: A Process-Oriented Approach To Risk Management, Kristin Johnson
Kristin N Johnson
Success in financial markets rests on the effectiveness of a business’s risk management strategy: manage risks well and profits follow; fail to manage risks and a crisis ensues. It has long been evident that inadequate enterprise risk management policies, or internal risk-reducing strategies, create perilous consequences for a business. The recent financial crisis illustrates that the often disparate regulatory guidance and multiplicity of regulators who influence enterprise risk management policies were ill-suited to address conflicts and weaknesses in risk management accountability and enforcement mechanisms. During the crisis, a chorus of commentators demanded a federal solution to address the devastating economic …