At that point, ineffective crisis management nearly destroyed the financial system and the economy.

FORBES

It added hospitals needed to prepare for the changes by improving financial management, making sure all staff understood the new system and ensuring good data was available on what was happening within the hospital.

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Remember when the options-pricing pioneer Robert Merton won the award in 1997 a year before his hedge fund Long Term Capital Management imploded and almost took down the world financial system?

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This risk-management system apparently proved itself during the crisis in financial markets that followed Russia's default on its sovereign debt last August.

ECONOMIST: Investment banking

Clients can customize their HP Moonshot system acquisition with flexible financing and asset management solutions from HP Financial Services.

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In one particular financial services company, for example, IT experts were brought in to update a client management system.

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Similarly, we also need to build strong partnerships with the IT department to ensure we have an integrated marketing management system that enables our ability to execute effective marketing while also supporting overall business and financial goals.

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Better banking supervision and risk management - all the reforms we talk about endlessly here in the UK to strengthen the financial system - will be one part of making the world a safer place, in rich countries and emerging ones like Brazil.

BBC: IMF follows the money in Brazil

And as the financial system begins to pick up the pieces, NYU Stern just completed a timely three-day course called "Integrated Risk Management, " taught by risk expert Ingo Walter, author of Restoring Financial Stability: How to Repair a Failed System.

FORBES: The Business School Beat