Aziz, who helped write AlgoRisk 2.3, says the limitations of risk-management software are known.
Second you need enough risk-management agility to jump into Next Big Blindsides when they do appear.
Responsible development of nanotechnology requires an integrated, risk-management-based approach to environmental, health, and safety (EHS) research.
Thus, Mr Davies argues, compensation arrangements are an important part of a company's overall risk-management strategy.
UTI's board, and that rigorous systems for investment and risk-management should be put in place.
Large corporations spend fortunes on risk-management departments to deal with this developmental deficiency.
The banks have hired western consultants to teach them about risk-management systems, credit-scoring and tackling bad loans.
We must lay the groundwork for the fundamental risk-management-market institutions that enhance safety better than tossing everything to regulators.
FORBES: Catching Air Without NASA: How Will We Regulate Commercial Space Flight?
Banks need to have a "robust risk-management culture, " with people and processes in place to protect it, he said.
Morgan's bets from news reports, though the agency has 65 examiners who oversee the bank's books and risk-management controls.
But it may be premature to praise the risk-management system to the skies.
Mr Kitao says this reflects the availability of funds and Softbank's risk-management practices.
ECONOMIST: Is Softbank��s Internet empire as strong as it looks?
LTCM, Enron was admired for its innovative use of financial theory and for its risk-management skills until it was too late.
Nor, for all the supposed advances in risk-management techniques, has banks' ability to cope with such moves got much better.
As banks conserve cash, limit expansion and revamp broken risk-management processes, they face another mammoth task: rebuilding relationships with corporate clients.
They have argued that technology, legal, risk-management and other divisions don't lend themselves to this type of measurement, these people said.
It also means ensuring that risk-management systems can alert senior managers if their repo traders might be trying to manipulate the market.
This risk-management system apparently proved itself during the crisis in financial markets that followed Russia's default on its sovereign debt last August.
More than 100, 000 have five or more numbers, and according to consumer risk-management firm ID Analytics, only 15-20% of those cases are related to fraud.
It might have looked like a smart risk-management move, but it seems like investors in Fairfield Sentry are almost destined to endure catastrophic investment management.
FORBES: The Great Baupost Madoff Claim Trade That Made A Big Madoff Feeder Fund A Loser Again
Also, when things went wrong, and the risk-management models flashed red, the firm could not unwind its positions as quickly as the model had assumed.
With the latest technology, says Cho, the bank can measure the profitability of every branch employee and customer, mine its customer database and run sophisticated risk-management and credit-analysis programs.
Apparently, government relations veterans and lobbyists now have new on-the-job partners even as, ostensibly, legal teams will work more closely with other risk-management teams throughout the organization.
FORBES: The Clairvoyant Corporation: General Counsel as Supermen
The second problem is the prevalence of sophisticated risk-management models that increasingly appear to cause more problems than they solve, at least in times of market stress.
As reported by The Wall Street Journal in November, he didn't rely heavily on the risk-management department at MF Global, reporting only to the company's board of directors.
WSJ: Corzine Rebuffed Internal Warnings on Risks at MF Global
These internal committees, made up of several high-level executives, mostly from risk-management divisions, have pledged not to reveal a whistle-blower's identity or to punish him for speaking up.
The boom in derivatives was one of those moments when financial engineering raced ahead of back offices and risk-management departments, leaving them struggling to value or account for their holdings.
Pierre Pourquery, of Boston Consulting Group, says it is not uncommon for investors to break their exotic purchases into smaller pieces in order to feed them into their risk-management systems.
Beebe is working as a consultant with the new Big East Conference, which launches July 1, and runs a consulting service focused on risk-management services for athletic departments and pro-sports franchises.
According to the head of a hedge fund that does a lot of business with large banks, their lending desks are now being stripped of risk-management responsibilities by livid chief executives.
应用推荐