Perspectives - Phillip Straley
Phillip Straley, Partner, global financial services risk management, Ernst & Young
In the mid-1990s, the focus of the risk community was on growth in derivatives and structured products, and the implementation of the Basel market risk amendment and market risk value-at-risk. An early buzz was in the air about enterprise risk management (ERM), although few financial or other institutions invested much effort into this practice. All eyes were on the esoteric and new.
In an amazing 10 years, we have seen the return of first Hong Kong and then Macau to China; the Asian crisis and
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