Ernst & Young and Risk Magazine's Chief Risk Officers Roundtable, New York: Management recast - part 3

part 3 - Counterparty Risk Management (recorded 19 February 2009)Criticism of the role of inadequate risk management in helping to cause and worsen the financial crisis has tended to focus on technical issues such as the limitations of value-at-risk. Certainly, technical challenges abound. But it seems that the most necessary change envisioned by a panel of risk management professionals assembled for this forum in New York recently is for the risk management function to become truly empowered