Don’t just reach for the ’70s inflation playbook – CROs
Lack of inflation experience on risk teams not a concern, buy-siders say
Buy-side risk managers have warned against simply relying on the experience of the 1970s for guidance in dealing with inflation, saying the new era of runaway prices has only faint echoes in the past.
“The world has changed such a lot since the 1980s in terms of the organisations, the products we sell and the rules we have to live by,” said Chris Knight, group chief risk officer at Legal & General. Risk professionals that worked through the last episode of inflation may even fall into false
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