‘What is risk management?’ ask Risk USA speakers

New Angles

The way banks and other financial institutions think about – and sometimes misinterpret – their risk management function formed the main theme of the opening keynote speeches at this year’s Risk USA conference.

“Risk management today is monolithic and silo-based,” Pierre Pourquery, global head of risk management and compliance, global financial services sector, at IBM told delegates in Boston, as Risk was going to press. He added that there is little focus by risk managers on value creation.

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