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A wider view of risk

Asia’s banks are becoming more aware of the need for effective risk management systems, and some are targeting an integrated, enterprise-wide approach to risk management. Lachlan Colquhoun reports

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The last few years have provided something of a wake-up call for Asian institutions about the way they manage risk. The financial crisis of 1997–98 exposed a major hole in the practice of risk management at a number of the region’s banks, and many have been playing catch-up ever since.

And now, with implementation of the new Basel Accord scheduled for 2005, banks have an added impetus to

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