Hancock calls for more enterprise-wide risk management

While he "applauded the sophisticates" - typically quants that validate risk models - he said institutions are better off with an enterprise-wide approach to risk, rather than taking a specialised approach. With such procedures, risk managers are likely to be more successful in making an impact on the decisions made by top management, said Hancock, who gave the keynote address at Risk magazine's ninth annual Risk USA conference in Boston today.

The interlocking areas of risk management

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