Lev Borodovsky, Executive Director & Co-Founder Of Garp
What is the biggest trend you are seeing in risk management?
The trend currently is the introduction of simplified "common sense" risk management. As firms developed integrated complex models, it became apparent that with all the detail and too much emphasis on techniques and procedures, it is difficult to see the big picture. With the volatility of 1998 it became apparent that management was overwhelmed by VAR reports, but was missing the strategic view. Management needs to see roughly how much
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