Moody's says September 11 puts focus on event risk


NEW YORK -- The September 11 attacks on New York's financial district have led some companies to rethink both the aim and scope of risk management by giving a new significance to event risk, Moody's Investors Service said in December.

The credit rating agency said in a special report that enterprise risk management -- the monitoring and management of all the risks that can affect a firm's well being -- can have a significant positive impact on a firm's risk profile by lowering earnings volatility

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