Report urges firm-wide risk management

LONDON -- Many financial institutions are not managing the full spectrum of risks effectively, according to a report on firm-wide risk management issued in July.

Financial services companies should re-evaluate their risk management structures in favour of a more practical and holistic approach, said the report by professional services firm PricewaterhouseCoppers and the Economist Intelligence Unit, the research and information provider.

The report, ‘Taming Uncertainty: Risk Management for the

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