Ernst & Young and Risk Magazine's Chief Risk Officers Roundtable, New York: Management recast - part 4
Lessons learnt and advice for the future
(recorded 19 February 2009)
Criticism of the role of inadequate risk management in helping to cause and worsen the financial crisis has tended to focus on technical issues such as the limitations of value-at-risk. Certainly, technical challenges abound. But it seems that the most necessary change envisioned by a panel of risk management professionals assembled for this forum in New York recently is for the risk management function to become truly empowered and viewed as a key part of business decision-making
Martha Cummings Chief risk officer, Banco Santander, New York
Peter Davis, Principal, Financial services, Ernst & Young LLP
Yury Dubrovsky Managing director and head of global risk management, Lazard Asset Management
Lori Evangel Senior vice president, MetLife
Charles Mires Senior managing director, AllState Investments
Anthony Moon General manager and chief risk officer, Bank of Tokyo-Mitsubishi UFJ
Hank Prybylski, Partner, Financial services, Ernst & Young LLP
Donald Vangel, Principal, Financial services, Ernst & Young LLP
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