Ernst & Young survey shows risk management bigger, but not better
NEW YORK - Actions taken by firms to strengthen their risk management procedures are too often proving ineffective and possibly counter-productive, a survey has revealed.
In Ernst & Young's Future of Risk survey, in which more than 500 senior executives were interviewed, 61% of respondents do not plan to commit more resources to risk management over the next 12-24 months.
The survey shows the number of risk management functions has increased to keep up with compliance requirements but, despite this increase, the coverage and focus of these areas have become
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