Financial firms less tolerant of risks
NEW YORK – A new study shows that financial services firms are less willing to tolerate strategic and operational risks than their non-financial services counterparts.
The study, From Risk Management to Risk Strategy, was conducted by the New York-based research firm The Conference Board, in conjunction with consultants Mercer Oliver Wyman.
Some 14% of financial services companies in the study say they are willing to tolerate strategic risks from a significant to very great extent, while 22% of non-financial services firms say they will tolerate a significant or
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