Time to shine

Victoria Pennington

In March, the world saw several disasters – earthquakes in Christchurch, New Zealand and in Japan, which also experienced an ensuing tsunami that triggered an ongoing nuclear crisis. When such multivariate events occur, risk managers must draw lessons in terms of scenario planning and business continuity management. The Japan situation has been termed a one-in-1,000-year event but it could be time to reassess how firms categorise scenarios and whether it is worth conducting more frequent extreme

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