Building an invisible framework for risk management

Invisible framework enables risk management in a more efficient manner

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Recent years have seen the development of a multitude of risk management frameworks of all shapes, colours and forms, general or specific, complex, multidimensional or basic. In the face of the mounting jargon and technicality of the risk management profession, it is important to remember three fundamental roles of the risk function – none of them to do with vocabulary and techniques, or even with the management of risks.

Risks must be managed where they arise – that is, at the level of each ope

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