Mastering Risk Management

SUMMARY

Good reports are essential to good risk management. Key information must be easily accessible and delivered in such a way as to support informed business decisions on the firm’s risk profile. That sounds easy and obvious, but is not so easy in practice. It is only too easy to be overwhelmed by information which is not focused on readers’ needs. That can include too much information, information which is not relevant to the reader and information which may be relevant, but is not presented in a way which is readily understandable. With risk, readers can be at every level of the firm, so the range is wide.