
PART A AWARENESS
20
The collapse/upheaval of the financial markets has been well chronicled.
Its impact on risk management has received little attention. With recession
and its impact on securitisation, risk managers and their tools are getting
more attention. While this is good it is not the time for the risk management
profession to say ‘I told you so’ and rest on their resurgence.
Risk managers got into the position they faced before the recession
because few people in their organisations understood the breadth and
scope of their activities or their value to the firm. If you prevent something
from happening it is dif ...