April 2000
Beginner
304 pages
6h 58m
English
Align risk projects with corporate strategy and objectives. The risk-management process must be consistent with senior managers' views and philosophies. The objectives and scope of risk projects, especially global ones, should reflect their priorities.
Align risk projects with internal capabilities. Risk management processes cannot function effectively unless they are built upon and consistent with the internal operations of the firm. One bank launched a global risk project but had to delay it until it established a communication network that was fast and reliable. Its communications at the time, telephone lines and modem, couldn't support ...
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