September 19: Credit Risk - Survey Says Better Risk Management Would Have Lessened Credit Crisis
Location: North Carolina
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Date: Friday, September 19, 2008
With the current credit crisis triggering more than $400 billion in asset write-downs among the financial services industry, enterprise risk management (ERM) programs and components are in high-demand now more than ever to help institutions aggregate risk and treat it holistically. According to a global survey of 316 financial services executives, over 70 percent of respondents believed that the losses stemming from the credit crisis were largely due to failures to address risk management issues.
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