Full Spectrum Risk Management

Lately, risk management authorities
including regulators and rating
agencies have been trying to
tell firms how they should think about
and manage risk. Actuaries who have
labored in risk management through
the boom period before the crisis—a
period when risk managers were largely
ignored—are very happy that those
authorities may finally be empowered
to force firms to get with the program.
But, such decrees are not necessarily
working and will not work in the long
run, because individuals and companies
have risk perspectives that cannot be
changed by fiat—any more than mandating
a favorite color for everyone would
change anyone’s real favorite color.

Read the rest at The Actuary Magazine

Explore posts in the same categories: Cultural Theory of Risk


You can comment below, or link to this permanent URL from your own site.

One Comment on “Full Spectrum Risk Management”

  1. […] Full Spectrum Risk Management […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: