Banks at Risk: Global Best Practices in an Age of Turbulence

Although risk management is acknowledged as an important area of expertise in any bank, it is often held hostage by the business side whenever a bottom line is involved--which is nearly always. With banks all over the world in crisis, most often caused by over-ambitious and imprudent business leader [...]
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Although risk management is acknowledged as an important area of expertise in any bank, it is often held hostage by the business side whenever a bottom line is involved--which is nearly always. With banks all over the world in crisis, most often caused by over-ambitious and imprudent business leaders, risk management is returning to the fore. But what can risk management experts teach business leaders and shareholders about the value of a strong risk management function when applied to a highly competitive business such as banking? In this collection of articles from leading commercial bankers, risk managers and regulators from around the world, the key issues in risk management and crisis management come to the fore to explain the need for a stronger post-crisis business and regulatory environment. Besides hearing from global figures, there is a strong voice from Asia, which learned the hard lessons of lax risk management and underwriting in the 1997 financial crisis.