Archive for: August, 2008
Stanley Epstein - Citadel Advantage Ltd - Modiin | 19/08/2008 | 5678 views | 4 comments
A colleague, involved in operational risk management at a major bank, recently asked me what my feelings are regarding the quantification of the cost of reputational risk.
Was it simply something that could be taken as a percentage of revenue or net profit and then just slapped into a spreadsheet or even a balance sheet?
And the question was not ...
Tags: Risk & regulation
Stanley Epstein - Citadel Advantage Ltd - Modiin | 03/08/2008 | 2581 views
Years ago when I first became involved in risk management in a large regional bank I was told to keep my nose out of the “business”. And what did “business” mean? Well, simply put – making a profit at any cost!
The key issue that was (and still is) missed completely is that business strategy and risk management are cl...
Tags: Risk & regulation
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