How risky is your risk information?

Robert M. Mark and Dilip Krishna

Journal of Risk Management in Financial Institutions, 2008, vol. 1, issue 4, 439-451

Abstract: A well-designed approach to managing risk information is a critical component of a superior risk management programme. A high-quality risk information management programme continues to be a blind spot and elude even the largest of financial institutions (FIs). For example, risk management at many large FIs has proved ineffective in organising their risk information to model the risk of complex structured products. This paper shows how inferior information quality adversely affects risk management. It then discusses ways to assess the quality of risk information in financial institutions as well as showing how to address this problem in a cost-efficient manner.

Keywords: data integrity; information risk; modelling; model risk; risk information; risk information management; superior risk management; structured products (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2008:v:1:i:4:p:439-451

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