Risk Control Requires Authority, Goals and Organization

Dimitris N. Chorafas

Chapter 10 in Basel III, the Devil and Global Banking, 2012, pp 195-215 from Palgrave Macmillan

Abstract: Abstract When, in my seminars, I am asked about a basic prerequisite for rigorous risk management, my responses include not one but several factors, some of which are general and others specific to the enterprise. By far the most important is independence of opinion, which was discussed in Chapter 8. The person entrusted with risk control must be able to speak his/her mind, and advise top management to stop compounding the risks.

Keywords: Risk Management; Balance Sheet; European Central Bank; Credit Default Swap; Risk Control (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-35842-3_10

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DOI: 10.1057/9780230358423_10

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