To govern well, manage ‘enterprise’ risk

Danger administration now receives a number of consideration in most organisations. Central banks aren’t any exception. Certainly, danger administration is usually promoted below the acronym ‘ERM’, standing for ‘enterprise danger administration’.

However that acronym will be deceptive. In actual fact, many central banks are approaching ERM ineffectively. The next two tales illustrate what goes mistaken and methods to get enterprise danger administration proper.

About 10 years in the past, I used to be interviewing every senior supervisor at a big central financial institution

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