Economic Crisis: Why ERM Did Not Fail

Updated, originally published 30 January 2009 I believe the message in this article, resurrected from my archive, is still valid. Risk management controls: not implemented, or subverted? We are continuing to experience economic turmoil (i.e., from the 2008-2009 financial crisis). After the first severe and generalized wave of economic upheaval originating in the US recession, …

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