Abstract
Risk management has become a hot topic in the financial sector. Almost without exception, institutions have rushed headlong into major efforts to upgrade their risk management systems, and focus management attention on appropriate process for due consideration of the tradeoff between risk and return. For a long while, these systems were a patchwork of firm specific solutions to risk measurement and management, but recently this has all changed. The industry, worldwide, has begun to settle on standard approaches to risk management, as well as a consistent view of what is and is not possible in this domain. This is not to say the industry is completely happy with the results achieved thus far. Rather, it is to suggest that standards, or something like best practices, in this area are emerging.
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Santomero, A.M. (1999). Risk Management in Banking: Practice Reviewed and Questioned. In: Galai, D., Ruthenberg, D., Sarnat, M., Schreiber, B.Z. (eds) Risk Management and Regulation in Banking. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5043-3_3
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DOI: https://doi.org/10.1007/978-1-4615-5043-3_3
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