Risk Control Requires Authority, Goals and Organization

  • Dimitris N. Chorafas
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


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.


Risk Management Balance Sheet European Central Bank Credit Default Swap Risk Control 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 8.
    D. N. Chorafas, Rocket Scientists in Banking, Lafferty Publications, London/Dublin, 1995.Google Scholar
  2. 10.
    D. N. Chorafas, Risk Pricing, Harriman House, London, 2010.Google Scholar
  3. 11.
    D. N. Chorafas, Reliable Financial Reporting and Internal Control: A Global Implementation Guide. John Wiley. New York. 2000.Google Scholar
  4. 15.
    Ron Chernow, The House of Morgan. Touchstone. New York. 1990.Google Scholar
  5. 16.
    Paul Roberts. The End of Oil. Bloomsbury. London. 2004.Google Scholar
  6. 21.
    D. N. Chorafas. Risk Pricing. Harriman House, London, 2010.Google Scholar
  7. 22.
    US GAAP and IFRS apply different valuation methods to different types of assets and liabilities. For example, one criterion that determines the valuation method is the intended holding period of the asset or liability. D. N. Chorafas, IFRS, Fair Value and Corporate Governance: Its Impact on Budgets, Balance Sheets and Management Accounts, Butterworth-Heinemann, London/Boston, MA, 2006.Google Scholar

Copyright information

© Dimitris N. Chorafas 2012

Authors and Affiliations

  • Dimitris N. Chorafas

There are no affiliations available

Personalised recommendations