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Article: SPECIAL REPORT: FIRST QUARTER BANKING REPORT.
- Article from:
- BusinessWorld (Philippines)
- Article date:
- May 26, 2009
CopyrightCOPYRIGHT 2009 Business World Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Josephine B. Valle-Sison
"IT LOOKS like a sunny day; bring a raincoat." While this might seem unsound advice, figuratively, for the financial weather, it makes sense.
And financial managers know better to be cautious lest they catch a cold, or worse, the flu - the financial flu, that is.
Indeed, owing to the financial hurricane that shook the biggest names in the world of banking and finance, caution has become a welcome advice and risk management, a buzzword.
Even now that the crisis seems to be tapering off, financial institutions are still on the guard for any risk that might strike.
Even before the credit crunch ...