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Article: Heightened Risk Management Motivation.(Executive Forum 2Q '09)(Survey)
- Article from:
- American Banker
- Article date:
- August 20, 2009
- Author:
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Byline: Paul Davis
Bankers are finding it costly to improve their risk management processes, though most view it a strategic imperative after last year's credit crisis.
Almost a year ago, credit markets locked down in the wake of the collapse of Lehman Brothers Inc., sending the financial industry into a tailspin. Bankers still have concerns about the near-meltdown and the impact of the ongoing recession.
Most banks as a result are devoting increased focus and resources to the once-overlooked practice of managing risk, according to a survey of 237 executives conducted in June by American Banker in partnership with Greenwich Associates LLC in ...