Some thoughts on Risk Management we uttered in mid 2010 and the ‘anti-growth’ bias too much RISK Management can create, if not applied in a more measured and consistent way…Let us not stifle INNOVATION & Growth any longer, but focus on VALUE creation
Risk has as one of its essential elements TRUSTas a foundation.
Trust on the other hand has many other factors that interplay and interact on it.
Markets are created when there are needs that are not immediately met from you local environment and therefore scarcity exists. Market participants step in to fill this ‘needs’ void.
As for any subset of Risk, either Operational, Market, Liquidity, Interest, etc. a big part of the assessment process it not just about looking inward and assessing the risk profiles, risk attitudes, risk systems, etc., but an important part of the process is stepping into the realm of uncertainty and looking outwards and the wider market context we find ourselves in.
Being too prescriptive about the individual risk profiles and control systems will only stifle innovation and growth. Some say we need a very healthy dose of growth right now, whereas others are…
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