IBG YBG WBG

From: Krassimir
Affiliation:
Address: kkostadinov@gmx.de
Date: 22 Jan 2007
Time: 04:10:40

Comments

Glyn that's the best blog I have read for months! Thanks! Since you mentioned briefly hurricanes and politicians, i would like to add a minor off-topic point (I am europe-based and have no particular opinions on US politics). However, I think the probability that we (the humans) contribute a lot to the processes causing frequent hurricanes of extreme power and other natural catastrophes is too high to be ignored. A couple of weeks ago, I asked on this forum the off-topic question if somebody knows about good ideas and practices applicable to the risk management professionals which may help to reduce the evironmental problems we all have. The answers I got were in the IBG YBG style: 'probably you are right, however, let's stick to finance' (that's were our bonuses come from). I really do not what to turn this blog comment in a bad discussion on 'the global warming business'. However, I would certainly like to take my question in the large 'better corporate governance' framework. To your core comments, I would like to pose the questions 'Are the risk managers really so powerless in a IBG YBG corporate environment?' and 'What alternatives the inexperienced risk manager has? -- job change? attacking fronthead? unwinding somehow the portfolio and showing the key wrong points? How?'

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