Re: Article 4

From: powel
Affiliation:
Address:
Date: 21 Feb 2008
Time: 17:14:13

Comments

I agree risk management should be to protect shareholders (and maybe bond holders and maybe society at large). The problem is that these parties have little or no say in how risk management is run. I think risk management run for the benefit of management does some good. VaR reports may be ignored in some firms but not all, etc. Is the benefit worth the cost?

Disclaimer