Ep 66: 99% of what you know about risk management is wrong (Alexei Sidorenko - Chief Risk Officer)
The Audit Podcast
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The Importance of Intelligence in Risk Conversations
I pretty much disagree with everything you can find in a risk management standard of guideline, or any book with it with the era and its title. The idea that we can create a unified methodology to aggregate different risks together is just beyond insane. Not only is bad risk management because it loses all this important detail that helps us make decisions and mitigate risks. Most of the time, certain risks can be aggregated, but you're most risks. It's complete nonsense to aggregate them. I'm very passionately against this idea that consultants and regulators are pushing that there should be some sort of system for risk managementsome sort of overarching framework.
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