Managing Risk on the Frontlines of the Financial Sector
GRC & Me
00:00
Managing Risks in the Financial Sector
The chapter explores the challenges and solutions in risk management within the financial sector, focusing on stress testing processes for mortgages and proactive strategies to prevent negative outcomes. It discusses the aftermath of major financial failures and the importance of forward-looking risk management to avoid liquidity issues. Emphasis is placed on the evolution of risk management, including the need to broaden perspectives to include emerging risks like cyber technology and the presentation of risk assessments to boards using quantifiable measures.
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Transcript
