BY ELIZABETH HORRIGAN RATHZ
The risk management capabilities of a financial services management team have always been a game changer for shareholders, clients, and employees. For regulated entities, timely and perceptive identification of regulatory and reputational risk contributes to improved productivity and a greater return on capital investment over the long run. As business processes remain compliant, the firm’s reputation stays intact. In retrospect, it is apparent that the events leading up to (and through) the Great Recession of 2007–2009 have common risk tendencies, the most notable among them being the absence of timely and perceptive risk identification.
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