Conclusion
THE TEN COMMANDMENTS FOR GOING GLOBAL WITH RISK
1. Align with Strategy
Align risk projects with corporate strategy and objectives. The risk-management process must be consistent with senior managers' views and philosophies. The objectives and scope of risk projects, especially global ones, should reflect their priorities.
2. Align with Capabilities
Align risk projects with internal capabilities. Risk management processes cannot function effectively unless they are built upon and consistent with the internal operations of the firm. One bank launched a global risk project but had to delay it until it established a communication network that was fast and reliable. Its communications at the time, telephone lines and modem, couldn't support ...
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