Dubai Chronicle, March 2010 - "Back to Basics" is the unanimous call from Risk Managers in UAE
Roy Barnes from FRSGlobal believes that partial insolvency and delayed insolvency provides a false sense of security to the institutions thus making them more vulnerable. “The Risk Silos is a history,” says Roy, emphasizing the importance of integrated risk management as the way ahead for the banks. Funding diversification, overarching systems and control and pricing liquidity risk correctly are some of the suggestions from Roy to manage the crisis at institution level.
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