Search
 

ERM Saved Some Firms From Fin'l Meltdown

The use of enterprise risk management at some financial services firms staved off the turmoil that has plagued and nearly ruined many companies, according to a report by the country's leading risk

By Caroline McDonald | Updated on February 08, 2009

The use of enterprise risk management at some financial services firms staved off the turmoil that has plagued and nearly ruined many companies, according to a report by the country’s leading risk manager group.

While failures of risk management are being blamed by many for the financial crises in the banking industry, these issues did not “arise from a failure of risk management as a business discipline,” according to the report by the New York-based Risk and Insurance Management Society.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.