One lesson learned from the recession is the need to focus on risk. In fact a recent study conducted by Accenture reveals the vast majority of corporate executives need to overhaul their approach to risk management. Meanwhile, Fortune recently outlined how the fallout from the financial crisis could breed a new type of corporate leader. [...]
Risk management is a discipline that is being taken far more seriously these days thanks to the current financial crisis. Translation: the financial meltdown means big opportunity for Risk Managers, according to CFO.com. The report states the “often-misunderstood category of finance worker, which already was showing a rising profile, may now be in line for [...]
Risk management will continue to be in the spotlight in 2009. Companies have never been more motivated to revisit risk management, according to CFO.com. A recent report argues that risk management is a discipline that is being taken far more seriously these days thanks to the current financial crisis. In fact, a survey of 125 [...]
Now, more than ever before, corporate boards are relying on Chief Financial Officers for information, regular updates, and transparency. A recent CFO.com report argues that CFOs are feeling pressure from all directions these days - not the least from their directors, who are intensifying their focus on finance. According to the report, it’s common for [...]
The outlook for mighty investment banks Goldman Sachs and Morgan Stanley is growing bleak. Money.com reports that industry analysts have slashed their fourth-quarter expectations for the two Wall Street firms in recent weeks as the financial markets remain under severe strain. The report adds that Goldman and Morgan Stanley may be forced to writedown as [...]
The Federal Reserve last week committed up to $800 billion to ease the flow of credit. The move comes on the heels of reports that the economy slowed even more in the third quarter than expected. The two programs announced by the Fed involve the injection of up to $800 billion into the market to [...]
Fortune 1000 companies plan to invest more in risk management in 2009 as experts anticipate new laws and regulations aimed at improving corporate risk management oversight. That’s according to the results of a recent survey conducted by OpenPages. Meanwhile, companies continue to shore up their risk management teams to better manage risk and strengthen internal [...]
Federal Reserve Governor Randall Kroszner says risk must be central to business strategy. In a recent speech to the annual conference of the Risk Management Association in Baltimore, Maryland, Kroszner urged institutions to address shortcomings in their risk management structures. “The current environment certainly presents some fundamental challenges for banking institutions of all types and [...]
The financial crisis has intensified the significance of risk management among CFOs, according to a new survey of finance executives at major U.S. corporations. In fact, the survey, conducted last month by Towers Perrin, finds that risk has surpasses short- and long-term access to capital on the list of CFO priorities. “CFOs and their teams [...]
The global financial crisis is dramatically reshaping the financial services industry in the U.S. and around the world. Today, firms are struggling to adjust to the unfolding global economic environment. Corporate boards are facing unparalleled levels of business complexity, a constantly changing political landscape, new regulations and mounting shareholder demands. Realizing the challenges that lie [...]
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