In this research, which is written by the Economist Intelligence Unit and sponsored by ACE, KPMG, SAP and Towers Perrin, we examine the lessons that have been learnt from the current financial crisis, and propose ten practical lessons that could help to address perceived weaknesses in risk identification, assessment and management. Although our research is primarily directed at financial institutions, we also highlight ways in which these lessons could apply to corporates from other industries.
The ten lessons to address current weaknesses in risk management , which are listed below in no particular order of priority, can be summarized as follows:
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