Crisis must prompt risk-management reassessment

A new wave of transformation in the standards of risk management is now a priority, Andrew Haldane, the executive director responsible for financial stability at the Bank of England, has said.

Haldane said that the crisis necessitated a greater degree of engagement both between risk managers and senior management within firms, and financial firms and the authorities. He also advocated much greater transparency to the wider world about risk metrics and accompanying management actions. "These

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