December 8, 2008

Balancing of Risks in a Game of Snap: The Coming Re-regulation of Financial Services

Global Financial Crisis Bulletin

Carol Beaumier, Bradford Brown and Jim DeLoach - Protiviti

The common thread permeating every aspect of the financial crisis is the breakdown of the management of risk. The systemic failure that caused this financial crisis has been an object lesson on a macro level of the impact of silos on the effectiveness of risk management. The dysfunctional activity that contributed to the crisis likely will lead to more regulatory oversight.