It is fashionable today to talk about the role of risk management in the global financial crisis. Indeed, risk management had a role – a very important one. As we look back and closely examine what has transpired, we often hear the same questions expressed with a noticeable point of inflection in the voice pitch: What were they thinking? What did they know? How did they let this happen? This issue of The Bulletin explores 10 common risk management mistakes and how they can be avoided.