Perfection Impossible: Risk Aggregation
Strapline: Data Management
Perfect regulatory compliance and the absolute mitigation of risk may be the enemies of effective management of risk data, according to Keris Porbunderwalla, secretary general of Copenhagen Compliance, an advisory firm whose work includes governance, risk management and compliance issues.
"If we take a zero-tolerance approach to non-compliance, we're not going to achieve anything," said Porbunderwalla, who was discussing risk data management as part of a panel at the European Financial
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