Feature: Performance and Risk Management: Risk and Reward
Risk management and performance is the topic du jour. A series of high-profile lapses have illuminated the need for trenchant risk management processes and the disastrous consequences that can ensue when risk and performance become uncoupled.
Société Générale’s eye-watering $7.1 billion loss in January 2008 dwarfed previous corporate scandal losses, and most recently Kweku Adoboli, the UBS trader charged with fraud and false accounting, cost UBS an estimated $2.3 billion.
These incidents
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