Risk Management Budgets to Fall by 2014

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Suranjan Som is head of strategy and business advisory at the IMGroup.

In the Risk Nation 2013 Report, sponsored by the Information Management Group, Risk Nation found that although sell-side firms are giving higher priorities to risk management than their buy-side counterparts, the portions of their budgets specifically dedicated to risk management are set to decline. According to the report, maket risk is the most crucial to manage, scoring 83 percent with respondents, followed by credit risk, operational risk and liquidity risk, 77 percent, 69 percent and 63

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