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Abstract
Organizational balance is an essential requirement for successful risk management. The prospective requirement in the United States for independent Board-level Risk Committees may support improvement in this area at the very top of major financial institutions.
Notes
1. Peter Martin, Life after the myth, Financial Times, July 17, 2001.
2. See D. Rowe, Why institutions failed to manage their risk; Euromoney risk management handbook, 2011, pp. 19–20. Available at http://www.dmrra.com/publications/Other/201101%20Why%20Institutions%20Failed%20to%20Manage %20Their%20Risk.pdf