Managing Risk in Uncertain Times

June 30, 2009

Henry Ristuccia, Partner, Deloitte & Touche LLP, discusses how companies missed the critical risk factors leading up to the banking crisis. Ristuccia outlines steps companies need to take to better manage risk in economically challenging times.

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Organizations can no longer

Organizations can no longer afford to treat risk in silos, in separate departmental level initiatives. Risk management needs to be an integrated, enterprise wide approach, keeping focus on multiple key indicators which show early warning signs of potential business problems, with pre-planned strategies to address potential risks.