The New Era of Global Risk Management

Over the past 18 months, we’ve witnessed what can happen when risks are wildly mispriced. Just as the aftermath of the 1929 stock market crash led to reforms that made such crashes less frequent, the current crisis has awakened nearly everyone to the enormous pain that a failure to manage contemporary risks creates. The interconnectedness of the global economy is now, for the first time, forcing investors and regulators to think in terms of a Global Risk Management framework. Why is this important? How is this likely to evolve? And, what are the implications? We’ll exp.....