Читать книгу Implementing Enterprise Risk Management - Lam James - Страница 14

The world of risk management fundamentally changed in late 2007 with the onset of the global financial crisis. Longstanding financial institutions such as Lehman Brothers and Washington Mutual were left to fail, while many other banks and non-banks received bailouts from nervous national governments around the world. It was clear that excessive debt and fatally compounded risks were the primary drivers of the crisis. What's more, a relatively strong global economy had disguised the fact that many institutions were betting on unsustainable levels of growth in pursuit of greater market share and increased profitability. In this chapter, we'll review the lessons learned from the financial crisis and other corporate disasters, and how the practice of enterprise risk management has fundamentally changed.