{"id":3563,"date":"2013-08-13T17:12:48","date_gmt":"2013-08-13T16:12:48","guid":{"rendered":"http:\/\/www.chaordicsolutions.co.uk\/blog\/?p=3563"},"modified":"2013-08-13T17:12:48","modified_gmt":"2013-08-13T16:12:48","slug":"importance-of-risk-management-in-restoring-post-crash-confidence","status":"publish","type":"post","link":"https:\/\/www.chaordicsolutions.co.uk\/blog\/from-our-risk-management-consultants\/importance-of-risk-management-in-restoring-post-crash-confidence\/","title":{"rendered":"Importance of risk management in restoring post-crash confidence"},"content":{"rendered":"<p><a href=\"http:\/\/www.chaordicsolutions.co.uk\/blog\/wp-content\/uploads\/2012\/05\/businesscontinuitymini.jpg\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-36\" alt=\"businesscontinuitymini\" src=\"http:\/\/www.chaordicsolutions.co.uk\/blog\/wp-content\/uploads\/2012\/05\/businesscontinuitymini.jpg\" width=\"97\" height=\"64\" \/><\/a>Importance of risk management in restoring post-crash confidence: some progress made but more work still needed.<\/p>\n<p>&nbsp;<\/p>\n<p><!--more--><strong>Extract from Economist Intelligence Unit &#8211; Management Thinking:<\/strong><\/p>\n<div>\n<p><em>To assess the progress and shortcomings of financial institutions in meeting new regulatory requirements the Economist Intelligence Unit polled 350 senior-level executives at financial services firms in March 2013.\u00a0 The survey, sponsored by Protiviti posed questions about their firms risk management defenses before and after the crisis.\u00a0 Most respondents hailed from Western Europe and North America, with the bulk of the remainder in the Asia-Pacific and Eastern Europe.\u00a0 Those polled represent the main financial industry sub-sectors, with about half in banking, nearly one quarter in insurance and the balance in capital markets and private investment funds.\u00a0 The survey finds that just a small minority of respondents rate their risk management systems as fundamentally sound over the crisis.\u00a0 Yet increased regulatory pressure ranks as their greatest risk management priority.\u00a0\u00a0 Survey results also single out actions taken since the crisis to shore up risk management defenses, and obstacles that impede such efforts, including resource shortages.\u00a0 But, respondents noted, compliance brings many benefits including better operational efficiency and customer assurance.<\/em><\/p>\n<p><em>You can download the <a href=\"http:\/\/www.managementthinking.eiu.com\/sites\/default\/files\/downloads\/EIU-Protiviti-Risk-Management-Capabilities-Survey.pdf\" target=\"_blank\">full report here<\/a><\/em>.<\/p>\n<\/div>\n<div><strong>More:<\/strong> <a title=\"http:\/\/www.managementthinking.eiu.com\/restoring-confidence.html\" href=\"http:\/\/www.managementthinking.eiu.com\/restoring-confidence.html\" target=\"_blank\">http:\/\/www.managementthinking.eiu.com\/restoring-confidence.html<\/a><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Importance of risk management in restoring post-crash confidence: some progress made but more work still needed. &nbsp;<\/p>\n","protected":false},"author":1,"featured_media":36,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[40,167,172,43,41,42,94,95,35,168,173,11,10,12,98,100,34,181,182,20,18,19,110,111,135,128,169,175,131,129,130,132,133,134,36,170,183,39,37,38,101,102],"_links":{"self":[{"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3563"}],"collection":[{"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3563"}],"version-history":[{"count":4,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3563\/revisions"}],"predecessor-version":[{"id":3567,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3563\/revisions\/3567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/media\/36"}],"wp:attachment":[{"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chaordicsolutions.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}