What is the Global financial crisis
The extract beneath offers a summary of the movements that would assist to avoid a repeat of the global financial crisis. Many organizations lack a not unusual risk management framework throughout the organization. This has many factors, every of that is required to help keep away from similar screw-ups in destiny:
4 Measures to help prevent the recurrence of the global financial crisis
- First, there should be standard methods, terminology, and practices for managing risks of all kinds
- Second, risk tolerances must be fully explained, communicated and monitored across the enterprise.
- Third, risk management practices should be combined into all key business processes and decisions.
- And, fourth, management should make risk-related decisions applying dedicated high-quality risk data