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The SSG and My Two Brains
Mar 1, 2008
In the midst of the recent market turbulence, the Senior Supervisors Group, a group of financial supervisors from five countries, published a document detailing their view of risk management practices in a number of large financial institutions, with an eye toward identifying those practices that differentiated those firms that performed best through this difficult period.
Though the document largely addresses banking practices, there are numerous lessons for other financial institutions, as well as for risk management service providers. We react to the document, reflecting on what the risk modeling community has done well and not so well leading up to recent events.
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