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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 779 |
Essay's paper body
If a trade turns sour, is the trader at fault, or is the risk manager who failed to block the deal? Third, it leads to conflict. While strategic risk takers will never feel threatened that a super risk taker might usurp their prerogatives, tactical risk takers often do. At some firms, the result has been a cold war between the front and middle offices...
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At some firms, the result has been a cold war between the front and middle offices. Finally, risk managers are positioned to be used as scapegoats. With corporate scandals fresh in memory, we can understand why some senior executives may be all too happy ascribing full responsibility for risk taking to a chief risk officer...
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