search query: @author Bookstaber, R. / total: 6
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| Author: | Bookstaber, R. |
| Title: | Risk management in complex organizations |
| Journal: | Financial Analysts' Journal
1999 : MAR/APR, VOL. 55:2, p. 18-20 |
| Index terms: | FINANCE RISK MANAGEMENT |
| Language: | eng |
| Abstract: | We can manage risks only when we can identify them and ponder their possible outcomes. We can manage market risk because we know security prices are uncertain; credit risk because we know missteps are possible in settlement and clearing. But despite all the risks we can control, the greatest risks remain beyond our control. These are the risks we do not see, things beyond the veil. The challenge in risk management is how to deal with these unidentified risks. |
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