Effective risk management in financial institutions: the turnbull approach
Abstract
Risk management is more important in the financial sector than in other parts of the economy. But it is difficult. The basis of banking and similar financial institutions is taking risk in conditions of uncertainty. Describes how the Turnbull report, for which the author was project director, created a new underlying approach to risk. Provides a guide to the way in which the various Turnbull ideas have become the bedrock of risk management and suggests how they can be developed.
Keywords
Citation
Carey, A. (2001), "Effective risk management in financial institutions: the turnbull approach", Balance Sheet, Vol. 9 No. 3, pp. 24-27. https://doi.org/10.1108/09657960110696014
Publisher
:MCB UP Ltd
Copyright © 2001, Company