Risk returns

The talk at the Asia Risk 2008 congress firmly focused on the lessons risk managers can learn from the financial turmoil and the future implications for the industry. Speakers and delegates felt a stronger risk management profession would emerge, but accepted that more regulation was inevitable. The Asia Risk team reports

Significant attention was placed on the risk management failings at financial institutions that have made huge losses - some large enough to push them into bankruptcy - during the current economic slump as the industry gathered for Asia Risk's annual flagship conference in late November. While there was a general acceptance that risk management had failed - or was perceived to have failed - in some important areas, risk managers had a newfound confidence that they would be taken much more