Untangling the web

Ruling out the need for a major software infrastructure project, web-based concepts make perfect sense for enterprise-wide risk management systems, says Martin Chavez

In the past, banks with bulletproof risk management strategies have created competitive advantages for themselves in the wake of market debacles such as Enron. The same phenomenon is likely to occur in the corporate sector now, starting with the much-maligned energy traders. Clever companies will add economic value by:

increasing the quality and transparency of their returns on gross invested capital;
shifting capital away from diversifiable commodity risk and towards their