A stronger role for risk management

Since the 2008 financial crisis, banks have apparently devoted more attention and resources to their risk management systems and processes. Stuart Witchell, senior managing director at FTI Consulting, heads up the international firm’s Asia-Pacific risk and investigations practice, and has been closely involved in the changes underway. He shares his views and conclusions with FinanceAsia.

Let’s be clear, do banks actually want to reduce risk
Instead of seeing banks as monolithic bodies, it’s more useful to look at key groups within a bank to see how their priorities with regard to reducing risk may differ. For traders and those involved in the creation of “exotic” or...