Today’s volatile markets and sluggish economy have strained companies’ traditional risk-forecasting techniques to the breaking point—and many have just outright broken down, according to a recent Webcast hosted by Deloitte.
“One of the biggest challenges most organizations have is actually identifying their risk universe,” said Matt Hourin, senior manager of Deloitte’s risk-management practice. Risk scenarios that appear to be too far-fetched, for example, often aren’t included in that large picture—“but experience has proven to us that even the most far-fetched risks can sometimes happen,” he said.
Carey
Even mature risk models can be flawed due to the numerous ways that individuals ...