As part of our occasional series of conversations with compliance and risk executives, we caught up with Michael Pizzi, chief risk officer at E*Trade Financial. Prior to the financial crisis, E*Trade had made sizable investments in mortgaged-related assets—toxic assets whose value ultimately plummeted, resulting in substantial writedowns for the financial services company. Inside, Pizzi talks about how E*Trade revamped its enterprise risk management framework to recover from its crisis predicament.
