Radar as Risk Management Paradigm

Excerpt from GARP.org

By David X. Martin

Increasingly sophisticated, forward-facing techniques such as scenario and cross-impact analysis will be crucial in coping with the fast-changing nature, pace and severity of risks.

If there’s anything that smart investors know for sure, it’s that the future looks nothing like the past. We need only reflect on recent failures in business and in government to see that established ways of thinking about risk are faulty. Managing risk in the future requires a paradigm shift – one that takes into account three emerging trends in systemic risk.

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