Risk Management in Trying Times
Jacob, Tom, Mortgage Banking
THROUGHOUT 1998, EARNINGS reports from financial services companies have generally disappointed analysts and investors. Primary reasons given for lackluster performance are turmoil in global markets and domestic rate volatility leading to losses, write-downs and additional reserves. In many cases, apparently, market forces combined with poor internal warning mechanisms to produce a situation in which risk rapidly outran opportunity. Business managers in these scenarios found themselves unprepared for the sudden impact, stemming from ineffective or inadequate management of risk.
In an industry like ours, what makes effective risk management? How is it fostered? Where are the …
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Publication information: Article title: Risk Management in Trying Times. Contributors: Jacob, Tom - Author. Magazine title: Mortgage Banking. Volume: 59. Issue: 3 Publication date: December 1998. Page number: 13+. © 2009 Mortgage Bankers Association of America. Provided by ProQuest LLC. All Rights Reserved.
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