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Post by Sapphire Capital on Apr 6, 2010 10:19:25 GMT 4
Investment of Nigerian External Reserves [Risk Concept, Management, Challenges, Monitoring, Control and Compliance] Orok Ekpo Orok-Duke Cross River University of Technology Michael Usiabulu affiliation not provided to SSRN Uduak A. Essien-Ibok Akwa-Ibom State Polytechnic - Department of Business Administration March 13, 2010 Abstract: According to Suzanne Labarge, Chief Risk Officer, Royal Bank of Canada. “Risks in itself is not bad, what is bad is risk that is mismanaged, misunderstood, mispriced or unintended”. Managing risk or minimizing risk exposure is increasingly becoming the single most important issue for regulators, financial institutions and investment managers. The art and science of managing risk are more challenging than ever. Risk managers face a wide range of demands, from working with multiple variables to finding technology solutions that generate comprehensive risk analysis. Real-time access to accurate, updated market information is a critical component in the process. Added to this is the impact of so-called “Black Swan” events highly unpredictable, totally unanticipated occurrences with very high adverse impacts on organizations. Attachments:
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