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Created by : Shabana Khan, Associate, Yes Bank  | 11 29 2008 13:54:53 +0000
Industry : BankingFunctional Area : Performance(Corporate Finance)
Activity:  864 views;  last activity : 07 06 2010 20:18:09 +0000
Which according to you is the best tool to mitigate risk?
 
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Crisis Management Vs Risk Management
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"CRISIS GIVE LESSONS AND LESSONS ARE TO BE STUDIED FOR IDEAS TO MANAGE RISKS."

Correct assessment and understanding the reasons or factors contributing the risk in Indian context. Donot go beyond the "so called International norms" . In India, there are risks which can be avoided.  Those canot be avoided, can be reduced or it's impacat can be defended.


By P K SARACHANDRAN, SBU/Profit Center Head Canara Bank  02 03 2009 02:33:00 +0000
 
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Proper risk management should ideally look at ideintifying factors that may lead to a crisis and mitigating the effects of any crisis as possible, being prepared for it. At the same time it cannot be denied that current events appear to indicate that risk management has failed for one reason or another. This may relate to a period of unbridled optimism, where risk management was considered as the deal breaker.

If anything current events appear to indicate that current risk management practices do not always lead to the desired effects.

Most of all I think the question/poll is not the right one: risk management implies proper attention for crisis management. And in these current times, risk management more tha ever also implies making sure you are not missing out on good opportunities and there are plenty.


By John Dierckx, Head/VP/GM-Operations, Dierckx & Associates Ltd / Arcis NZ Ltd t/a Arcis Fraud Discovery & Exposure Centre  02 11 2009 21:08:20 +0000
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crisis management is reactive. The fact is Mediocre risk management leads to a crisis and the art of managing a crisis unfortunately is very dependent on factors outside our control at most times.
By Shabana Khan, Associate, Yes Bank  | 11 29 2008 13:54:53 +0000
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In my opinion where risks are properly managed (and beforehand assessed) crisis is not likely to occur or hit deeply. If there would be no risk awareness then the likelihood of crisis would significantly increase and management would be occupied with managing one after the other.
By Kalman Kinde, FCCA, CFO, Nav N Go  | 11 29 2008 16:20:53 +0000
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I think both are interrelated Effective risk monitoring can give you early indicators and bolster and make crisis management more predictable.

By Pankaj Kulkarni, Associate, Indiabulls Research  | 11 29 2008 13:56:21 +0000
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