« PRMIA Names PRM Candidate of the Year |
Main
| New Chapter Opening in Ireland »
July 21, 2009
PRMIA and CMRA find that Credit Losses, Volatility and Government Changing the Rules are the greatest concerns of Risk Managers for 2nd Half 2009
PRMIA and Capital Market Risk Advisors (CMRA) today released preliminary findings of their risk governance survey, which also asked about the primary concerns of risk professionals for 2nd half 2009.
"The survey confirms our anecdotal findings that the government's inconsistency remains a major concern," said Peter Niculescu, a Partner at CMRA.
Over 140 participants from 27 countries participated in the survey, with the majority from the U.S. 32.4% of the respondents were from banks/investment banks, 22.4% from asset managers, and 13.8% from insurance companies. 34.7% of respondents had assets of $100B+.
Click here to see the top concerns for 2nd half 2009.
Banks ranked credit risk as their #1 concern (1.26) and "government changing the rules" as their #2 concern, while ranking volatility (2.63) as considerably less a fear than did asset managers, insurance companies and plan sponsors/endowments/foundations.
"PRMIA and its C-Suite subgroup have been leaders in facilitating interactions among Chief Risk Officers (CROs) across industry lines and we are confident that the Risk Governance Survey of which this question re greatest concerns for 2nd half 2009 was one component, will help inform best practices," said Steve Lindo, PRMIA's Executive Director.
The results of the Risk Governance Survey will be released on July 28. Participants will receive detailed, customized results comparing their practices to their peer group.
Posted by PRMIA_Marketing at July 21, 2009 08:08 AM
Post a comment
