Risk measurement: A call for standards

Risk professionals and investors would both benefit from industry-wide norms

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Professional risk managers are a curious combination of artist, scientist and practitioner, simultaneously employing intuition, complex mathematical analysis and hard-earned experience.

It's no wonder, then, risk management is awash in many creative and innovative approaches to both measuring and managing different types of risk. The type of person attracted to the field relishes creative technical expression. But the same dynamic that calls for a growing spectrum of risk measures hampers its b