PwC report pans limits in risk management
Corporate risk managers are too focused on complying with regulations at the expense of helping their companies operate, according to a new report.
The report, published today by PricewaterhouseCoopers and the Economist Intelligence Unit, criticises corporate risk managers for "a tendency for successful risk management to be defined in regulatory terms".
The danger, the report says, is that reduced regulatory pressure will mean managers will ignore risk management issues. "If this is the case, it would certainly be dangerous. Should an event that could have been foreseen take place in the context of less rigorous management oversight, the
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