The Crisis and Its Lessons, Relearned

GARP Risk Podcast

Risk managers’ role “involves two related but fundamentally different tasks,” David M. Rowe writes in An Insider’s Guide to Risk Management. Rowe expounds on these tasks – avoiding a “death of a thousand cuts” in normal market conditions, and protecting firms from the potentially lethal impact of catastrophic events – with insights from a 40-plus year career in economic forecasting and risk management, and in the context of “Relearning the Lessons of the Global Financial Crisis,” which is his book’s subtitle. Ground covered in our podcast interview includes risk culture, systemic risk, and regulatory and technological change.