Risk management is quickly evolving, according to a survey carried out by The Bank of New York BoNY. The firm has just unveiled a risk management study, which stresses the dawning of a new risk management frontier for institutional investors.
BoNY concludes that institutional investors mainly pensions funds are now placing operational risk and political risk on a greater footing relative to market risk when evaluating their overall risk management platform. The firm drew its conclusions after surveying 76 institutional investors in association with Wilshire Associates, ING and Harry Markowitz the recipient of the 1990 Nobel Prize in economics.
Some 70% of the...
