BoE's Clark on risk management

In the speech 'Prudential regulation, risk management and systemic stability' given on 20 October Alastair Clark of the Bank of England said risk identification, risk measurement and risk management have become increasing challenges in an ever more complex and interconnected global financial system.

"Perhaps the most important is stability in the macro-economic environment. History shows that episodes of financial instability have often originated in poorly-judged macroeconomic policies or

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