In a recent discussion at a Cambridge Chief Risk Officer Council event, one bank official asked: “Why should a bank be worried about systemic risk? Its own risk should be its only focus.” The remark captures the tension between the micro and macro risk perspectives.
Michelle Tuveson, Executive Director, and Simon Ruffle, Director of Technology Research and Innovation at the Cambridge Centre for Risk Studies at CJBS, investigate what harm IT failures can have and how to avoid them.
Read the full article [ft.com]
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