You like FREE content. We like getting a paycheck. Please support us by disabling your ad blocker on our website.
Our PROMISE: Our ads will never cover up content.
Our children thank you.
As the world seeks to extricate itself from the worst financial crisis for many decades, many senior risk professionals and independent experts are asking about the roles, responsibilities, and limitations of risk management in the world’s financial institutions. Are the tools available to risk managers fit for the purpose? Is there appropriate expertise and leadership at a senior level to guide risk management? Do risk managers lack authority to rein in the excesses of risk-takers? Is there sufficient understanding of potential risk concentrations across institutions’ full range of operations?
I always look forward to this time of year. Not in anticipation of prezzies under the tree, but for what changes 2009 will bring.
First, this issue brings you the last columns for two long-time columnists.
Davis Balestracci’s no-nonsense approach to statistics has been popular with our readers for four years. Irreverent, confrontational, and, hey, let’s say it, just a bit feisty, Davis has challenged our readers’ inbred assumptions about when and how to use statistics. Thanks, Davis, for four years of wit and wisdom and showing us how to “plot the dots.”
Stepping in to take Davis’ place is a man often quoted by Davis, Donald J. Wheeler. As the author of 24 books and hundreds of articles, he is one of the leading authorities on statistical process control and applied data analysis. He is a Fellow of both the American Statistical Association and the American Society for Quality. Don was also Quality Digest’s SPC columnist from January 1996 to December 1997. Welcome back, Don.
Ten Steps to Address Risk Management 
