Risk Management Strategies Quotes

In my view, Asian countries have learnt the lessons from the past and significantly enhanced their capabilities to fend off risks.

I think that's unjustified criticism. We have had a number of measures in place in this country for several years to mitigate the possibility of mad cow spreading in this country. We have found a single case.

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.

Our agricultural economy in the Hudson Valley continues to face historically low prices and producer income, as well as losses due to weather and other disasters.

Great Britain had a much different situation than we do and did here in the United States, in that they had literally thousands of infected animals with human health risks. Their infectivity in this disease happened before very much was known about it.

The best approach to risk is to identify and manage it.

The ones who make it, are the ones who manage risk.

When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a number of firms were not dotting the i's and crossing the t's when it comes to risk management.

I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems to me that he rightly points out that risk managers miss a lot of the risks, but the conclusion is that he draws, is that we should abandon risk management, whereas my conclusion is we should improve it.

Keeping the risk management plan up to date can transform it from a door stop into a vital project management tool. Remember: what you don't know can kill your project.

I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes. First and foremost, they were a tool which initially was seen as being useful in managing the bank's own risk management challenges.

When something looks really risky from the outside, what people are doing on the inside - they're not professional risk takers. But they're probably professional risk mitigators.