Risk Controls to Receive More Scrutiny

As more attention is devoted to post-mortem analysis of the economic meltdown and what financial institutions can do to improve their risk management practices, it is becoming clear that regulatory and credit rating scrutiny will become much more intense.  Here is an excerpt from an article in today's London Times that supports this view.

 "there was the failure of external regulators and rating agencies to monitor the banks' risk-controls. Despite deficiencies in bank management, some of the problems could have been averted with stronger checks and balances from the regulatory bodies charged to assess risk. But rating agencies undervalued risk when assessing new products. And regulators ignored the dangers of macroeconomic contagion, as well as failing to apply any independent checks to the risk models used by banks."

How is your company preparing for the increased scrutiny?  Wheelhouse Advisors can help with cost-effective strategies to manage your risks and meet stricter regulatory requirements.  View the brief video below or visit www.WheelhouseAdvisors.com to learn more.

[googlevideo=http://video.google.com/videoplay?docid=6188056548864645559]