Both art and science - risk management in the 21st century

At a seminar hosted by the City University of Hong Kong and Riskmetrics Group, Riskmetrics' CEO Ethan Berman outlined his vision of what risk management was in today's volatile market, with a special focus on banks and their changing regulatory concerns. Berman, an alumnus of JPMorgan's groundbreaking risk management group, began by saying what most in the financial market already knew – that finance these days is all about managing risk. And in Asia, the main risks that banks face ar…