Risk Management Systems

[Posted by Umakanth Varottil]

1. In this column in the Mint, I attempt to stress the importance of systems for managing risk in the modern corporation.

2. In this post, Professor Jayanth Varma discusses whether systems and controls may have prevented the peculiar case of “a drunken broker (Steven Perkins) who bought $520 million of crude oil futures sitting at home at night with his laptop”!