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JP Morgan's Loss: Bigger than "Risk Management"

Harvard Business Review

The recent disclosure of a multi-billion dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management, the subject of our June 2012 HBR article, "Managing Risks: A New Framework." Each requires customized risk management processes.

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Managing Risks Means Managing Arguments

Harvard Business Review

Which is why managing those arguments, as Ina Drew appears to have done brilliantly during the financial crisis but wasn't around to do for the past couple of years, is so important. The words "risk management" usually evokes less subjective, more data-driven pursuits. MORE ON MANAGING RISKY BEHAVIORS.