The old adage “Innovate or Perish” should read “Innovate with Caution or Perish” in so far as the financial sector is concerned. Innovation and risk are two aspects of financial markets between which there is a great deal of tension. As such, inadequate risk management framework can make the difference between survival and death for an institution, particularly a financial institution.
"Poverty and Economic Growth: A Review," Technological and Economic Development of Economy, Vol. 22 (1), pp. 156-175.