Key elements of sound risk management As is well known to the impressive international group of risk professionals in this audience, models are critical to understanding the nuances of risks embedded in complex financial transactions and portfolios, but I am sure all of you would agree that sophisticated techniques cannot be relied upon without the proper risk-management foundation.
Regulations for the Bureaus are expected to be gazetted by the Minister of Finance in the second half of 2007. One of the challenges facing us now is the presence of Pyramid Schemes that are not only fraudulent but also not known until one falls victim. Information asymmetry makes such a business thrive.