As the extraordinary economic performance of recent years has moderated, weaknesses that were once hidden have surfaced and have separated strong managers of risk from weaker ones. Those that use their recent difficulties as a catalyst for improving their riskmanagement practices are likely to flourish.
In the coming years, institutions both large and small that focus on risk-management fundamentals can expect to both support a growing economy and provide strong returns to shareholders. 4  BIS Review 19/2001