To cope, companies must adopt new risk management strategies such as the risk appetite architecture. Ultimately, these strategies will help companies better understand risk, rebuild confidence, and steady the pendulum.
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- Alan Gemes is a senior partner with Booz & Company based in London. He is the global head of financial services for the firm and has worked with many of Europe’s leading banks and insurers.
- Peter Golder is a principal with Booz & Company with the financial-services practice based in London, specializing in corporate strategy, capital markets, and risk management.
- Also contributing to this article were Booz & Company Senior Associate Yogesh Patel and Principal Hussein Sefian.