Making the most of a principle-based system
Document ID: 2010-1793
Published on: 19th April 2010
Author: Craig Turnbull
Globally, risk-management rainmakers have embraced principle-based approaches to risk and capital as a best practice to which we should all aspire. But, as with anything else, the beauty of a principle-based risk measurement system lies in the eye of the beholder. To purists, current practices and future intentions may appear to fall short on some of the fundamentals that differentiate a principle-based risk measurement system from the prescriptive approaches that they replace.
