Unscripted

 

By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.

Risk management procedures are a script; a set of decision trees.  Dodd
Frank and Basle III are the ultimate scripts, in which no stage direction is
left for the actor to interpret.    However do you think the Gods of risk
use a script? 

Problems are unscripted.  Issues are unscripted.  Danger is unscripted. 
Opportunities are unscripted. 

Are your risk managers acting according to script?