Research by Prof. Swagerman et al.: Insufficient risk management in financial sector

Risk management in Dutch companies is insufficient, inefficient and too superficial. That is the conclusion of the research report ‘Risicomanagement in tijden van crisis’ [Risk management in times of crisis] published by Prof. Dirk Swagerman of the FEB Controller’s degree programme together with Nyenrode, NIVRA and PriceWaterhouseCoopers. The large-scale research project into the status of risk management in 2009 was conducted at nearly 1,000 organizations in the financial sector with a turnover/budget of over € 10 million.

According to the researchers, the development of risk management in the Netherlands is still clearly in its infancy. In addition, hardly any progress has been made compared with five years ago, when similar research was conducted. Based on their findings, the researchers have formulated seven basic principles for adequate risk management.

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- Prof.dr. Swagerman