The ongoing chaos on Wall Street could hold an upside for vendors of risk management technologies and practices. Analysts expect an increased interest in these products from financial companies for competitive reasons. Financial risk management makes a “wonderful scapegoat” for the current crisis, an analyst says. The Wall Street crisis has exposed some fundamental shortcomings in the risk-modeling technologies and analytics being used currently, he says. Financial companies are aiming to integrate the different slices of risk to get a better understanding of the problems that led to problems.”]
Source: https://www.csoonline.com/article/2123286/ws-meltdown-could-spur-risk-management-spending.html