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Risk Experts: Uncertain Economic Times Need Education and Training

"Free capital markets will always be threatened by the spectre of a crash. It is a sad fact of human nature that confidence grows into exuberance, and then exuberance breeds doubts. The problem is that, if we are ignorant, doubts can turn into panic, and this is exactly what happened in 2008. We are still living in the dark ages of financial risk management, where financial apothecaries face each new crisis with leeches, blood-letting, mumbo-jumbo or simple, blind faith in the markets. In the UK, we invest many resources in the nation's medical health, yet we maintain a cavalier approach to its financial health. It will be many years before the depth of training for financial practitioners matches that of medical practitioners, as it should. To insist on PRMIA qualifications for financial risk managers is only the first, small step."
- Professor Carol Alexander, Chair of Financial Risk Management, ICMA Centre, Henley Business School at Reading


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