The American Banker posted this short video on their web site today (01/07/2014).
“Why Risk Compliance Is Harming Risk Management”
Bankers are spending so much time complying with new regulations that they're in danger of giving short shrift to actual risk management, says Ingmar Bromstrup, a Principal at The Boston Consulting Group.
American Banker | January 2014
What a shame the video clip is only a minute and a half long. The issue deserves so much more discussion especially where IRR measurement and management is concerned. The more data bankers are asked to collect, the more scenarios they’re asked run, the more blinded they’ll be by information overload.
I agree each data point can provide more value and each scenario can provide additional insight. But at what cost? I think we’re definitely looking at diminishing returns.