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Published on: 4/1/2008
Last Visited: 6/14/2008
"We don't even think about computers or IT or software solutions," says Dr. Alan Waring, chief executive of Asia Risk in Hong Kong."Those are just technical instruments,it's just creating an illusion of things being joined up."
"A lot of this is not necessarily capital-intensive," Waring continues.
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Such links, says Waring, mean that the challenge is often less about understanding individual risks deeply,individual department heads usually do a fairly good job at tracking basic risks within their silo,than making sure that there is a firm-wide understanding of those departmental risks."Things are interconnected.If you put false boundaries on things, you're asking for trouble," he says.