Thursday, 2 April 2009

A risk by any other name

On April 1st the G20 protestors in London identified my friends at the Institute of Risk Management (IRM) as one of their targets along with the Bank of England, the Royal Bank of Scotland and the Climate Exchange. Fortunately in the event, the police kept them penned in for such a long time that they never got round to the the IRM.

Good thing too as the IRM is the training body for all types of risk management, public and private sector, but not the financial risk management the absence of which caused all the problems.

If their offices had been trashed it would have been the greatest case of mistaken identity since the diethylene glycol scandal when the Austrians added anti-freeze to their wines to make them sweeter and when the story leaked the Japanese stopped buying Australian wines.

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