Debra Baker | Head, Global Risk Solutions, Asset Servicing
"When it comes to managing risk," Debra Baker says, "there's not only been an evolution, there's been a revolution." Debra, who heads Global Risk Solutions for BNY Mellon, is talking about the sea change that occurred after the financial meltdown of 2008. The event transformed the traditional view of risk management held by participants.
Sellers and buyers looked at risk differently, prior to 2008. One side focused more on historical analysis, while the other looked closely at forward measures and exposures. Now, according to Debra, "there's just as much focus, if not more, on risk (by both sides)." Her suggestion on managing risk in the new environment may be summarized as follows:
She also thinks it is important to work with clients, regulators, and industry stakeholders in an advocacy role, wherever and whenever you can, to help shape local requirements.
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