The Emergence of a Cognitive Risk Era: Cognitive Risk Fram..

Show Me: Jump to:

The Emergence of a Cognitive Risk Era: Cognitive Risk Framework

The Emergence of a Cognitive Risk Era

 

 

Traditional risk frameworks, such as COSO ERM (1985), ISO 31000 (2009), and the Basel Capital Accord (1974) are modern inventions from the early 20th century formulated to respond to major failure in managing financial, operational, regulatory, and market risks. Traditional risk frameworks have been helpful in managing compliance risks with an emphasis on internal controls but lack the rigor to evaluate asymmetric risks that cause business failure.

Related Articles

Related Premium Articles