Regulators

Clarifying responsibility in digital changes and more decentralised decision making by Clive Martin

The big changes happening around us provide opportunity for a better way of clarifying responsibility.

One of the first letters to an editor I wrote was in 1990 or 1991 and it was to Paul Bawcutt who was the editor of a risk management journal called "Foresight". It was on the subject of whether risk managers should have direct responsibility for managing risk or not. There were different views around at the time and there still are today. A quarter of a century has passed and the debate over the roles of risk functions and others involved in managing risk still rages on.