Risk management cracks the whip. (Cover Feature).(Cover Story)

In Wall Street's risk-taking culture, the risk manager use to get overruled by the investment bankers. But not anymore. The banks have restructured and risk management is at the core of operations

Dick Thornburgh, Credit Suisse Group's newly installed chief risk officer; clearly relishes a challenge. Until recently the Swiss bank's chief financial officer, he is now charged with the substantial task of proving to the global marketplace that Credit Suisse has got risk management religion.

CSFB, its US investment bank, is fending off serious regulatory challen