What price risk?(NEWS)(risk management)

IN PUTTING PEN TO PAPER FOR MY INAUGURAL ARTICLE, I HAVE BEEN conscious of the high standards and expectations set by Peter Trout's long tenure in this column. I am also conscious that our Australian banks have set high standards and expectations for their performance over a long period of favourable conditions.

As I reflected on this--and on the daily flow of media questioning whether these conditions are shifting--my mind turned to the risk management functions at our banks, It would have been easy for them to lower their investment in risk management over such an ext