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Alfred Martin commented on Lesego's blog post Good vs Bad control
"The point is not about the design quality of controls, it's about its impact on risk. If poor design of control means that is doesn't do the job, e.g. because it is not followed, then its worthless and should be disgarded (or improved / replaced).…"
May 3, 2013
Alfred Martin replied to Kristi Rohtsalu's discussion Philosophically, what’s the main function of a bank’s risk control?
"I think a banks risk control is about what management wants it to be. It's a service provider to management.
The function of a bank's risk control, unless it is set-up as a decision taking body, can hardly 'actually control' risk. That is the task…"
Mar 19, 2013

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