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Information systems for risk management
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Risk management information systems are designed to overcome the problem of aggregating
data across diverse trading units. The design of an information system depends on the risk
measurement methodology that a firm chooses. Inherent in the design of both a risk management
information system and a risk measurement methodology is a tradeoff between the accuracy of the
resulting measures of risk and the burden of computing them. Technical progress will make this
tradeoff more favorable over time, leading firms to implement more accurate methodologies, such as
full revaluation of nonlinear positions. The current and likely future improvements in risk
management information systems make feasible new ways of collecting aggregate data on firms'
risk-taking activities
Michael Gibson - Personal Name
NONE
Information systems for risk management
Management
English
1997
1-18
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