BoNY sees risk management evolution

Risk management is quickly evolving, according to a survey carried out by The Bank of New York (BoNY). The firm has just unveiled a risk management study, which stresses the dawning of a new risk management frontier for institutional investors. BoNY concludes that institutional investors (mainly pensions funds) are now placing operational risk and political risk on a greater footing relative to market risk when evaluating their overall risk management platform. The firm drew its co…