And the regulators should empower risk managers by finding out how many times they meet with chief executives and what they have recently vetoed, and by judging whether the traders respect them.
Persuading a trader to move to risk can be "like asking a trapeze artist to retrain as an accountant", says Barrie Wilkinson of Oliver Wyman, a consultancy.A question of cultureBesides, there is more to establishing a solid risk culture than empowering risk officers.
In order to empower risk assessors in their work predictive modelling software tools can provide valuable support, for example, by creating situation-specific models and running simulations for different contamination scenarios.
While the firm encourages risk-taking by its traders, it also empowers its risk managers - at other firms considered the back office - to constantly challenge even the most senior leaders to keep them from going over the cliff.
Replicated around the country, clean-energy corps could empower "at risk" young people to pursue green careers and help usher in Mr. Moe's vision.
This will empower high risk age group with the basic knowledge and skills ultimately protecting them from acquiring schistosomiasis, STHs and malaria.
Unless such groups are forced to choose between these conflicting identities, their participation in elections not only risks empowering extremists, it risks debasing the values of democracy itself.
Mr. Bush will also propose that the Energy Department be empowered to underwrite risk insurance for companies or investors who are willing to try to get approval for new nuclear power plants.
He serves on the senior board for CampInteractive which empowers at-risk, inner-city youth through the inspiration of the outdoors, and the creative power of technology and passionately supports charity:water, a New York based organization which aims to provide clean and safe drinking to people in developing countries.
Our efforts to empower at-risk women have presented some unique challenges.
All in an effort to empower at-risk youth through writing at zero cost to their programs.
