Risk Management: One Institution’s Experience

I am very pleased to be part of this forward-looking conferenceon developments in capital regulation. Because thepurpose of capital is to support risk, I decided to approachthis session from the viewpoint of someone leading aninstitution that depends, for its success or failure, on howwell it manages risk. My plan is to take you through myexperiences at Chase Manhattan Corporation and to closewith some thoughts on the implications of these experiencesfor capital regulation in the twenty-first century.[...]