Risk Management

TO: ALL RISK MANAGERS IN THE PUBLIC SECTOR
FROM : DR. JOHN VONG

Many people think that risk management is only applied in private sector. That kind of thinking is flawed. The public sector has risks too and care must be taken to manage those risks to avoid a political fallout that could. At the central government level the risks can be a national issue (for example, the Thailand case study) and have national consquences. At the local government level or provincial level, the risks will have adverse consequences for local authorities and may even be riased to the national level.

Dear Readers

Many readers have asked whether there are any recent research articles based on EAGLES and SRQ. The straight answer is there are none.
The reasons are:

1. We need to plan carefully how, where and when we present our research.
   The banking sector in every nation is a powerful lobby group.
   (My travel visa was nearly revoked twice in 2 countries for presenting research papers on the macroview on weakness of the banking sector. No bank names were disclosed. Many central banks do not wish to hear external researchers telling them the bad news).