Diplomatic Economic Club® Since 1997

LV EN RU News Trade Fair Riga Members area Articles
  • Contact ☰ menu ✕

    Risk management: concept, positioning and priorities  

    Eugene Eteris, European Studies Faculty, RSU, LLD, assoc. prof., 18.05.2009.

    Risk management (RM) covers several themes both general and sectoral. Present crisis has shown that RM was not taken seriously enough neither in the financial sector nor in general economic strategies and national development models. Strange enough, there is no evidence that RM is already being treated as one of the important aspect of organisations and/or undertaking’s activity. RM is in „decision vacuum“, as risk advice comes generally from regulatory authority; therefore unbiased RM is needed – global and national.

    At a time of present financial and economic crisis both lay people and authorities are asking the same question: how did it happen that the coming threats could not predicted or at least foreseen. It is true that RM was addressed already two years ago, e.g. Special Report on RM in Financial Times on May 1, 2007. Already then it made a couple of interesting conclusions: first, modern economic development created a new set of risks (more complicated and system-like), and, second, an optimal market based RM shall be installed for a market-based valuation of bank’s credit portfolio and „public“ assessment of national development models.  
    The author attempts to show that modern crisis has a systematic character, which has made it extremely difficult to predict and properly assess, hence the present outcomes. However some analysis can make the future risk assessment a more foreseeable and predictable task: the successful approach would challenge conventional thinking.

    Full text at the website of The Baltic Course Risk management: concept, positioning and priorities

    Articles »  Risk management: concept, positioning and priorities »  Views: 5226   Diplomatic Club

    Diplomatic Economic Club®

    Home  ::   About Diplomatic Club  ::   DEC news  ::   Cooperation  ::   Publications  ::   Trade Fair Riga  ::   Club archive   ::   Legal  ::   Contact  ::  

    close open

    Diplomatic Club for Peace Appeal to world leaders and humanity

    Diplomatic Economic Club strongly condemns and is not accepting any kind of aggression, military collisions, wars between countries, which are happening here close in the center of Europe, on the other continents of the world, in Asia, in Africa.
    Nothing can justify the use of force in any cases, everywhere it leads to suffering of civilians.
    We call all parts, leaders of all levels for a peaceful solution of any disagreements through the dialog and negotiations.
    Only the Peace on our planet, olny Friendship and mutual understanding promote the life of people.
    Please don't even allow yourself any thought about World War III, about nuclear weapons.
    All the humanity remembers the wars of the 20th century, and if somebody has forgotten, please remember. Diplomatic Club for Peace

    Stop War! Peace All over the World

    Diplomatic Economic Club
    unites members from 37 countries of the world.
    Diplomatic Economic Club – is a unique association where people from different countries are to find a common language and contribute to the development of contacts between businessmen of the countries they represent.
    1997 — the beginning of the formation of the idea of creating a club, the establishment of internal interactions in the club on the basis of international exhibitions in Riga, periodic meetings.


    She phrase „Economic Diplomacy“ assumes the diplomatic official activities that are focused on increasing exports, attracting foreign investment and participating in work of the international economic organisations