Wednesday, 14 January 2009

Measuring the right things?

Presumably those who measure or assess the performance of banks would - 2 years ago - have re-assured us of the excellent performance of UK High Street banks. Now, we see some of them 'brought to their knees' and most of the rest struggling to make it through this 'credit crunch' period.

Were we using the wrong measures? Or did we just forget the importance of measuring risk alongside other measures?

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