The RMIA 2010 Annual Conference Committee will offer an exceptional line-up of prominent Australian and international risk management and industry leaders presenting at this year’s Annual Conference at the Sydney Convention Centre on 21-24 November.

A failure to understand fundamental principles and implement sound risk management practices were key factors behind the global financial crisis.

That’s one of the findings in a white paper released by the Risk Management Institution of Australasia that corrects some misconceptions about risk management’s role in the GFC.

Much public analysis and finger pointing has occurred in an attempt to identify the triggers for the current global financial crisis. Two related but incorrect assertions have emerged from this process. One is that conventional risk management has failed. The second is that organisational resilience, supported by corporate governance and risk management, is the new assurance process for promoting business success.