Association Luxembourgeoise
de Risk ManagementLuxembourg Association for Risk Management

At the end of a year that has been exceptional in many ways, "ambivalence" would probably be the term that best describes our feelings about 2010. Certainly our view of the future is strongly influenced by the experience of the past two years, which has raised numerous questions about how we measure and manage risk. Did the financial crisis reveal significant weaknesses in our ability to measure and manage risk? Or was it so exceptional that even an optimal approach to risk management could not have altered the plight of those financial service providers that suffered most during the crisis? These questions and many others formed the starting point for this issue of the PRiM Risk Newsletter, which is dedicated to the future of risk measurement.

For the keynote interview of this, our 20th, issue, we turned to academia and asked the opinion of three renowned experts in risk management: Professor Georges Hübner, Deloitte Professor of Financial Management at HEC Management School, University of Liège; Professor Philippe Jorion, Chancellor's Professor of Finance in the School of Business of the University of California at Irvine; Professor Christian Wolff, Director of the Luxembourg School of Finance. We are delighted to have such prestigious interviewees and hope that you are as stimulated as we were in reading what they have to say on this topic.