Supervisory emphasis on the importance of risk management is also clearly beneficial. The efforts that supervisors have made to highlight appropriate practices, policies, and procedures in regard to various risks is desirable and helps to increase the rate at which effective risk management approaches are adopted across all industries as well as industry- wide within a sector. Looking forward, supervisors should seek to understand (1) how firms may be assessing those risks that are traditionally less common in their sector than in other sectors, and (2) the methodologies that firms are developing to provide a consolidated firm- wide view of risk that.
