The new year is nearly upon us and while the agonizing end of last year may seem far off, with the Lehman and Madoff events, recovery mode continues. Indeed, resilience, i.e., a company's ability to recover from a major shock, should be at the top of the list of concerns after such surprising turns of fortune.

Resilience is as essential for a company as it is for the environment or macroecono-mics, so it was logically the topic of the 1st annual R.I.S.K event organized by OTC Conseil in early December. In this month's newsletter, we briefly discuss the issues addressed during the event, which met with great success and will take place on a yearly basis.
 

An approach centered on the issues of vulnerability and resilience can be applied in very practical ways, in particular to liquidity risk. Managing risk and being able to manage with risks is one of OTC Conseil’s major concerns. Managing liquidity risk and defining the overall strategy of a bank must be done jointly. Indeed, as liquidity is directly linked to a bank's business model, it should be made part of the management toolkit. In this month’s newsletter, we offer some keys to implementing strategic and efficient management practices.

So have a good read, and see you next year!

Fayna Lionet
OTC Conseil Americas