In the past decades telecom industries were still appreciating the needs for the fully fledged risk function lately there has been a paradigm shift for most of them if not all have embraced the need for risk function
OPINION
Today we see buildings falling, catching fire destroying billions of assets and customer sensitive documents being victims.
Organizations have remained operating without risk departments to provide oversight on risk related activities for business continuity, others are degrading risk mandate to junior officers overlooking attributes of risk, and some have structure with either chief risk officer or head of risk positions remaining vacant with no resolve of filling them in the near future others have gone ahead to even shut down the units of risks calling it costs deflating the aspect of hidden costs intrinsic without risk culture
To those institutions that deal in public deposits this can be so…
