Prior to the most recent financial crisis,the risks faced by FIs have traditionally been measured and managed by

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Prior to the most recent financial crisis, FIs traditionally measured and managed risks through functional risk areas such as liquidity risk, price risk, or credit risk. While outside agencies and designated regulatory agencies may also be involved in the risk management process, they are not the primary means by which FIs assess and manage their risks. Enterprise risk management techniques have become more prevalent in recent years, but were not yet widely adopted prior to the financial crisis.

Prior to the Most Recent Financial Crisis,the Risks Faced by FIs