A partner to the business
The turbulence in the financial markets in 2007 underscored the need for sound risk management during times of difficulty. Risk management has evolved significantly since ING started in 2006 to strengthen the risk function. The change emphasises the role of Risk Management not only as a watchdog, but as an enabler and partner in generating value for shareholders. Risk Management works with the business to identify and execute business opportunities, lower the cost of funding and support strategic decisions.