Kaminski: Risk Management Investment Must Go Beyond IT

Kaminski says risk systems must be flexible and have the ability to drill down through its models.

Vincent Kaminski is famously known as the man who sounded the alarm at Enron back in 2001, before the energy giant went belly-up. No one listened to him and his team of analysts, and a few months later, Enron filed for bankruptcy. Kaminski is now a college professor at Rice University, but he's kept a trained eye on the development of risk management systems. For a long time, he says, risk management systems were neglected as resources were directed to the front office and units generating in