Enterprise Risk Management and the Cold War

If you think relations between the U.S. and Russia are strained now, consider the 1980s. It was the culmination of the Cold War—an arms race between the U.S. and the USSR. Tensions were high, and there was one thing keeping everything in balance: mutually assured destruction, or MAD. As difficult as that period was, it provides useful guidance for financial institutions when it comes to how they can approach their enterprise risk management. [4/7/15]