The following is an excerpt from a just-released research report from Kennedy Consulting Research & Advisory (KCRA).
Crisis management has evolved rapidly over the past two decades, mostly in reaction to events in financial services. Consulting firms have had to develop in-house capabilities and tools to help address client crises that can easily engulf their entire organization, regardless of where they start. Crises can come in many different forms, ranging from rogue traders to meteor strikes, but for the purposes of this report we will be focusing on three particular types of financial service crisis:
• u0007Crises involving regulations.
