The paper is organised as follows. The first section outlines and explains four types of risk
management, with reference to their institutional origins, techniques and ambitions.
Recognising that the notions of ‘integrated’ and ‘strategic’ risk management are already in
existence, and used interchangeably, along with similarly loose adjectives such as ‘enterprisewide’
and ‘holistic’, the paper will attempt to (re)define and distinguish the two concepts
(Integrated and Strategic Risk Management) for the purposes of the analysis presented here.
Next, by presenting the case studies, the paper describes and explains developments in the risk
management mix of the studied banks. Some of the observed risk management types were
found to co-exist and compete even within the same organisation, representing (not always
mutually exclusive) alternatives. A discussion of the implications for the further development
of risk management and future research in this area will form the conclusion.