Bankers hoping to escape the rigors of risk management ought to think again. Regulators are convinced the tool soon will become a must-have -- not just for the money-center banks but for almost all banks.

"I can tell you with some confidence that developing improved risk measurements will continue to be a priority for banks and regulators," Comptroller of the Currency John D. Hawke Jr. said in a recent speech. "The information revolution, technological advances, and intense competition that accompany any industry deregulation demand it.

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