Thanks to the actions of policymakers, investment banks enjoyed a strong year in 2009. Still, the risk of complacency remains. Banks that suffered most from the global economic crisis recognize the need for root-and-branch reform of risk management, while those that came through with only minor damage are also re-examining their risk architecture, processes, models, data and infrastructure. This supplement to the main report (Rebuilding Trust: Next Steps for Risk Management in Financial Services) examines the steps investment banks are taking to reinforce their risk management capabilities in response to the global financial crisis.