With the rising costs of data leaks and the increasing ROI of proactively securing data, 2012 is seeing Data Loss Prevention (DLP) become a priority for IT professionals. Strong DLP strategies are helping companies lower their risk of security breaches and the threats associated with the emergence of cloud computing and the consumerization of IT. This summit will reacquaint IT professionals…Continue
Added by Boris Agranovich on March 31, 2012 at 5:30pm — No Comments
Value at Risk (VaR) is often criticised. This is especially the case from those who don't use it, no surprise there and I label such propaganda as statistical xenophobia by the masses.
In this post we look at the problems with VaR and what can be done to improve this measure of potential downside.…Continue
Added by Martin Davies on March 30, 2012 at 11:30am — No Comments
It is a time of clichés for banks as they currently find themselves caught in a Catch-22, stuck between a rock and a hard place. In the UK, government initiatives such as ‘Project Merlin’ have been put in place to encourage banks to lend more freely. At the same time, new regulations or initiatives such as Basel III, Recovery and Resolution plans and leverage limits are coming to the fore,…Continue
Added by Ian Rawlinson on March 28, 2012 at 3:52pm — No Comments
WRIN.tv Today: Iran sanctions; Solvency II requirements; Hartford exits annuities; Affordable Care Act goes to Court; Beazley's new Healthcare Regulatory Liability cover.
Added by J. P. Greene on March 27, 2012 at 2:17pm — No Comments
(A report from the Economist Intelligence Unit)
More than ever, boards and senior management want to understand overall risk exposures, and be provided with clear, consistent information in a timely manner. With corporate governance legislation increasingly stressing the importance of personal liability and accountability for executives and non-executives, companies cannot afford to be in the dark about their risk position
Visibility into decision making can help preserve a…Continue
Added by GlobalRiskCommunity on March 25, 2012 at 2:30pm — No Comments
Added by Martin Davies on March 24, 2012 at 5:00am — No Comments
Research from the Chartered Institute of Internal Auditors has revealed that more than half of the fines handed out by the Financial Services Authority (FSA) in 2011 were as a result of weak internal risk management systems. Fines can be issued by the FSA when organisations breach any of the eleven principles (operational and ethical). The research announced by the Chartered Institute of Internal Auditors this week, shows that 60% of the FSA’s fines in 2011 were as a result of weak risk…Continue
Added by Rebecca Beard on March 22, 2012 at 1:48pm — No Comments
Is My Local Insurance Company Really Solvent (INT206)
Added by Darlene Lebron on March 21, 2012 at 9:19pm — No Comments
This guide from Hudson gives an overview of hiring activity and key trends in the market across the European and Asia Pacific regions. It also details salaries for risk professionals in 2012.
Please give your feedback
This guide offers an insight into the current hiring market in London, not only detailing salaries and benefits, but also the broader recruitment trends foreseen for the marketplace in 2012.
This salary and market report is indicative only. Please give your feedback in the feedback field below…
Added by Boris Agranovich on March 21, 2012 at 2:00pm — No Comments
A risk taxonomy, the brains of an enterprise risk management software platform, creates a common language to make working across operational silos possible. It also creates the basis for a risk management discipline, so rather than reacting to seemingly "one off situations" the entire organization can standardize and prioritize how assessment, mitigation and monitoring are applied in a common comparable way to build risk management competency across the enterprise.
Added by Steven Minsky on March 21, 2012 at 1:00pm — No Comments
HML, a StratexPoint user, has been on a risk management journey to make risk management part of the DNA of their organisation and in doing so, deliver real business benefits.
It should become part of the firm’s DNA and simply the way business is done – reflected in the effectiveness of management doing the right things. At a basic level, risk management is simply there to support decision making, allowing opportunities to be seized and value created.
The benefits that HML have…Continue
Added by Rebecca Beard on March 19, 2012 at 11:18am — No Comments
The industry is watching World Risk and Insurance News...are you?
This week on WRIN.tv:
Tuesday on World Risk and…
Added by J. P. Greene on March 15, 2012 at 3:09pm — No Comments
Organizations need to build a robust Enterprise Risk Management (ERM) framework or risk taxonomy, which provides a holistic view of all information and relationships across the organization. Taxonomy structures and preserves the integrity of information, so as changes occur in multiple parts of the organization, managers can compare risks on an 'apples to apples' basis and connect…Continue
Added by Steven Minsky on March 14, 2012 at 5:00pm — No Comments
In the world of operational risk, there are a lot of analysts who believe that they can dimension the impacts from uncertainty by counting the number of events they experience over a period of time and then multiply that count by the average loss amount for the total event horizon they observe.
This approach for quantifying…Continue
Added by Martin Davies on March 12, 2012 at 4:20pm — No Comments
A study from the Chartered Institute of Internal Auditors revealed that weak risk management systems were responsible for more than half of all the fines handed out by the FSA to financial services businesses, amounting £38.5m during 2011.
If one needed a strong signal that ineffective risk management and poor internal control systems were taken seriously by the regulator, this is it.
Weaknesses and failures in risk management often result from poor communication and…Continue
Added by Rebecca Beard on March 12, 2012 at 10:30am — No Comments
ISO 31000 is becoming a popular risk framework, a credible alternative for COSO and many organisations across the planet are now selecting this approach for formalizing their internal risk programs directly. Actually, ISO 31000 is probably taking the lions share of market interest for risk management at present and that isn't such a bad thing.…Continue
Added by Martin Davies on March 10, 2012 at 6:00am — No Comments
This white paper explores data loss from a contrarian point of view - exploring the top 7 shortcuts you can take to ensure that you lose your data. And since a fundamental responsibility of any information technology professional, as well as any C-level executive, is to ensure that the data upon which any company is created is protected - scrupulously following these shortcuts should also ensure that you lose not only your data but your job as well.
Added by GlobalRiskCommunity on March 8, 2012 at 3:36pm — No Comments
Risk taxonomy is the framework of naming, organization and managing the relationships to manage your risk information. Your ERM program and any Enterprise Risk Management (ERM) software you use depends upon it.
Most organizations have an organizational chart of how their people are connected. To be…Continue
Added by Steven Minsky on March 8, 2012 at 1:30pm — No Comments