"Your brand is created out of customer contact and the experience your customers have of you" - Stelios Haji-Ioannou, Chairman, EasyGroup
The risk management departments are sometimes perceived in negative light due to their role in the organization. The business operation teams view the risk management departments as office police, watch dogs, critics and messengers of bad news. The basic job function of the risk management departments is to:
Many states are enacting data breach notification laws, but Connecticut is the first state to have its insurance department get involved, enacting what is known as Bulletin IC-25. Wanting to know more about this recent development, I contacted Ed Goodman, chief privacy officer at Identity Theft 911. Below is our exchange:
What is Bulletin IC-25?
EG: On August 18, 2010, the Connecticut Insurance Department issued Bulletin…Continue
Risk management approach depends upon who you talk to - project managers have a different view from financial analysts who have a different approach from actuarties and so on. This can result in multiple and sometimes contradictory conclusions about the assessment of the risk of an event.
We frequently get questions about how complexity management is different from risk management. Luckily, complexity management does not suffer from this problem of diversity of opinions! But…Continue
Added by B.R. Deshpande on September 14, 2010 at 8:43pm — No Comments
Do you have a plan for what to do when your parachute doesn’t open?
Well, if you do not, pay attention. Here is a 6 step checklist for what to do:
Despite recent news reports that the Basel III liquidity requirements are to be pared back, financial institutions are still facing vast regulatory challenges. They already have to hold more capital and liquidity, as well as report on this daily. Going forward, institutions will also have to demonstrate the processes and controls used to put together reliable information. Never before have risk and data management been so interwoven.
The real challenges facing institutions…Continue
Added by Norbert Boon on September 13, 2010 at 12:25pm — No Comments
We are SMART INVESTMENT GROUP LIMITED LIABILITY CORPORATION. This company was the brainchild and was founded by a group of really talented real estate professionals focusing on the goal of enabling financial independence through sound financial planning and real estate investment.
Today SMART INVESTMENT…Continue
Added by Erica Tamika Edmond on September 13, 2010 at 8:25am — No Comments
Why should organizations be concerned about Reputation Risk?
As the world become more and more networked, more and more companies are exposed to a changing set of vulnerabilities. The landscape of risk has changed. No longer can any country or organization ignore the
happenings of 911, Bali and London.
In this new world, incidents can damage a good reputation purely because an organization can take too long…Continue
Added by Deon Binneman on September 11, 2010 at 5:30pm — No Comments
Added by anil jha on September 6, 2010 at 5:03pm — No Comments