October 2014 Blog Posts (11)

Risk Leadership: Operationalising Risk Appetite – Some of it lies within the data

Last month I mentioned a recent webinar I ran on Risk Appetite in which I pointed out that an articulated risk appetite statement is only the beginning.  You need managers to operationalise it so that staff can live it.



One part of operationalising risk appetite is through communication to staff.  Another part is through implementing a regime of risk tolerance…

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Added by Bryan Whitefield on October 31, 2014 at 4:58am — No Comments

Managing Director

What is the reason behind currency devaluation and prices fluctuation.

Added by Morris Lomere Frazer Lokosang on October 30, 2014 at 8:26am — 1 Comment

Writing an ORSA Report

Insurance regulators have made the Own Risk and Solvency Assessment (ORSA) into one of the global Insurance Core Principles that need to be adopted in all countries.

By Dave Ingram

Several countries have already adopted an ORSA…

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Added by Riskviews on October 29, 2014 at 11:30am — No Comments

Food For Thought – Pare Back Complexity

In my Trusted Advisor program I discuss the concept of wisdom with participants.  We draw out what it means and what it looks like.  I always ensure that simplicity gets onto the whiteboard.  At the end of the day, we all know that when we hear about something new that is very, very simple we are singularly impressed.



For many of us we have created complexity in what we do or deliver for seemingly many good reasons.  Take aircraft for example.  Around a century ago we went from a…

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Added by Bryan Whitefield on October 17, 2014 at 3:16am — No Comments

Alternative payments Part 4: Searching for the perfect payment solution

The market size and app richness in the new payments area begs the question, where is this all going? And what should the perfect payment solution of the future look like? In this final part of the blog series I look at issues that should be addressed to fast-forward the way we conduct payments.

  1. (Sore) Point of Sale technology

    If merchants are not convinced that new POS solutions will give them an advantage, wider distribution will be hard to achieve.…
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Added by Markus Sander on October 13, 2014 at 4:16pm — No Comments

Is it a benefit or risk to have audit and risk come together at one point in an organisation?



To clarify, the question I am asking is twofold.  One relates to the perceptions created for the end client, management and the Board.  The second relates to governance.



Taking the second question first, does having risk and audit report through to one person mean that that person has a conflict of interest? When might this be the case?  Under what circumstances?  Does it depend on the specific arrangements for risk and audit or is it simply better practice to not have them…

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Added by Bryan Whitefield on October 8, 2014 at 2:17am — 1 Comment

How Risk Management Technology Projects Succeed

CMS Wire's Norman Marks recent article, "Why Risk Management Technology Projects Fail," captures a common but limited viewpoint of Risk Management that limits its ability to succeed in any environment, whether supported by software, spreadsheets, or pen…

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Added by Steven Minsky on October 6, 2014 at 3:30pm — No Comments

Confessions of a naked wallet. Cashless and cardless on the streets of Germany

In the third of a four-part series, Markus Sander tests the latest payments innovations. This week: cashless and cardless payments.

Having equipped my phone with an NFC sticker (there are smartphone manufacturers that don’t see the need to integrate NFC into their ecosystem), I updated my six money apps, activated four mobile wallet solutions and was good to go.

My user…

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Added by Markus Sander on October 6, 2014 at 1:59pm — No Comments

My First Post in Global Risk Community

I'd like to introduce myself in this post. Having served in Defense for 20 years, I gained lots of experience in Crisis Management and Risk Management. Those experiences helped me in many other areas of life and profession. In Production, Marketing, and in Management I applied my previous experience and could get through successfully. I found the Global Risk community interesting and packed with lots of information. I also write of several sites on Various topics. I have written more…

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Added by Victor on October 3, 2014 at 3:43pm — No Comments

Time to revisit rushed Dodd Frank compliance?

Implementation deadlines have been and gone but banks are still living in Dodd-Frank’s shadow. One of the issues is that best practice hasn’t yet been agreed: the regulators still need to clarify standards. This is leaving many fumbling around in the dark for the right route to compliance.

While the regulators iron out the standards, several financial institutions have cobbled together ‘half-way house’ applications so they can tick the compliance box. Some have even resorted to Excel…

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Added by NeilVernon on October 3, 2014 at 12:26pm — No Comments

Risk Leadership - Board Director Appetite for Risk

I thought this article by the UNSW Business School put forward a well-balanced argument for and against the Australian Institute of Company Directors’ push for changes to corporations law to afford directors broader protection (see AICD article…

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Added by Bryan Whitefield on October 1, 2014 at 8:55am — No Comments

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