StratexSystems is running a series of 4 'How to' webinars around strategy and risk management. These events will be a combination of theory, based on the Risk-Based Performance Management approach, and technology.
Details are available at http://www.stratexsystems.com/stratexsystems-blog/2011/9/13/strategy-and-risk-how-to-webinar-series.html
Added by Andrew J Smart on September 26, 2011 at 12:38pm —
I thought I would post a quick note about a recent blog post one of our clients wrote about their risk management initiative and the benefits it has brought.
In this post, the Head of Operational Risk talks about risk management becoming invisible in the organisation and the challenges of proving (to regulators) that risk management is been undertaken if indeed it does become invisible.
I think it is worth a read -… Continue
Added by Andrew J Smart on September 26, 2011 at 12:28pm —
In this month's newsletter I have expanded on how to incorporate risk appetite into strategy development using the Four Quarters Strategy Framework. It contains a selection of high level considerations that can be debated at the strategy development phase.
As most readers here will no doubt appreciate, risk management issues in many organisations across the globe - large and small - still continue to be raised after the strategic plan has been… Continue
Added by Peter Deans on September 23, 2011 at 12:30am —
Boris asked me to attend the CFO magazine CPM
conferene n Dallas last week which I did on behalf of… Continue
Added by Christopher E. Mandel on September 18, 2011 at 10:05pm —
In ancient times, the ultimate collateral was the debtor’s personal freedom. A person who defaulted on a debt became an indentured servant of the lender in the case of default. This idea persisted in one form or another until the 1800s when debtors prisons became out of favor. The US was one country that led the way on this movement. The US has always had a much easier attitude to bankruptcy. There has always been much less stigma attached to bankruptcy along with the easier legal… Continue
Added by Riskviews on September 17, 2011 at 5:51pm —
UBS has remained oddly silent since its brief press release announcing a $2 billion loss from unauthorized trades in London. The announcement chopped some $5 billion from the bank’s market cap, and neither CEO Oswald Grübel nor any other senior executive has addressed the matter.
It’s instructive to compare UBS’s public response to that of other banks involved in similar… Continue
Added by Richard Mahony on September 16, 2011 at 2:55pm —
In my recent blog, I pointed out that regulations are constantly changing, becoming more complex.
Global banks will find that proving transparency across multiple products to the regulators is a big challenge. All tier one banks operate with at least some legacy systems and some manual data sources, and can’t deliver all the required information in real time.
But transparency is key. Post-2008…
Added by Tim Brew on September 12, 2011 at 2:37pm —
According to a 2011 McAfee report on second quarter threats, there were 12 million unique samples of malware for the first half of the year, up 22 percent over 2010, making 2011 the busiest six months in malware history.
As smartphones are used increasingly for mobile payments, and mobile betting, mobile crime exposes mobile operators to business risks from unauthorized account access, fraud, and financial crime.
“Smartphones are an attractive target for criminals as… Continue
Added by Jacques LeDisco on September 9, 2011 at 4:56pm —
In Europe, most banks have already implemented Basel II. The next step is complying with Basel III, which has significant add-ons compared to its predecessors – including much higher capital and liquidity requirements – specifically shining a torch on the so called global systemically important financial institutions (GSiFis). In the US, the Basel III compliance process is further complicated by the concurrent implementation of the Dodd-Frank financial-overhaul… Continue
Added by Tim Brew on September 2, 2011 at 5:11pm —
Risk Management is all about managing the uncertainty around achievement of objectives. So all risk assessments should start with the objectives of the organisation, business unit, program, project, process or system that is the subject of the risk assessment. Strategic Risk Management is the management of uncertainty around the strategic objectives of the organisation. Doing this well requires skill, experience and commitment of the most…
Added by Bryan Whitefield on September 2, 2011 at 3:33am —
International Business Machines Corp. (IBM) has agreed to buy Algorithmics, a supplier of risk analytics software, for $387 million.
Mergers sometimes don't add the value investors or customers expect. Is the acquisition of Algo by IBM one such an… Continue
Added by Martin Davies on September 1, 2011 at 3:00pm —
The blog address is:
There, and on links there, you can learn what is going on in this cutting edge approach to risk elimination and the management of residual risk in Housing Finance, Sovereign Debt, Final Salary or Defined benefit schemes, reduction of Beta value without losing vital performance, and more.
Also some background on how I managed to out-predict and out-perform institutional investors for two… Continue
Added by Edward C D Ingram on September 1, 2011 at 1:48pm —
Basel III or the implementation of it, is perhaps going to be more difficult to achieve than was first envisaged.
In this relatively short article, we are going to look at some of the problems that have started to appear in the Asian banking arena. It… Continue
Added by Martin Davies on August 31, 2011 at 5:30am —
Communicating corporate objectives and the strategic plan is a key consideration in the governance of an organization. Promoting effective communication throughout the organization is essential as it establishes a “Tone from the Top” that is consistent with good governance.
Communicating corporate objectives is easily facilitated through enterprise risk management processes. Most companies have a succinct statement of corporate strategy that includes a statement of objectives.… Continue
Added by Steven Money on August 30, 2011 at 4:04pm —
Special risk management Financiele dagblad OUtlook,
Goede enquete op website financieel dagblad. Risico verantwoording versus risicomanagement.....
Added by robert hart on August 26, 2011 at 4:49pm —
The music business has been and is undergoing crazy changes that is shaking up all the major and small players in the industry. The problem is not the evolution of a different way of manipulating and consuming media but the failure of the player to foresee and yield to these changes.
In studying entrepreneurship last semester, I came across the concept of…
Added by ResQ Records/OMogo Reloaded on August 23, 2011 at 5:38pm —
Why the London riots created a greater business travel threat than a terrorist attack
Introduction to the London riots business travel threat
If you have business travel to London, you need to read this article. In this article you will discover why the London riots created a greater business travel threat than a terrorist attack. We will examine the threat posed by the London riots and demonstrations, terrorist attacks and resulting travel delays,… Continue
Added by Tony Ridley on August 11, 2011 at 4:57pm —
Good news! We've signed a new partnership recently which will allow you to request complimentary subscriptions of Risk related magazines such as CFO, Risk & Insurance, Global Finance, Bloomberg Businessweek and many more. Go to magazines at http://globalriskcommunity.tradepub.com/
(NOTE: all subscriptions must be approved by the publisher - certain restrictions apply)
Browse through this extensive list of free Finance… Continue
Added by Boris Agranovich on August 10, 2011 at 3:30pm —
Recently, Gartner released its 2011 Magic Quadrant for enterprise governance, risk, and compliance (eGRC) software. While the report highlights the top vendors of eGRC, which includes LogicManager, it also identifies some revealing trends within the eGRC marketplace based on reliable consumer feedback. The most notable trend recognized is the shift towards enterprise risk management (ERM) software by eGRC programs. As Gartner… Continue
Added by Steven Minsky on August 8, 2011 at 7:00am —
Many ERM discussions presume that some basic risk management is already taking place. That is not always so. The risk manager needs to work without presumptions.
There are six things that the risk manager needs to check on:
1. Risks need to be diversified. There is no enterprise risk management if a firm is just taking one big bet.
2. Firm needs to be sure of the quality of the risks that they take. This implies that multiple ways of evaluating risks are needed to… Continue
Added by Riskviews on August 6, 2011 at 4:14pm —