The much acclaimed COSO model is mostly referred to when discussing and implementing risk management. Research shows there is at least some doubt whether COSO is really helpful. Please, take a look at the paper attached and let me know your comments.
Read more…June 17, 2011 - RiskMinds conference - Notes from presentation “A Foundation For Stress Testing” by Dave Williams, CFA, Managing Director, Solutions Architects, S&P Valuation and Risk Strategies
“... Factoring In Macroeconomic Events
Calculate macr
Read more…June 13, 2011 - RiskMinds conference - Notes from presentation on Implementing Economic Capital for Effective Decision Making by Albert J. Schulman, VP, Enterprise Risk and Capital Modeling at Nation Wide.
“A Few Simple Questions
June 15, 2011 - RiskMinds conference - Notes from presentation on Setting Risk Appetite in the New Regulatory Environment by Joseph V Rizzi:
"...Risk Appetite as a Process Not a Number…
June 16, 2011 - RiskMinds conference - Notes from presentation by Phillipa Girling on the Implications of the recent / upcoming changes for operational risk
Ensuring Pillar 2 Adds Value:
Update on Basel III:
Today after emphasizing that the views in the presentation are his and not those of the Federal Reserve Bank of New York, Marc Saidenberg gave a presentation entitled “Basel III – Inside the New Provisions for Liquidity Management
Read more…Is anybody out there interested in / knowledgeable about means of quantifying risks arising from buggy software? My interest is mainly in how this is done in the banking industry, for instance measuring the risk of an algorithmic trading system in an
Read more…Dear New Member,
We're super excited to have you as part of our community. Feel free to invite new people, participate in discussions, activities and share knowledge.
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Read more…Was just wondering, how would one measure Risk Awareness between two companies from the same sector? will appreciate if any one can give a valid answer to this.rgds
Read more…The bank I am consulting with a bank that has a high level of problem assets. The Chief Financial Officer, Chief Credit Officer, and I want to start reporting risk-based capital to the Risk Committee. Has anyone done this and are there any examples
Read more…I just published a book: Competitive Advantage: Linking Management Systems. It's about finance, Quality, Environmental Management a IT working together to improve the bottom line. Chapter 4 covers risk management. By breaking down silos, better commu
Read more…The team here at NHJ Strategic Consulting identified our top 3 global risks, top 3 UK risks, and some other issues that are worth watching. Which ones do you agree with? What do you think are the top ranking risks? you can find our summary here
Am in the process of enhancing performance measurement for our Risk department but would want to quantify our performance as much as possible. What are the key KPIs for Risk staff
Just finished preparing the second installment in our video comparison of ModelRisk, Crystal Ball, Risk Solver and @Risk.
This series compares distribution fitting capabilities of each package.
This should prove interesting to the discussion. Plea
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see program attached
Read more…New research by HBS professor Anette Mikes and colleagues looks into how accountants, finance professionals, internal auditors, and risk managers (what we call staff function) gain influence in their organizations to become strategic decision makers.
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Over the last 3 months, we have seen 3 of the 4 major players in the Excel Monte-Carlo Simulation arena introduce new releases.
For this reason, we have created a series of videos showing comparing how each tool is used to apply Monte-Carlo simulati
Read more…Due to high interest in the various aspects of Basel III implementation among our members I would like to start a series of discussion threads on this important topic. I encourage members to share their opinion, exchange materials such as presentatio
Read more…Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question. Some of the topics include: How do you Explain Risk Appetite? How to Prepare a…
Read more…I have just published a guide on PEPs screening requirements around the world and would like to know if anybody has any feedback on it? https://complyadvantage.com/blog/politically-exposed-persons-peps-screening-requirements-around-the-world/CA-PEP-Screening-Map-FINAL-V7 (1).jpg
Read more…We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…
Read more…Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…
Read more…We have an interesting question from one of our members. "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…
Read more…The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…
Read more…The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.
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