I will start it:
- Take risks, and start asking UN-conventional questions
You need to be a member of Global Risk Community to add comments!
This reply was deleted.
Introducing the Global Risk Series - Book 1 Risk Management How Tos
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…
Views: 1101
Politically Exposed Persons (PEPs) Screening Requirements
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…
Views: 350
[Free COVID-19 Framework] What's the path to recovery look like?
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…
Views: 235
If risk management is about decision making, are current risk management solutions irrelevant?
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…
Views: 163
A question related to classification of instruments between trading and banking book.
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…
Views: 371
Plunging oil prices: curse or blessing in disguise?
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…
Views: 106
Replies
... understand how to balance risk-taking against potential rewards. In other words, understand the business or exposure that you're trying to protect, not just the risks. If it's a for-profit, you need to understand how the company earns its profits and how resilient or vulnerable it is to risk events. You have to do both, think like an entrepreneur AND a risk prevention and mitigation expert. You have to understand how playing great defense sets up the ability to play strong offense.
Understand the business at the processes level
...understand all sides of business (one presented in financials, but also the other one, performed out of financial statements)!
confidence
Kobe Kobson Motlhatlhedi said:
- Address both risks a n d opportunities
Have an appetite for Risk.
know how to measure risk and know where the edge or the limit lies
Minimize sensitivity to the fat tails.
Live 88% in the Future, 10% in the present and 2% in the past. Technology is changing at such a rapid rate that by he time the new threat is neutralized 20 more are incubating. Think like a rat.
listen very carefully
-
1
-
2
-
3
-
4
-
5
of 5 Next