Replies

  • In my opinion if you work as a well knowledge  professional  and you follow

    the correct procedures and plans you are far away from a big destruction. 

    Andreas.

    Your opinion Boris is correct but most of the times managers refused to release papers from investigations which prove an issue.

  • Speaking of RM,

    Sorry about that, I had not seen the two lines below "My 0.02€"

    Rob Kloots said:

    Well, this depends on the arena in which the business finds itself. That arena may well define the planning horizon. For some, Strategic is  3 to 5 years, for others 5 to 7 months.

    For a mature RM Office, the operational indicators and their trends as shown on the Strategy Dashboard may first call for structural improvements, and if such trend continues nothwithstanding could result in adaptation of strategy.

    As Andrew Hewson wrote, this should normally be an evolving rather than a disrupting change. The latter could be invoked after the occurrence of a disruptive unexpected event for which no parameters existed in the model used. Better formulated: the structural model should then be reevaluated and updated, whist the strategy may stay unaffected.

    My 0.02€

  • Well, this depends on the arena in which the business finds itself. That arena may well define the planning horizon. For some, Strategic is  3 to 5 years, for others 5 to 7 months.

    For a mature RM Office, the operational indicators and their trends as shown on the Strategy Dashboard may first call for structural improvements, and if such trend continues nothwithstanding could result in adaptation of strategy.

    As Andrew Hewson wrote, this should normally be an evolving rather than a disrupting change. The latter could be invoked after the occurrence of a disruptive unexpected event for which no parameters existed in the model used. Better formulated: the structural model should then be reevaluated and updated, whist the strategy may stay unaffected.

    My 0.02€

    Andrew Hewson
    Andrew Hewson
  • I could not agree more with Boris. RM i san ongoing process so it should evolve with your business.

  • When the tide changes. 

  • When the going is good - you tend to be complacent. At this point you need to understand why are the returns so good. If the returns are too good to be true they probably are not true!
  • Boris

    Assets are constantly changing, every new piece of software, hardware or personnel change has an effect on the risk treatment plan and subsequently a change in your risk management strategy. Every compliance there is requires `continous review and improvement' of the risk strategy so the answer to your question is:

     

    The risk management strategy should be constantly EVOLVING' not changing  

  • In my opinion, after the deals you should rebuild your risk management strategy.

    In both acquisition or merge activities, your management structure would possibly change. 

    Any change in management structure will need change in risk management strategy.

    İbrahim Duğral

    Corporate Finance Specialist

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…
16 Replies · Reply by GlobalRiskCommunity Mar 21
Views: 1132

[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…
4 Replies · Reply by Steve Diaz Jul 8, 2023
Views: 244

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…
3 Replies
Views: 174

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…
5 Replies · Reply by Prisha Singh Dec 26, 2023
Views: 381

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…
1 Reply
Views: 113

    About Us

    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.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead