Hi Everybody:
Making decisions for the future is becoming harder and harder because of the ever increasing sources and rate of uncertainty that can impact the final outcome of a project or investment. Several tools have proven instrumental in assisti
Read more…Dear Infosec Professionals,
The ShadowSEC is the organizer of 2nd IT GRC Meeting, and we are looking for some companies sponsor the event and bring the best speakers around the World, focused on IT GRC and Cybercrime Fighting.
The event will be held
Read more…There are very few performance comparisons available when considering the acquisition of an Excel-based Monte Carlo solution. It is with this in mind and a bit of intellectual curiosity that we decided to evaluate Oracle Crystal Ball, Palisade @Risk,
Critical Success Factors for Developing a Risk Appetite Framework
Boris asked me to attend the CFO magazine CPM conferene n
Dallas last week which I did on behalf of the GRC. I regret to report but that
despite the fact that the forum's pre event marketing materials indicated there would be at least
two forums where
"People understand contests. You take a bunch of kids throwing rocks at random and people look askance, but if you go and hold a rock-throwing contest - people understand that." Don Murray
Dear GlobalRisk Community member,
Can anyone tell me the difference between the risk elimination and risk substitution..
For example: if we remove the source of risk introduce new thing which has less or no risk as previous then what would we say?is it elimination or is it substitutio
Read more…Dear Members,
I am looking for strategic partners in Middle East , Egypt and States other than New Delhi in India.
Please visit the link below or email at partners@planenterprise.com
http://www.planenterprise.com/Strategic-Partners.php
Regards
Fayaz
Read more…Have you been in a situation where either a colleague, a client, a regulator, a vendor, an auditor or someone you report to asked you a question or say something that was completely out of line? Let us know here. The most common and interesting que
Read more…COSO ERM Framework/Activities
Internal Environment: Risk Management Philosophy –Board of Directors –Establish Risk Management Framework–Organizational Structure –Assignment of Authority and Responsibility
Objective Setting: Strategic Objectives ––De
Read more…Recent Activity in the Global Reinsurance Market, by Claude PenlandWe're going to investigate activity since July, 2010 in the international reinsurance market.On the mergers and acquisitions front, Montpelier Re's CEO says to expect many more acquis
Read more…I think that the intent of Sarbanes-Oxley 304 is often misinterprested. 304 requires a "system of internal control." This means a management system!! Most often it is interprested as a system of internal controlS. The added s means to auditors and th
Read more…Please come back to me with your views on the specific risk management activity that needs to be performed within a HFT environment. I am probably looking at Operational (IT) Risk, Market Risk and maybe Regulatory Risk? Any suggestions with some deta
Read more…The level of ignorance among bankers and their regulators is what got us into the crisis and it is ongoing. That is why we have BASEL III making everyone miserable. But we do not HAVE to continue in that mode...or do we?
Read more…
I would greatly value your input.
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…Would like to have suggestions on different innovative and effective means of foster ethical culture among employees of any organisation.
I am sharing activities that we are doing :
1. A book of code of ethics is provided to each employee. It contains
Dear colleagues, I am working on market research of corporate/competitive intelligence services, that is why I’m interested in expert opinions on the following questions:
Do you consider market of corporate intelligence services as an investment attr
Audit committees still not fully appreciating the need for a enterprise wide risk management in middle east.
Read more…The Hedge Fund Tax Practices Conference was held on December 2-3, 2010 at Princeton Club, New York. The industry event organized by Financial Research Associates was well attended as it covered recent Tax and Regulatory changes affecting the industry
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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