Location
Dubai
Now that Risk Practitioners are finally catching on to Risk Culture and Risk Culture Building (…..way after my first article on People Risk in the old GARP Risk Review Journal back in 2004), we suddenly find a whole bunch of Risk…
"I think this process is way outdated: https://www.linkedin.com/pulse/future-here-horst-simon-risk-culture..."
I see more and more talk about Risk Assurance and Risk Attestation (together with so many advertisements of people and organisations offering these services). This sounds like getting stuck even deeper in the trenches of the 3/4/5 Lines of Defense…
The world of risk management can no longer be ruled by the quants, they had their time of complicating something very simple and easy. The Future of Risk Management lies with the gamers.When we look at formal risk management as we know it today, it…
1. Hanging on to the 3LoD concept2. Using last month's heat map for today's risk management decisions3. Still using colour rankings on a risk report and debating those a month later in meetings4.Running a business with committees where decisions are…
Radical Risk ManagementIf you are still trying to Identify all the risks you are exposed to within the context of your business or spend endless hours converting historical data into useless risk reports in an effort to mitigate as much risk as…
We have to move on from this 3-lines-thinking, it is outdated, every employee is a risk manager and must manage the risks associated with his or her job on a daily basis, in an effective Risk Culture there is no need to "defend" it is just optimised…
"I agree COSO is still relevant, but following just that is not a guarantee or a confirmation of good risk management."
"No two people will respond the same way to a situation of risk, the way any person responds to risk is influenced by a number of factors, the main ones are: • Nationality & culture• Childhood experiences (and formative environment) • Work ethics,…"
"Now BCBS also sees that, it's not about the models! http://www.bis.org/press/p160304.htm"
"Mansoor Bin Hamed Mansoor Bin Hamed, via Risk Culture Builders group on Linked-In
Fundamentally the risk management process is right because you cannot avoid something unless you have identified it and assessed it. But how we identify, assess and…"
Fundamentally the risk management process is right because you cannot avoid something unless you have identified it and assessed it. But how we identify, assess and…"
