Lack of transparency makes risk, performance and compliance information hard to discover, collect and maintain. Within every organization, governance areas are conducting activities, each based on different assumptions with different standards, all of which contain a risk component.
While these are typically not thought of as risk activities, when the responsibilities…Continue
Added by Steven Minsky on April 30, 2014 at 9:00pm — No Comments
Macroeconomic risks are often overlooked by SME managers when conducting risk assessments. Macro risks like wars, credit crises, market changes and technological disruptions can have catastrophic implications for SMEs.…
Added by James McCallum on April 29, 2014 at 9:54pm — No Comments
WHAT ARE SAFE FINANCIAL PLANS?
As we all know, the world would love to have safer financial products such as investments, pensions, annuities, places to put reserves for later calls on insurance claims, and ways to stabilise asset prices and the burden of borrowing costs as economic conditions change.
So what is preventing us from having all this?
After years of research and development by my group of…
Added by Edward C D Ingram on April 29, 2014 at 5:41pm — No Comments
It is intriguing to see how often individual branches or geographic divisions in a bank have the tendency to re-invent the wheel.
Why would a bank choose different organizational structures and processes in branches or locations? Why should a credit card application, for example, take 60 minutes in one country and just a few minutes in another? Or why are customer payment orders restricted to electronic channels only in some regions while others use a range of channels?
Added by Tanja Bergen on April 29, 2014 at 11:55am — No Comments
Added by James McCallum on April 28, 2014 at 2:00pm — No Comments
Added by James McCallum on April 25, 2014 at 10:00pm — No Comments
Governance functions are designed to manage risks that organizations face in operational and back office silos - financial misstatements, fraud, vendor management, disaster recovery, and other activities are all designed to address a subset of an organization’s risk profile. The concept of Enterprise Risk Management is not to create another function that exists in parallel…Continue
Added by Steven Minsky on April 23, 2014 at 10:30pm — No Comments
I came across a great presentation on Reputation Risk from Martin Davies of Causal Capital. It outlined the many dimensions of this onerous corporate…Continue
Added by James McCallum on April 23, 2014 at 8:30pm — No Comments
Added by James McCallum on April 22, 2014 at 9:30pm — No Comments
Added by James McCallum on April 18, 2014 at 9:00pm — No Comments
Added by James McCallum on April 14, 2014 at 9:00pm — No Comments
Crown Equity Holdings Inc. (OTCQB: CRWE) has been experiencing momentum that coincides with the development of the CRWE-PR Network
The network is a portal for local news, city data and content of interest within the community. Communities are searchable by name and zip code.
National, world, sports and general topics are also covered with up to the minute updates across all sites. The CRWE PR Network offers - local business listings,…
Added by Arnold Saba on April 13, 2014 at 7:35am — No Comments
Added by James McCallum on April 12, 2014 at 8:30pm — No Comments
[Editor’s Note: Organizations have become myopic with GRC solutions, and they can no longer see the forest through the trees. Our new series, brought to you by the LogicManager Analyst Team, will keep you up to date with real world examples of risk management failures, and how ERM could have prevented them.]
Added by Steven Minsky on April 9, 2014 at 10:00pm — No Comments
The Top-Quartile Performance Institute (TQPI) is recruiting master practitioners having 10+ years of executive-level experience to become members. Preference is given to those at the cutting edge of Finance, Process Improvement, Six Sigma, IT, HR, Operations Research, “C-Suite” Leadership, and other performance…Continue
Added by Steven Bonacorsi on April 8, 2014 at 7:21am — No Comments
April 2014 sees the beginning of a new era. An era of consequences, both intended and unintended, heralding a period of increasing centralized power, where understanding the strength of peers will determine success or failure. The month after the latest Comprehensive Capital Analysis Review (CCAR) results, as the Volcker rule becomes law and with single counterparty limits on the horizon, April will also reveal the…Continue
Added by Marcus Cree FRM on April 7, 2014 at 9:34am — No Comments
Added by James McCallum on April 3, 2014 at 8:00pm — No Comments
Compliance professionals have it tough. While risk managers work in shades of grey (or often, red, yellow, and green), compliance officers are often asked to answer the more direct question: Do we meet this regulatory mandate?
While the task may differ, compliance professionals without enterprise risk management in their toolbox are at a significant disadvantage. Regulations…Continue
Added by Steven Minsky on April 1, 2014 at 7:30pm — No Comments
The business world is now international. Because of the far reach of constantly improving technology, businesses can communicate and work with customers thousands of miles away in real time. This reality has led to the growth and expansion of international business school programs around the world.
Shawn O'Connor, writing on Forbes.com, reports that over the past…Continue
Added by GlobalRiskCommunity on April 1, 2014 at 8:30am — No Comments