If you have attended a workshop or speech of mine in the last 10 years you may well have been exposed to my version of the risk management journey for organisations from Vulnerable to Resilient. I portray the journey using an S-Curve, as shown here:
The nature of an S-Curve is that it is relatively easy to run up the middle of the curve, however, it is difficult to move up the…
Jeffery Reynolds’ article in ABA Banking Journal, “ERM: Getting it, and getting it right”, equates the definition of Enterprise Risk Management with happiness.
"Before you start with ERM, you have to define it. If it were only that…
Added by Steven Minsky on July 28, 2014 at 6:00pm — No Comments
Recently Philippines passed into law Republic Act 10641 allowing full entry of foreign banks in the Philippines. The act is an amendment to an older RA 7721 which was passed way back in May 1994 which allowed foreign ownership of up to 60% of an existing bank or subsidiary, but limiting the entry to 1 entity.…Continue
Added by Dominic Ligot on July 22, 2014 at 1:02pm — No Comments
It will force managers to reconsider their well conceived business plans and perhaps more closely scrutinize this quarters P&L or the company balance sheet. It will…
Regardless of guilt or innocence, FedEx’s recent indictment has reminded us that in today’s world of complex global interactions and increased regulations, organizations must have a strong handle on interrelated risk, business processes, and relationships.
This past week,…Continue
Added by Steven Minsky on July 21, 2014 at 5:00pm — No Comments
Assessing and measuring risk appetite away from an investment portfolio is perhaps one of the most difficult risk management initiatives practitioners have to entertain, it is also discussed often on risk forums and written about avidly by many consulting firms.
In this article we release a white paper that steps through the entire process of measuring and assessing…Continue
Added by Martin Davies on July 21, 2014 at 4:37am — No Comments
"My boss just doesn't get it."
The signs you're on this boat are noteworthy. You're rarely questioned about the legitimacy of the data you've collected.…Continue
Added by Steven Minsky on July 16, 2014 at 10:30pm — No Comments
Over the Labor Day Weekend Sum2 announced The Hamilton Plan. The Hamilton Plan is a ten point program to foster the development of…
Added by James McCallum on July 15, 2014 at 9:00pm — No Comments
The world is a great big database and algorithmic wizards and mad data scientists are burning the midnight oil to mine the perplexing infinities of ubiquitous data points. Their goal is to put data to use to facilitate better governance, initiate pinpoint marketing campaigns, pursue revelatory academic research and improve the…
Added by James McCallum on July 10, 2014 at 5:00pm — No Comments
The healthcare industry has grappled with HIPAA for nearly 20 years. The ever-changing, extensive piece of legislation mandates the protection and security of patients' private health information, and HIPAA compliance is a costly and time consuming process for healthcare…Continue
Added by Steven Minsky on July 8, 2014 at 3:30pm — No Comments
Company reputation and the fallout from reputational damage are the number one strategic risk for large companies, according to a global survey, Exploring Strategic Risk, released by Deloitte. Overall, progress on strategic risk management is evident, though most executives admit that their programs do not support their business strategy well…Continue
Added by Philippe Borremans on July 2, 2014 at 9:29am — No Comments
My view of the role of the risk profession differs to those who designed and promote the Three Lines of Defence (3LOD) model (at least how it has been interpreted by some). As with my musings on whether there should be separate risk and audit committees for Boards, (see Blog, 22/11/09 “Should Audit and Risk Committees be…Continue
Added by Bryan Whitefield on July 1, 2014 at 8:00am — No Comments