We've launched World Risk and Insurance News as a neutral online video news network for risk, insurance and financial service professionals. The plan is to have regular, even daily, programs with short video news and info segments from locations around the globe. How would you leverage World Risk and Insurance News (www.WRIN.tv) to better marketing and information-sharing efforts.?
Added by J. P. Greene on September 30, 2011 at 3:14pm —
I am doing research for an upcoming article I am writing on Business Model risk. I would be interesting in hearing members' thoughts on the following:
1. Is this an activity that should only be confined to the Strategic Planning phase or is it a core activity of Risk Management ?
2. How do you identify businesses that are performing strongly but that may have a Business Model that is fundamentally flawed ?
3. What types of action can be taken to have Business… Continue
Added by Peter Deans on September 27, 2011 at 10:17am —
StratexSystems is running a series of 4 'How to' webinars around strategy and risk management. These events will be a combination of theory, based on the Risk-Based Performance Management approach, and technology.
Details are available at http://www.stratexsystems.com/stratexsystems-blog/2011/9/13/strategy-and-risk-how-to-webinar-series.html
Added by Andrew J Smart on September 26, 2011 at 12:38pm —
I thought I would post a quick note about a recent blog post one of our clients wrote about their risk management initiative and the benefits it has brought.
In this post, the Head of Operational Risk talks about risk management becoming invisible in the organisation and the challenges of proving (to regulators) that risk management is been undertaken if indeed it does become invisible.
I think it is worth a read -… Continue
Added by Andrew J Smart on September 26, 2011 at 12:28pm —
In this month's newsletter I have expanded on how to incorporate risk appetite into strategy development using the Four Quarters Strategy Framework. It contains a selection of high level considerations that can be debated at the strategy development phase.
As most readers here will no doubt appreciate, risk management issues in many organisations across the globe - large and small - still continue to be raised after the strategic plan has been… Continue
Added by Peter Deans on September 23, 2011 at 12:30am —
Boris asked me to attend the CFO magazine CPM
conferene n Dallas last week which I did on behalf of… Continue
Added by Christopher E. Mandel on September 18, 2011 at 10:05pm —
In ancient times, the ultimate collateral was the debtor’s personal freedom. A person who defaulted on a debt became an indentured servant of the lender in the case of default. This idea persisted in one form or another until the 1800s when debtors prisons became out of favor. The US was one country that led the way on this movement. The US has always had a much easier attitude to bankruptcy. There has always been much less stigma attached to bankruptcy along with the easier legal… Continue
Added by Riskviews on September 17, 2011 at 5:51pm —
UBS has remained oddly silent since its brief press release announcing a $2 billion loss from unauthorized trades in London. The announcement chopped some $5 billion from the bank’s market cap, and neither CEO Oswald Grübel nor any other senior executive has addressed the matter.
It’s instructive to compare UBS’s public response to that of other banks involved in similar… Continue
Added by Richard Mahony on September 16, 2011 at 2:55pm —
In my recent blog, I pointed out that regulations are constantly changing, becoming more complex.
Global banks will find that proving transparency across multiple products to the regulators is a big challenge. All tier one banks operate with at least some legacy systems and some manual data sources, and can’t deliver all the required information in real time.
But transparency is key. Post-2008…
Added by Tim Brew on September 12, 2011 at 2:37pm —
According to a 2011 McAfee report on second quarter threats, there were 12 million unique samples of malware for the first half of the year, up 22 percent over 2010, making 2011 the busiest six months in malware history.
As smartphones are used increasingly for mobile payments, and mobile betting, mobile crime exposes mobile operators to business risks from unauthorized account access, fraud, and financial crime.
“Smartphones are an attractive target for criminals as… Continue
Added by Jacques LeDisco on September 9, 2011 at 4:56pm —
In Europe, most banks have already implemented Basel II. The next step is complying with Basel III, which has significant add-ons compared to its predecessors – including much higher capital and liquidity requirements – specifically shining a torch on the so called global systemically important financial institutions (GSiFis). In the US, the Basel III compliance process is further complicated by the concurrent implementation of the Dodd-Frank financial-overhaul… Continue
Added by Tim Brew on September 2, 2011 at 5:11pm —
Risk Management is all about managing the uncertainty around achievement of objectives. So all risk assessments should start with the objectives of the organisation, business unit, program, project, process or system that is the subject of the risk assessment. Strategic Risk Management is the management of uncertainty around the strategic objectives of the organisation. Doing this well requires skill, experience and commitment of the most…
Added by Bryan Whitefield on September 2, 2011 at 3:33am —
International Business Machines Corp. (IBM) has agreed to buy Algorithmics, a supplier of risk analytics software, for $387 million.
Mergers sometimes don't add the value investors or customers expect. Is the acquisition of Algo by IBM one such an… Continue
Added by Martin Davies on September 1, 2011 at 3:00pm —
The blog address is:
There, and on links there, you can learn what is going on in this cutting edge approach to risk elimination and the management of residual risk in Housing Finance, Sovereign Debt, Final Salary or Defined benefit schemes, reduction of Beta value without losing vital performance, and more.
Also some background on how I managed to out-predict and out-perform institutional investors for two… Continue
Added by Edward C D Ingram on September 1, 2011 at 1:48pm —