Added by Fayaz Malik on November 29, 2011 at 11:30am —
Welcome to the second (and final) update of the 8th Annual Risk Management Institute of Australasia 2011 Conference here in Melbourne.
Highlights of Day 2 for me were:
The CRO Forum that kicked off Day 2 was a great session. Caroline James, Principal Adviser – Group Risk, Rio Tinto, Robert Maurich, CRO at CBH Group (a grain handler/commodity firm in WA), Geoffrey Copp, Head of Risk Management & Compliance at Zurich Australia and Anthony… Continue
Added by Peter Deans on November 24, 2011 at 11:46am —
As members may be aware, I am here ‘Down Under’ attending the Risk Management Institute of Australasia's 8th Annual 2011 Conference, on behalf of the Global Risk Community. Global Risk Community is the offical Media Partner for the event.
Over 470 delegates from Australia, New Zealand and Asia have gathered at Crown Casino's conference facilities, on the banks of Melbourne’s Yarra River.
Highlights of Day 1 for me… Continue
Added by Peter Deans on November 22, 2011 at 2:40am —
This week has been particularly disturbing on the news front. To sum it up, my faith in politicians and fat cat executives who run our financial system has been pretty shaken.
There are three unique pieces of news that I have stumbled across which are just simply appalling to read. Certainly any hope for a quick resolution to… Continue
Added by Martin Davies on November 21, 2011 at 7:00pm —
There are a huge array of regulatory mandates planned for the financial sector in the next three to five years and the potential unwanted outcomes are probably going to be diverse and multitudinous.
Ten combined regulatory afflictions would more than likely include this lot:…
Added by Martin Davies on November 21, 2011 at 6:30pm —
I would like to hear some of the more creative answers to this question. Please post your comments.
However, the correct answer is that Tiger Woods and the Global Risk Community are both in Melbourne this weekend. Woods was part of the winning American team playing at Royal Melbourne Golf Course today in the President's Cup.
The Global Risk Community is attending the RMIA Asia Pacific Conference in Melbourne also. The event was launched this evening by Sharon Aitken, RMIA… Continue
Added by Peter Deans on November 20, 2011 at 1:00pm —
In spite of the regulatory policies, it's implementation and stress tests etc that were carried out on some banks, yet some Banks world wide are still distressed. What are the causal factors, Economics consequences and Prevention.
Added by Emmanuel Duru on November 18, 2011 at 12:13pm —
Paint Draw Pick... to Implement Enterprise Risk Management across your Organisation
Implement Enterprise Risk Management across your organisation no matter where you are on your Risk Management journey by taking these 7 steps:
Paint a Picture: Make sure you can show and explain what the end game looks like to top management and staff.
Draw the Journey: Let them know they are on a journey, describe it and tell…
Added by Bryan Whitefield on November 17, 2011 at 4:23am —
CIS-Partners, a consulting firm specializing in compliance strategies for the pharmaceutical industry, wrote an article entitled, “Don’t Get Burned”. The main focus of this article is to discuss how organizations are shifting to third-party vendors and in turn, how internal auditors need to respond to the risks associated with this process. Continue
View article here:…
Added by Michele Westergaard on November 16, 2011 at 6:09pm —
Australia's ABC1 broadcast an interesting show tonight that included an interview with Nick Leeson.
"Europe Correspondent Emma Alberici has assembled a stellar cast of famous and infamous financial luminaries to investigate if rogue traders are really reckless loners or simply individuals pushed to extremes by a reckless and unruly financial sector. What can their behavior tell us about Wall St Investment Banking and the Global Financial Crisis, the crises and collapses in Ireland,… Continue
Added by Peter Deans on November 15, 2011 at 3:07pm —
It is inevitable for governance, risk and compliance (GRC) to converge. They are all about achieving the objectives of the organisation. For me, the greater debate is what role should an individual take as a leader in the convergence of the GRC space in an organisation? Continue
It was no surprise that the…
Added by Bryan Whitefield on November 9, 2011 at 4:31am —
Last week, at RIMS ERM Conference 2011, we announced that LogicManager and RIMS (The Risk and Insurance Management Society) have selected Queens University Management School (QUM) to update the landmark 2008 study that quantified a direct, positive relationship between the maturity of an organization's risk management framework and its business performance. Read the full press release here.
The 2011 update will… Continue
Added by Steven Minsky on November 7, 2011 at 8:00am —
Being a risk leader in your organisation is always a challenge. More than once I have been asked "How do you get a blustering, super confident CEO to slow down and listen to what we are trying to achieve in the risk function?" Unfortunately I don't have the silver bullet, however, here are a few tips which are explored in more depth in RMP's Whitepaper titled… Continue
Added by Bryan Whitefield on November 7, 2011 at 4:00am —
A well defined risk appetite endorsed by Executive Management and the Board is the singular most important element for establishing the risk culture you want…
Added by Bryan Whitefield on November 2, 2011 at 4:39am —