December 2011 Blog Posts (13)

IASB Defers IFRS 9

Earlier on this month The International Accounting Standards Board decided to push out the effective date for IFRS 9 by another two years.

It is starting to look like the IFRS 9 impairment requirement has ended being more difficult than expected.…


Added by Martin Davies on December 29, 2011 at 6:01pm — No Comments

A question on measuring risk in manufacturing

Question : I have a situation in manufacturing operations where we have to take a judgmental decision on our equipment’s re-furbishing based on visual inspection.

It is a very crucial area of the business since it is part of the complex and risky Klinkerization process. In the short of it, we have to decide…


Added by Martin Davies on December 28, 2011 at 8:30am — No Comments

Stress Testing for Non Banking Businesses ?

Below is the link to my final newsletter for 2011.

The feature article this month focuses on Stress Testing.  Stress Testing is now a widespread and well understood concept in the banking industry but less so in the corporate sector.   I explore what businesses outside the banking industry can learn from this experience and the important role Stress Testing can play in improving the overall management of an organisation. 

In the regular series on a specific category of risk, I…


Added by Peter Deans on December 22, 2011 at 3:32pm — No Comments

How to use external data in operational risk

Four methods for using external data in a banks operational risk OpVar calculations the saga of external data continues.

Under Basel II operational risk Advanced Measurement Approach for quantifying operational risk losses, banks need to factor external loss data into their internal capital models. The argument is old and…

Added by Martin Davies on December 21, 2011 at 8:30am — No Comments

VIDEO NEWS: World Risk and Insurance News Year-end Review

Watch the fast-paced Year-end Review at 3 stories (Economy/CAT Losses/Growth in '12)... lots of video clips and a Viewer Poll on today's challenges. Worth a visit to Register when you do.

World Risk and Insurance News ( is THE online video news network broadcasting late-breaking news and information for the global risk, insurance and financial services community.

Added by J. P. Greene on December 20, 2011 at 3:36pm — No Comments

Building an Operational Risk System

There are stacks of operational risk reporting systems on the market however in general, many of these risk solutions are overpriced and unsophisticated programs. So why not build your own?

In this post, we look at building a risk modelling system from the ground up and believe me, it isn't as hard as you may…


Added by Martin Davies on December 16, 2011 at 11:00am — No Comments

The Capital Markets Guide 2011 (163 pages)

Focusing on technological innovation, business strategy and geographical markets, this guide provides thought leadership on how capital markets firms can capitalize on real-time data and leverage new risk strategies for a trading advantage.  

When Bank of America’s assets reached $2.3 trillion—ten times more than Exxon Mobil—…

Added by Boris Agranovich on December 15, 2011 at 5:08pm — 1 Comment

Risk Project Execution Utilising Agile Principles

Many of you might have experienced your technology team advising that the decision has been made to follow an Agile SDLC rather than your traditional development approach to deliver some upgrade or new technology for your Risk business – what does Agile mean?

Developing and delivering technology based business solutions for risk related initiatives, either regulatory or practically driven, are notoriously difficult to achieve on time, on budget, completing 100% scope and meeting…


Added by Phil Gadzinski on December 15, 2011 at 8:01am — No Comments

Meet Your Disaster Recovery Goals with Less Complexity and Cost:

Minimize downtime, lower costs, and reduce risk: Those are the three goals your disaster recovery plan must meet. But, as the need for "always on" capability and business continuity has increased, so has the complexity and labor intensity of maintaining a reliable disaster recovery plan. This white paper outlines the ways virtualization can address the challenges of traditional disaster recovery and help your enterprise meet the key goals of a viable disaster recovery plan.…


Added by Boris Agranovich on December 14, 2011 at 1:30pm — No Comments

Getting the house in order for a post RDR world

2012 is set to be a dynamic year in the financial advisory sector. With the FSA’s Retail Distribution Review (RDR) coming into effect in December 2012, IFAs have to up the ante with standardised professional qualifications and increased transparency of charges and services. With time running out to comply, it is not a matter of when, but how to prepare for RDR. In fact I recently attended…


Added by Ronan Brennan on December 14, 2011 at 12:07pm — No Comments

Open Source Software review: CORAS Risk Assessment Platform Updated 2011-03-02

This is a platform for risk analysis of security critical IT systems using UML, based on the CORAS model-based risk assessment methodology. Contains an XML and UML repository, facilitating management and reuse of analysis results

CORAS Risk Assessment Platform

If you use this software - please leave your comments and reviews.

Added by Boris Agranovich on December 9, 2011 at 9:30pm — No Comments

Using Risk Assessment Templates to Prioritize Business Measures

The number of business measures within organizations is typically growing. Measures are often added on a reaction basis to loss events that have already occurred. Wouldn't it be valuable to be able to focus on forward looking measures? In most organizations, these preventative, proactive measures are indistinguishable when grouped with reactive measures, because the metrics…


Added by Steven Minsky on December 7, 2011 at 12:30pm — No Comments

What Was the IRS' Beef With Captives?

To learn more about captive insurance companies, please visit my webpage.


Starting in the mid-1970s, and continuing through the UPS case, the IRS fought captives tooth and nail.  Over the course of these cases, they advanced three different legal arguments against captive insurance: the economic family argument, the nexus of contracts and the assignment of income doctrine. 

However, it's important…


Added by Hale Stewart on December 1, 2011 at 3:06pm — No Comments

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