No company falls out of compliance over-night. It’s a gradual process resulting from a combination of overlooked issues, that together create a serious problem. Strangely enough, compliance issues often result from taking an overly compliance-focused approach to risk management; a common problem for Governance, Risk, and Compliance (GRC) programs.
Take for example J&J who, after a series of product recalls in 2009, has once again fallen out of compliance and now… Continue
Added by Steven Minsky on March 29, 2011 at 9:00am —
Beware the Fine Print
If like most, you base your overall assessment of a country or city based on some-kind of threat rating then you need to read this article before blindly basing all your business decisions upon such tools.
This article will address the development and reporting of security or travel safety threats and how they are communicated. Specifically, the collection of data, affected audience demographics, aggregated… Continue
Added by Tony Ridley on March 27, 2011 at 10:39am —
If you want to know why the Japan tsunami turned into a far greater disaster than the initial earthquake and learn the 7 main reasons for this calamity, then read on. In this article we will touch on the government, closed cultures, leadership vacuum, system failures and Japanese crisis management, timing and information practices.… Continue
Added by Tony Ridley on March 27, 2011 at 10:34am —
Basel III cracks are starting to appear is a blog article PART 2… Continue
Added by Martin Davies on March 24, 2011 at 4:30pm —
Does anyone have such audit protocols and is willing to share them (automated or non automated questionaires) - I would like to use them for internal auditing in preparation for certification or accreditation. Should the questionaires not be automated in terms of weightings and or scorings I am willing to automate the spreadsheet and share it.
Added by Beulah Misrole on March 23, 2011 at 7:57pm —
Basel III cracks are starting to appear is the first part of a two part series that looks at some of the mis-conceptions being bantered around over Basel III.
In this article we argue that Basel III capital floors can't be compared with the Basel II capital approach because the entire capital… Continue
Added by Martin Davies on March 23, 2011 at 6:30pm —
Today the 22nd, March 2011, Il Sole 24 Ore published a remarkable article (link
) regarding modeFinance (link
) and how the products of modeFinance could be useful for worldwide credit risk analysis.
As it is possible to read in the article, the modeFinance financial analysts have studied the evolution of the… Continue
Added by modeFinance on March 23, 2011 at 9:33am —
Having just joined the GlobalRisk community (having been referred from the Political Risks Group on LinkedIn) I thought that it may be of benefit to post the latest edition of the report that we publish every six months.
Added by Mark Gubbins on March 22, 2011 at 10:40am —
In our first blog article on Catastrophe and Extreme Value Theory which can be found by clicking here, we looked at methods for predicting outcome probabilities for climatic events.…
Added by Martin Davies on March 18, 2011 at 8:30am —
Russian Amateur 'Web Detective' Interviewed on Successes in FindingCriminals. Material in the World News Connection is generally copyrighted by the source cited. Permission for use must be obtained from the copyright holder. Inquiries regarding use may be directed to NTIS, US Dept. of Commerce.
In the United States everybody knows about people once they have broken the law. If a gently smiling…
Added by Roman Romachev on March 15, 2011 at 9:00am —
This year has been particularly negative with respects to natural disasters and the humongous related impacts that obtrudes the lives and livelihoods of the communities affected. Considering we are only a couple of months into the year, the number of catastrophes that have struck various countries around the world is quite astonishing.
Added by Martin Davies on March 13, 2011 at 6:00am —
Managing Business Travel Risks and Crisis
If you know that business travel is not without its risk and the potential for crisis, then you need to read this article.
In this article we are going to talk about the management and…
Added by Tony Ridley on March 11, 2011 at 9:27pm —
Dear community member!
Want to know how to be at the top of your game for job interviews? Join host Brad Agry as he discusses how to prepare for and be effective when you are face-to-face in a formal interview setting. Learn how to set yourself apart from the competition and turn job leads into offers. We're happy to share a webinar recording from Ivy Exec to help you get the job you… Continue
Added by Boris Agranovich on March 10, 2011 at 11:00pm —
As it can be read in the following link (link
) Dynegy, the US and listed company active in energy marked, said bankruptcy could be the next step if it could not reach an agreement with its creditors.
Thanks to MORE methodology’s predictive character, modeFinance reports have already seen the financial and economic difficulties of the company. It is possible to observe with the modeFinance Credit… Continue
Added by modeFinance on March 9, 2011 at 4:06pm —
Dark clouds are on the horizon for rating agencies and while many banks have become public enemy number one, the rating agencies aren't off the hook from their hand in the Credit Crisis either. I am not saying it is curtains for the rating agencies but the world is certainly going to change for them.
You can read more by… Continue
Added by Martin Davies on March 7, 2011 at 10:30am —
Does anyone have information (general or otherwise) regarding performance standards for controls. I´m trying to come up with some good examples to present at risk workshops. By showing a few I hope to get the message across that control identification alone is not enough.
Added by Benjamin Mira on March 4, 2011 at 3:00pm —
Starting from today it is possible to download (link
) the overview about all ratings evaluated by modeFinance during Decemper 2010.
Please follow “mF Overviews” monthly in modeFinance White Papers (… Continue
Added by modeFinance on March 3, 2011 at 10:00am —
Measuring risk means walking a thin line. Balancing what is highly unlikely from what it totally impossible. Financial institutions need to be prepared for the highly unlikely but must avoid getting sucked into wasting time worrying about the totally impossible.
Here are some sins that are sometimes committed by risk measurers:
1. Downplaying uncertainty - Uncertainty increases when loss size increases. Do your users know that?
2. Comparing incomparables - Do you… Continue
Added by Riskviews on March 2, 2011 at 2:52am —
There has been a lot of debate around the world over the new Basel III accord and what it means for banks. A set of blog articles have been published on the Causal Capital webpage which discuss various aspects of this new mandate.…
Added by Martin Davies on February 26, 2011 at 6:30am —
Thanks to the participation of modeFinance (company website here) to the MathWorks Connection Program (link) and the capability of modeFinance in numerical methods for credit risk evaluation, modeFinance and Mathworks are happy to invite you to the following seminar:
“Matlab for Computational… Continue
Added by modeFinance on February 24, 2011 at 4:30pm —