Manigent is pleased to announce a successful start to 2012, with two major project wins. One of the projects will be with an Investment Bank assisting them to meet the regulatory obligations from a number of regulators globally, including the FSA here in the UK. The second project is with a legal services regulator with the intention to build additional risk management at a transitional time for the industry, with the introduction of Outcomes-focused Regulation (OFR) and Alternative Business Str
risk (579)
Many organisations are now using spreadsheets to monitor and manage their risks but research suggests that this could be inefficient and impractical for risk managers.
Software, such as StratexPoint, allows risks, that an organisation face, to be clarified, aligned and effectively managed. StratexSystems believe that every business should be able to execute their business strategy whilst operating within an acceptable level of risk exposure. With a series of easy-to-deploy visual tools, like thos
StratexSystems are pleased to announce the success of one of their key consultancy partners who have seen a 20-30% jump in project productivity through the use of StratexPoint as a project delivery tool. By delivering more for less, over a shorter time frame, the consultancy partner’s clients have seen considerable benefit, as have StratexSystem's consultancy partner, with extended project benefits.
The software solution, StratexPoint, is an integrated strategy execution and risk management solut
We have confirmed the conference to take place at The Sutton Place Hotel in Chicago, IL from March 19-21, 2012: http://www.chicago.suttonplace.com/default.htm
Spaces are limited for both the event and hotel, so please make sure to book your room ASAP. Cut-off date to book at the discounted rate is February 27th!
Join current attendees from:
Cliffs Natural Resources
ONEOK
BNSF Railways
ASSA Compania de Seguros
Cemex Central
Apollo Group
Indiana Public Retirement System
HCA
Endbrige Gas Distributi
How do you manage the uncertainty of what has not happened yet?
That’s where enterprise risk management software (ERM Software) also known as operational risk management software comes in. It tracks the emerging risks and changes to existing risks across the enterprise and connects these changes to the activities and business metrics that run the business. A change in risk at the business process level, demands a change in the operating procedures to prevent this risk from materializing or seize
Basel III includes a new standard for Liquidity Risk which seems to be tripping up a few risk analysts attempting to reach this complex requirement.
In this post, we briefly look at the possible outcomes from a poorly managed liquidity risk program and the types of initiatives banks need to consider to meet the Basel III "International framework for liquidity risk measurement, standards and monitoring."
This post contains a presentation which can be downloaded
An article in the Guardian today makes great claims that the Black-Scholes mathematical justification for trading options plunged the worlds banks into catastrophe. Ummm, I fair this is a little bit of a fanatical overstatement but let's ponder on this for a moment.
Is ISO 31000 going to make the risk quantification mistakes that COSO did?
I have been following various debates on quantifying operational risk exposure on linked-in and elsewhere on the internet in the backdrop of risk standards such as COSO and ISO 31000.
What is a little disappointing is that it appears we might be falling into the same trap with ISO 31000 as the world has already done with COSO.
Let's take a look at the single problem around: What is the value of risk from an event?
For most risk systems one big selling point is the heat map. It's tidy, it's colorful and in a macabre kind of way; it really energizes management to stare in ore at registered risks in the red zone.
Worthy or not, traditional heat maps distort risk reality, they squeeze risk into a two dimensional perspective that makes the reporting process itself as dangerous as it is useful.
Providing a holistic overview on the widespread private use by employees and how many businesses embraced social media in their communications
Examining current social media compliance policies with case studies
Potential security risks, phishing scams, malware attacks,
Protection of (fair use of) intellectual property: The need to address the protection of intellectual property in policies and procedures of the proper business use of social media
Analysing the regulatory requirements on the use
The SAS five key credit modelling challenges
With regards to the banking sector, the development, refinement, calibration and validation of internal credit scoring and risk models is an on-going issue.
More can be found [ here ]
As the economic horizon continues to shift and belts tighten, small and medium sized companies — who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) — may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues — human resource compliance. Unlike their large-company counterparts, they lack the time and resources to build infrast
In this challenging environment, board members and management executives are striving to maintain their tight grip on costs while maintaining a proper focus on enterprise-wide risk.
Jack S. Dybalski is Vice President and Chief Risk Officer at Xcel Energy. He will be a key speaker at the marcus evans 5th Annual Enterprise Risk Management Conference taking place in from March 19-21, 2012 in Chicago, IL.
Jack Dybalski is the Vice President and Chief Risk Officer of Xcel Energy based in Denver, Colora
A couple of days ago a customer asked me, is enterprise risk the end game and after reading a recent question on the Enterprise Risk Management linked-in forum, "Is enterprise risk a journey or a destination?", we have been encouraged to write briefly on this subject.
Is enterprise risk a journey or a destination?
My thoughts specifically can be found at this location [ Link ]
This book provides a practical set of detailed steps to implement an Information Governance program, as well as the associated automation.
IBM has assembled a comprehensive approach to Information Governance that delivers the industry's strongest portfolio of products, services, and best practices to address every organization's needs.
====> http://bit.ly/DataGovernanceEBook
Dear member/visitor,
We work with the first class sponsors and partners who will bring you top resources which will help you advance your career and perform your job better.
Today we prepared some great resources related to Regulation, Risk and Finance for you. If you have previously registered into our White papers facility, enter only your email in the form.
1. Be the first to receive a FREE copy of Bloomberg Government Insider when you sign up and request a demo today. ===> http://bit.ly/Bloo
We are often asked for insight on business measures or KPIs for ERM programs to track overall progress and effectiveness.
The key question for risk managers is: how do I measure the value ERM is delivering to my organization?
The following are examples of measures that will quantify and measure the value your ERM program is providing:
1. Number of systemic risks identified
Systemic risk identification will detect areas of upstream and downstream dependencies throughout your organization, such as w
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 whether to replace brick lining which is critical for the survival of the equipment before the next shutdown and that is a year later.
Response : There are several ways I would go about dimensi
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 has been debated for years but this topic has resurfaced again among many financial institutions.
In this journal, we look at key practices for implementing external loss data in
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 think.
Please follow this link for the presentation
