risk (579)

Takeaways from EGRC Magic Quadrant

Recently, Gartner released its 2011 Magic Quadrant for enterprise governance, risk, and compliance (eGRC) software.  While the report highlights the top vendors of eGRC, which includes LogicManager, it also identifies some revealing trends within the eGRC marketplace based on reliable consumer feedback.  The most notable trend recognized is the shift towards enterprise risk management (ERM) software by eGRC programs.  As Gartner states,

"ERM has emerged as the most significant use of EGRC platfor

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Foreign Exchange Risk Management

Ensure that the success of your business depends on its operations and not unpredictable economic factors and volatile currency rates.

Never before have global companies been so exposed to currency market volatility and the risks associated with it. Left unmitigated, market volatility can increase costs and compromise profits. But with an effective risk management strategy, market volatility can be harnessed to create opportunity and a key competitive advantage for your business.

 

The Risk Mana

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ERM Outlook - Where is ERM Going?

The economic crisis of the last few years has forced a renewed focus on the process of risk identification, management and mitigation. Executives are taking a much closer look at their strategic risk management challenges in order to formulate more rigorous and effective Enterprise Risk Management programs.

Howard Rosen FSA, MAAA, CERA is the Senior Director and Insurance Enterprise Risk Management Practice Leader at Standard & Poor’s. He will be a key speaker at the marcus evans Enterprise Risk
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In the current business environment organizations have no choice but to address risk issues and integrate risk management practices into their systems and operations. Enterprise risk management (ERM) must be factored into routine decision making and performance management. However, there is also the need for continuous innovation in ERM to ensure it keeps pace with ever emerging challenges.

Rob Quail is the Senior Manager of Enterprise Risk Management at Hydro One. He will be a speaker as well

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Recently organizations have been faced with the increasing threat of cyber attacks, whether from external hackers such as lulzsec or from internal attacks such as wikileaks.  Your customers' personally identifiable information, organization's intellectual property, and confidential files are all vulnerable to attack.

How prepared is your IT Risk Management? How vulnerable is your organization to a cyber-attack?  What would the consequences of a cyber-attack be on your organization? Your board nee

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Join over 16 industry leading experts at the Hilton Times Square in New York City, NY from July 14-15, 2011. Venue information here: http://www1.hilton.com/en_US/hi/hotel/NYCTSHF-Hilton-Times-Square-New-York/index.do

This practical, hands-on event will enable delegates to benchmark their ERM strategies against their peers, and is a “must-attend” conference for banks to stay ahead of the game by developing a comprehensive ERM program.

Hear from:
FDIC
KeyBank
PNC Financial Services Group
Bank of Montrea

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 PRESENTATION at this address : http://causalcapital.blogspot.com/2011/06/scenario-analysis-for-operational-risk.html

 

There appears to be a resurgence across the region for scenario analysis.  This interest to quantify extreme events seems to be motivated in part as an outcome from some of the banks looking to move their operational risk systems to a more advanced approach in Basel II.
 
While Basel-III's predecessor Basel-II doesn't require any changes to a banks operational risk framework, some
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Risk Leadership: Risk Reporting - The Need to Know

A question often asked is how broadly or how deeply do we need to design risk reporting in our risk management frameworks. Of course there is no easy answer. Let me give you a short anecdote before I give you my usual few dot points on the topic.

I was at a UNSW Australian School of Business "Meet the CEO" forum featuring David Thodey, CEO of Telstra late last year. David was asked what his greatest issue was in managing such a large organisa

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UK banks are hiding retail losses

Unbelievable but unfortunately it appears that UK banks are heading for another disaster and so soon after the recent credit crisis took grip of the country.

It was reported by the FSA that UK banks have been hiding distressed retail assets by forcing a restructure to the amount of 68% of their portfolio. This is serious, perhaps one of the most serious pieces of news I have read for the last six months and is right up there with the collapse of the US dollar. In this blog article we are going to

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Introduction

The 2011 Thailand elections will be an eventful few months for the country and businesses and travellers will be affected by the newest political climate change. If you want to know how business and travellers will be affected, then read on. In this article you will learn how recent events and the elections have affected business leaders viewpoints, travel and tourism, government agencies along with the what the next few months has in stall for everyone with exposure to Thailand. By

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While spreadsheets are still an excellent tool for data manipulation and one-dimensional analysis, they fall significantly short of delivering the capabilities a risk manager really needs to analyze trends and see the relationships the job entails.

The limitations of spreadsheets verses ERM software are systemic and largely stem from the way they manage data, their inability to easily show relationships, and their general inaccessibility.

Impractical

Risk management is an iterative process that req

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With House Committee passing a slew of rules on May 4, 2011 to postpone the implementation of derivatives section of the DFA by 18 months, Seila Bair’s decision to leave the FDIC on July 8, Geithner’s warning of a financial crisis if the legal debt limit is not raised, many are wondering if the U.S. economy is heading back into recession and will regulators be ready to prevent it.

 

These and other concerns were the main focus of the Regulatory Risk conference held in New York on May 9-10, 2011.  

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Have you really got your companies operational risk framework in check? 


If you ask a risk analyst about their impression of their companies operational risk systems which, we have to admit is a relatively unframed question, it does seem to generate the typical responses that range between: We're totally sorted, It's kind of there and We are not really sure.

Very few people ask "is the operational risk process/system in check?"  

Then of course how do we know whether a company is good at measuring
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In the wake of the financial crisis, banks are thinking more strategically than ever before about how to maximize value from their risk management programs. Risk Management has emerged as the clear choice for banks that want to gain a more advanced risk view and utilize the benefits of ERM to improve business performance in both the short and long term.Michael Fadil, SVP, Corporate Risk Management at SunTrust Bank is a speaker at the upcoming Enterprise Risk Management in the Banking Industry Co
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According to Wikipedia, “Best practices can also be defined as the most efficient (least amount of effort) and effective (best results) way of accomplishing a task, based on repeatable procedures that have proven themselves over time for large numbers of people.”

There are best practices for identifying and mitigating reputation risk in different types of companies as well as best practices for managing reputation as an asset. Please note that not every environment or every company is the same. Y

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The word "insulation" means to protect. This article is will be valuable for any Reputation manager, PR professional, Risk manager and Corporate Affairs executive.


Numerous studies including the Corporate Risk Barometer survey conducted by the Economist Intelligence Unit a few years ago; have shown that the most significant issues facing business today are; reputation risk (defined as the threat of any event that can damage a company's reputation) and regulatory risk (defined as problems caused

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Satelites Mexicanos bankruptcy protection

According to the news released by Reuters (link) on Wednesday, April 6, 2011; Satelites Mexicanos S.A. de C.V. (Satmex) filed for bankruptcy protection in a Delaware court. Reuters stated that in court papers, Satmex said it will raise about $325 million in new financing by issuing high yield debt. It will also raise $96.2 million of new equity through a rights issue.
Thanks to the MORE rating evaluation done by modeFinance (link), the company’s deterioration in the credit ratings (in 2009 the MO
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How Basel III impacts counterparty risk

The purpose of the presentation is to look at some of the key hurdles for Basel III but from a counterparty risk perspective.

Key areas which have been covered include some of the following:

» Understand how new requirements of Basel III impact counterparty risk.
» Gain insight into the hurdles for Asian Local Banks & Foreign Banks in Asia.
» Review how the key phases and causal factors of the Global Financial Crisis have been translated into Basel III requirements in the context of Counterparty R

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5 Ways to put Risk Appetite into action

An organization-wide risk appetite can be a powerful statement that gives your risk or compliance program direction.  However, like any policy, risk appetite without accompanying action is nothing more than an idea.

So how do you give your risk appetite teeth?  How do you make it an actionable guide for your organization?

Here are five recommendations to put your risk appetite into practice.

1. Translate risk appetite to the process level.

Every day your front-line managers are making operational de

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A presentation has been released by Causal Capital on how to calculate counterparty risk exposure in a bank.

The approach taken in this presentation is to look at how each department contributes to the overall framework for dimensioning Counterparty Risk measures at both a contractual and aggregated level.

The presentation can be downloaded by following this link.

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