risk (579)
The International Organisation for Standardization has recently published a new ISO standard that targets rating agencies specifically. It announced this release on the 30th of March 2011 and is classifying the Credit Rating Agency Standard as a unique set of requirements labelled ISO 10674. In this article we are briefly going to look at what this standard aims to achieve, why it has come into existence and how it will be game changing for the credit rating agencies.
More can be found by followi
The nuclear crisis still unfolding at Fukushima Daiichi continues to threaten a meltdown as core temperatures and radiation leaks continue to fluctuate. The disaster is one of the worst nuclear disasters in history. However the vulnerabilities at the power station are not isolated to Japan or utility companies; they are common risk management shortcomings in operational practices seen in every country and every industry. Here are a few lessons for managers from this crisis.
1. Link controls to
Beware the Fine Print
Introduction
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 indicators, qualifiers and the real threats revealed.
By t
Introduction
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.
By the end of this article you will have the information to act in a much more decisive manner during the next similar crisis or immediately review your cr
As it is possible to read in the article, the modeFinance financial analysts have studied the evolution of the financial performances for more than 3 million companies all around the world during the triennial 2007-2009, with the purpose of understanding the effects of the financial crisis in the compa
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.
I promised that I was going to follow up with another article on how operational risk and catastrophes can be market traded, this new blog can be found here.
The ability to trade exposure from catastrophes or to allow insurance firms to securitise their underwritten risk is an important aspect of the insurance market
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.
To list a few disasters alone, we saw Queensland which is normally a drought suffering state of Australia inundated with so much rain that mass flash flooding ens
Managing Business Travel Risks and Crisis
Introduction
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 containment of crisis as it relates to travellers and travel managers.
The objective of this article is to share with you the collective knowledge on managing crisis and significantly improve your ability to identify and manage a crisis but also improve your busin
Basel III
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.
Wrong Way Risk
Wrong Way Risk occurs when exposure to a counterparty is adversely correlated with the credit quality of that counterparty and features heavily in the Basel III requirements. This blog article discusses what drives wrong way risk and the measur
Due to the overwhelming interest in the 4th Annual ERM Conference from March 17-18, 2011, the program is currently getting very full. We are working on the last few seats for this conference and want to make sure that anyone who is interested in attending, can do so.
The last day to register is March 7, 2011!!
Current Speakers Include:
Norman Marks, SAP
Susan Sieker, Brinker International, Inc.
Cristina Tate, Hewlett Packard
David Wong, CME Group, Inc.
Geoffrey Smith, Iron Mountain, Inc.
John J. Brown
The truth about government travel advisories, warnings and alerts
If you’re like most people and you believe that government travel advisories, warning and alerts represent the most accurate advice for business travellers then you are terribly mistaken.
Here are the key elements that all business travellers and travel managers need to know regarding the validity and application of government travel alerts and travel related advice. Knowing and understanding these few simple issues will save your
26 January 2011
Paul Clarke from eFinancialCareers
Spending on risk management technology continues to be a priority for investment banks going into 2011. But, with salaries for IT professionals in this area already on the increase, firms are looking outside of the financial sector for expertise.
Yet more IT dollars will be gobbled up by risk management projects within investment banks this year, as they look to align their risk management with business strategy and investment operations. The up
Are you wondering “How safe is it to travel to Thailand in 2011?“. So are many others. Find out here what the main travel safety and security issues will be for Thailand in 2011. You may be surprised as to what the REALthreats and issues are.
Thailand Travel Safety and Security Report
Remove the guess work or hesitation when considering travel to Thailand
- No more fear and exaggerated reporting
- No more waiting for the main news broadcasts
- No more worried or confused managers and travellers
- No more c
"Travel Alert-Travel Safe"
Click link below for information/access:
Travel Alert-Travel Safe: 2011 Business Travel Threats
2010 was an eventful year for business travellers with new and varied events that caused delay, disruption and life safety concerns.
Join our global travel safety and security expert as he discusses:
- Key travel threats for 2011
- Industry and company trends
- Tips for the year ahead
- Questions from attendees
"Travel Alert-Travel Safe"
Click link below for information/access:
The economic crisis of the last few years has forced a renewed focus on the process of risk identification, management and mitigation at corporations across North America. Executives are taking a much closer look at their strategic risk management channels in order to formulate a more rigorous and effective Enterprise Risk Management programs. The interaction between executive management, the board of directors and company shareholders has presented numerous challenges and opportunities in the m
In spite of the considerable investment and development around the preservation of assets and the mitigation of risks across conventional corporate assets such as facilities, information, equipment and products, the same methodology and motivation remains far less advanced in regards to human capital.
Before any organization even explores risk management strategies for their human capital it is fundamentally important that they first determine the value at risk. Not only is it a case
Executive Summary: Sometimes your reputation in the industry is everything for you. Reputation is sacrosanct and hence any risk to the reputation of the company is considered high
I worked at Sony for many years. For a company such as Sony, the brand reputation is sacrosanct. Which means any incident or event which will bring bad name to the company will be considered a “high” risk event. This is much more accentuated because the company is Japanese .
For example a pharma company makes a mistake w
