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1.Define a single risk appetite taxonomy across the organizations, such that

everyone understands and reports risks in a common language. This

would help in board level comparative analyses across products,

processes, business lines and other organizational elements.

2. Break down organizational silos to create an integrated risk appetite

information repository. This would aid in the sharing of information

across the organization, increasing its capability to aggregate risk appetite

information and en

Through file transfer on email. These files are in ASCII. They are used by WordPad.

They are registred as private, public or hybrid (with pictures).

Through visualization one may see parts of data.

Data comes in, volume, variety and velocity.

My workshops may introduce you in Storing and Querying Big Data in Hadoop Distributed File Systems.

Use of subconscious mind and how to use dreams for being astray with overwhelming data.

Using night for insight.

Easy data insight at www.beyond.com/todorc

My ateliers (workshops) are about the application of probabilitiy theory in brand new calculation re-education.

Also, improving measures of dimension from quality time and cost, to other dimensions.

These workshops concentrate on a calculator reintroduced as a new mean of approximation and data therapy.

I saw many similar data, on different support

When all is said and done, regulatory requirements comes down to data management. Legislation like Sarbanes-Oxley and Dodd-Frank have ushered in the necessity of adopting a data governance program to align information accountabilities amongst stakeholders, and to foster intelligent collaboration between the business and technology.

“Data governance is a set of processes that ensures that important data assets are formally managed throughout the enterprise. Data governance ensures that data can be

You want a risk management program that conforms to a particular STANDARD.  Standards usually present highly organized risk management systems.  But that is not what is needed for many of the threats that our firms face.   What We really need is a risk management program that fits our threats.

• If your threats are severe and intense, you need a highly cooperative risk management system.
• If your threats are highly complex, you need a highly organized risk management system.
• If your threats are highly

By Tom Riesack and Ute Herzog

In the ‘new normal’ of highly regulated financial markets, corporate treasurers are feeling the reverberations in their daily activities. Corporates are using swaps to hedge their commercial risks, stemming from currency, interest and commodity price exposure. To mitigate such risks treasurers have a whole arsenal of instruments ready to deploy such as swaps, forwards and options as well as individually structured products.

Under current bilateral trading agreements,

See this article on my blog.  Includes an opinion about the number of risks faced by a typical enterprise.  A list of 115 possible risks is also referenced in the blog posting.

http://blog.sms-ga.com/the-battle-between-risks-and-risk-management/

Tom O'Connor

Salt Marsh Solutions, Inc.

Fellow Risk Professionals,

I recently told a GRC tale in nine weekly episodes.  The thrust of this GRC case study on a bank’s misadventures is that an enterprise GRC solution can play a vital role in putting a well-validated and efficient process in place, so that even when management, the Board and regulators are looking in the opposite direction, they can have confidence that any significant issues will be brought to their attention and handled in a timely manner so as to minimize any negative

Liquidity has moved further and further up banking executives’ agendas thanks to the growing industry focus as well as regulatory demands for more liquidity to be available in banks. Following the 2008 crash, liquidity has established itself as a risk concern for banks like never before – the failure of Northern Rock was essentially one of liquidity not funds. As a result, liquidity management strategies continue to be at the forefront of any strategic risk plan.

A fundamental challenge for banks

This Post is the first in a set of two Posts looking at PPACA - Sometimes referred to as Obamcare or ACA.  

1) This first Post is to provide background on PPACA with Links to valuable information to answer questions for Brokers, Employers and Carriers.

2) The second Post will provide a Workable, Efficient, and Cost-Effective Strategy for Brokers and Employers to deal with PPACA/Obamacare for the 2013 Plan Year and Beyond.  The time to get started is now!  This will be Posted on Friday after your T

The aftermath of Sandy continues here on the East Coast – especially in New Jersey,  New York and Connecticut area. Yesterday many victims were also negatively affected by a Nor’Easter storm that halted the work and help of many volunteers. This storm brought 60 mph winds and 4-13 inches of snow, record breaking numbers for this time of the year.

Both storms however, have not diminished or weakened the spirits of the people in the these areas. On contrary – it has made them stronger.

One of the gr

It was supposed to be a conspiracy of epic proportions. The U.S. government knew about the threats in Benghazi and did nothing, even when pleas for help came from the Consulate. No other major news organization would follow the story. The CIA called for back-up but was told to “stand down”. U.S. government officials said it was a mob action following the release of a third-rate anti-Islam internet movie, and then changed their story. Could it be any clearer? Why wasn’t anyone doing anything abou

Is China really going to crack-down on corruption? If you believe all the buzz in the U.S. reporting on China’s national political convention (the 18th Communist Party Conference) outgoing party chair and current President Hu Jintao is finally getting serious. In oratory second only to Castro’s multi-hour monologues (minus the Cuban’s firery delivery) Hu went on for a good 100 minutes and made an ominous warning over corruption spoiling the party and threatening the state.

 Full post here: http:/

Dear GlobalRisk Community member,
We need your feedback. We would like to find out what you think about our community and how we can add more value for You. Please take one minute to answer these 3 questions. Your results will help us greatly in designing new programs for You.
We appreciate your time and thank you.

Click on the link below to access the survey

http://www.surveymonkey.com/s/YD5RJ2K

Rounding out the top ten - end China ambiguity:

China’s economic rise and increasing military assertiveness have pushed U.S. strategic ambiguity to its limits. If a decisive position isn’t taken soon, allies and friendly countries will question whether the U.S. can back up its Asia pivot talk with action. Focusing on realistic trade liberalization, increased military contacts with China and firm engagement rather than the blame and shame tactics of the past must become a priority.

Full blog post h

What's in a name? That which we call a rose by any other name would smell as sweet. ~ William Shakespeare 

The beginning of wisdom is to call things by their right names. ~ Chinese Proverb
At a symposium held by the Securities Industry and Financial Markets Association (SIFMA) in March 2012, Andrew G. Haldane, Executive Director of Financial Stability for the Bank of England, gave a speech titled, “Towards a common financial language”.[1] Using the imagery of the Tower of Babel, Mr. Haldane descr

The effort today is to develop a Monte Carlo simulation in Excel that works for operational risk losses rather than market or credit risk, where the technique is so often found. The objective is to build a fully working Microsoft Excel model which isn't just statistical theory but actually exemplifies the Monte Carlo simulation process in practice.

Click here to review and download the Monte Carlo example

With another calendar year coming to a close, some supply chain professionals get a chance to take stock, while many others brace themselves for a sudden crescendo of activity that will mercifully relent once January rolls around.  That’s a reality of the supply chain management community: It’s broad and deep and diverse.

There are many job titles that handle many responsibilities in the complex business of moving things on time and on budget in the quantity and of the quality expected; for all

Exclusive 2012 Survey Results! Download the report and get the inside track on the business attitudes and opinions of IT security.

91% of businesses have experienced at least one cyber threat 41% feel they are underprepared. The 2012 Global IT Risk Report - Coping in the Chaos? from Kaspersky explores the attitudes and opinions of 3,300 IT leaders. The report looks at how the global IT community is reacting to today's changing threat landscape and gives their predictions for the future.

Learn mo