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

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

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.

Introduction

The death of Osama Bin Laden does not conclude the global threat of terrorism but in many instances it will trigger a new wave or business travel threats. If you want to know more on how the killing of Osama Bin Laden will affect business travel then you need to read this article. This article will identify the major delays, disruptions, risks and threats to business travel as a result of this high profile leader’s death. By the end of the article you will know the key issues affect

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

Dear GlobalRisk Community member,

We’ve collected really useful resources such as guides, white papers, webinars and tools. Remember, you only have to enter your information ONCE... after that, just enter your email address and you can download as many as you want. Since some have limited availability, I recommend you download the ones you are interested in immediately. Please let us know what topics are of your most interest and we will deliver them to you.

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A couple of distinctions I would like to see more attention paid to, so that it is always clear what is being addressed;

1. Ex ante prediction of risk (e.g. the probabilities assigned to possible future results)

vs.

Ex post evaluation of past risk (i.e. the experienced impact of actual past outcomes or implementations).

2. The uncontrollable risk that each various aspect of the world (market) creates for you, given that you have put yourself in a particular situation (If I do all this, how can I e

Building trust takes time. And when trust has been damaged, whether by real or perceived actions, companies must work harder and smarter to ensure they are taking every possible action to continually enhance the customer's trust. In this 1to1 Executive Dialogue, Don Peppers, Founding Partner at Peppers & Rogers Group, and MJ Crabbe-Barberis, a CRM expert who has led direct marketing strateg

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.  

There are a lot of events and anecdotes that risk managers can draw lessons from. September 11, Hurricane Katrina,  the financial crisis and the Gulf oil spill are the among the most oft-repeated.

But Pat Huddleston, former enforcement branch chief of the SEC’s enforcement division, has written an excellent article that looks to more unique sources, showing how risk managers can prevent fraud by learning from Super Bowl-winning QB Tom Brady, NFL legend John Elway and an actor best known for his r

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

Managing oil prices is all about preserving margins - which airlines are doing it right?

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