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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Progress on implementing the G20 Seoul resolve for strengthening global financial stability has recently been reported as being on track.
In this blog article we are going to look at what is being done by whom and when specific deliverables are due. This is a massive mandate for the FSB and it chances on either being globally impacting or partly missing the mark, simply because of the complexity and reach within the program.
Read more by following this link
With so many risk management standards and government regulations out there that require risk assessments, how should internal audit evaluate the effectiveness of your organization’s risk management program? How would you apply any one of these frameworks to an audit? How do you meet the reporting requirements of so many external stakeholders from regulators to investors to customers to rating agencies?
Challenges with using risk management frameworks:
- Many standards to choose from: COSO, ISO 31
If you’re considering automating your governance, risk, and compliance (GRC) program there are dozens of choices out there and choosing the one that’s best for your program can be challenging.
While many tools out there can document controls and test compliance, managing enterprise-wide governance, risk, and compliance is about much more. It’s about adding measurable business value and contributing to the achievement of strategic goals.
To help you separate tools that have simply jumped on the bu
Black swans or to be precise, living with them is an interesting discussion that Nassim Taleb and Richard Herring have captured and published on the internet.
There are some valid and fascinating points from this chit-chat that I believe are worthy of embellishment and that is what I have taken to do here in this post.
To read more, please follow this link
It contains articles:
1 - Leading Article: Your name is a Precious Commodity
2 - Thinking Quickly - A Quick Reframe
3 - Some Q & A
4 - Selected Articles of Interest & Concern
5 - Stakeholder Reputation Group on Linkedin
6 - Understanding Reputation Risk
7 - Stakeholder Engagement Social Media Style
8 - Upcoming Training & Speaking events
Access it online: http://mim.io/584301 - Please let me know what you think of it.
Regards,
Thanks to the MORE rating evaluation done by modeFinance (link), the company’s deterioration in the credit ratings (in 2009 the MO
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
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
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.
The spontaneous revolutions in the Arab countries resulted in the deposing of the despotic regimes in some of them, while in others /Jordan, Syria, Libya/ they grow in scale through armed clashes and mass peaceful protests aiming the final removal of the discredited rulers. This wave of discontent can possibly incite certain forces in some of these countries to redraw the borders in the region as they were determined with the participation of the European powers in 1916-1922. These borders wer
The situation in Ivory Coast and mainly in the economic capital Abidjan since last year’s presidential elections remains unstable. The newly elected head of state Alassane Ouattara was also recognized by the international community too. In spite of this his predecessor Laurent Gbagbo refuses until now to step down /under the pretext that the elections have been manipulated/ and organizes an armed resistance against the legally elected President. The clashes currently have reached a decisive pha
Dear GlobalRisk Community member,
Many of you recently inquired about tips and suggestions for assisting you in preparing for job interviews. According to a recent report, hiring managers spend 80% of their time evaluating compatibility and only 20% on skill sets during the formal interview process. Understanding how to make an impact during the in-person interview is critical to improving your interview-to-offer ratio. We are happy to share a full webinar recording from Ivy Exec to help you
New proposed rules for Asset Backed Securities have been released by the US regulatory agencies for comment. These rules are aimed at addressing the way in which banks securitize their loan portfolios and are a response to one of the main causes for the credit crisis in 2008.
What lies ahead for banks and investors?
Read more at this link
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
