Blog

Reputational Risk Draws Increased Board Awareness, But Not Action 

In its fifth annual board of directors survey, "Concerns About Risks

Confronting Boards," EisnerAmper surveyed directors serving on the boards of more than 250 publicly traded, private, not-for-profit, and private equity-owned companies to find out what is being discussed in American boardrooms and, in turn, what those boards are accomplishing as a result.

“The financial cost and damage to reputation from a cyber/privacy breac

Introduction to Risk  provides an introduction to the key risk, business resilience, and internal audit procedures issues facing banking professionals. It provides an understanding of risk assessment including operational risk, risk identification, risk assessment, risk mitigation, risk monitoring and control.

It details the nature and importance of third party risk policies, understanding the concept of a model risk policy and business resilience. It also covers the importance of business contin

This Business Continuity Guide is contributed by our member Roland Teo

Contingency Planning for Infectious Disease Pandemics (4th version Mar 2014) Something to guide enterprises to prepare for MERS http://lnkd.in/b3_JmDa

I was reading a recent article from Knowledge@Wharton called “It’s Worth What!? Pressure-testing Companies with Sky-high Valuations” based on a book by Derek Lidow about Startups and what leadership style is needed at which point.  So if you are a stock market punter it is worth a full read.

I was attracted to the article because I remember oh so well the dot.com to dot.bomb era at the turn of the century (doesn’t that sound like a long time ago?) and I have been fascinated with valuations of com

Despite reports that more than 65% of organizations have adopted Enterprise Risk Management, executives remain unimpressed and skeptical of the value their ERM programs are providing versus what is needed.

A new report by APQC finds that fewer than 1 in 5 executives say their companies are effectively managing emerging risk, and the report's authors worry that "Companies may be 'checking the boxes' that say they have processes to monitor strategic risks."[1]

Additionally, two in three companies sa

From a cold start to a bright future in less than six years! In 2008, a well-respected analyst house reported that “Europeans show little interest in contactless payments”. However, in 2013-2014, the two biggest card associations confirmed that contactless transactions had trebled and that spending had increased six-fold. So who is successful and why?

Let’s look at why contactless – CL - payments have the potential to reach a wide audience. First and foremost there are clear benefits for the thre

An interesting request came through from one of our customers today and is worth sharing on the Causal Capital blog because a lot of risk practitioners struggle with some of the more complex areas of modelling uncertainty. This is especially the case when risk managers are attempting to assess the size of impacts from catastrophes.

In this presentation and video, we unravel Extreme Value Theory [LINK]

Once SharePoint has taken root in a company, there’s a tendency to try to use it for everything. The mega-popular platform can accomplish many use cases, from social networking to document management. It’s no wonder then that Risk Managers have been asked to build their programs on SharePoint - and live and die with the consequences. If your organization is considering SharePoint for ERM or other governance activity, or you’re considering moving your program off SharePoint all together, consider

If you have attended a workshop or speech of mine in the last 10 years you may well have been exposed to my version of the risk management journey for organisations from Vulnerable to Resilient.  I portray the journey using an S-Curve, as shown here:



The nature of an S-Curve is that it is relatively easy to run up the middle of the curve, however, it is difficult to move up the last 20% or so.  So it is for organisations in their risk management journey and so it is for Risk Advisors in organisat

Jeffery Reynolds’ article in ABA Banking Journal, “ERM: Getting it, and getting it right”, equates the definition of Enterprise Risk Management with happiness.

"Before you start with ERM, you have to define it. If it were only that easy to nail down the definition of ERM—but it is not…Defining ERM is like defining happiness. Happiness is not the same for me as it is for you. Nor is it the same for me today as it was 20 years ago. And what drives happiness today will likely not be what defines hap

The MIT Sloan Management Review and Deloitte University Press have collaborated to produce an excellent paper on the value of social media.  It is titled Moving Beyond Marketing and it can be found here.

The article made me realise that if all an organisation is doing is using social media for communicating messages and monitoring the response, they are missing out on great opportunities.  The paper is based on research into social media use by business and derives its key learnings from busin

Recently Philippines passed into law Republic Act 10641 allowing full entry of foreign banks in the Philippines. The act is an amendment to an older RA 7721 which was passed way back in May 1994 which allowed foreign ownership of up to 60% of an existing bank or subsidiary, but limiting the entry to 1 entity.

https://www.linkedin.com/today/post/article/20140722102746-48635668-the-philippines-takes-an-important-step-towards-asean-financial-integration

Regardless of guilt or innocence, FedEx’s recent indictment has reminded us that in today’s world of complex global interactions and increased regulations, organizations must have a strong handle on interrelated risk, business processes, and relationships.

This past week, FedEx made headlines for knowingly assisting illegal online pharmacies, according to the U.S. Federal Government. The company is being charged with conspiracy to distribute controlled substances and drug trafficking, as reports

Assessing and measuring risk appetite away from an investment portfolio is perhaps one of the most difficult risk management initiatives practitioners have to entertain, it is also discussed often on risk forums and written about avidly by many consulting firms.

In this article we release a white paper that steps through the entire process of measuring and assessing risk appetite, dealing with the numbers specifically rather than just top level summaries and catch phrases on what risk appetite is

There are a couple of common refrains we hear at LogicManager on a consistent basis. One is of particular concern to risk managers seeking to establish legitimacy and trust within their organization.

"My boss just doesn't get it."

The signs you're on this boat are noteworthy. You're rarely questioned about the legitimacy of the data you've collected. Feedback is positive, but non-descript (e.g. "We appreciate your work."). Your findings don't result in a change in direction, or worse, no one even

The healthcare industry has grappled with HIPAA for nearly 20 years. The ever-changing, extensive piece of legislation mandates the protection and security of patients' private health information, and HIPAA compliance is a costly and time consuming process for healthcare organizations.

With the amount of focus and effort directed towards HIPAA compliance, risk and compliance professionals at healthcare organizations can rest assured their patients' data is protected from hackers and data theft, r

Company reputation and the fallout from reputational damage are the number one strategic risk for large companies, according to a global survey, Exploring Strategic Risk, released by Deloitte. Overall, progress on strategic risk management is evident, though most executives admit that their programs do not support their business strategy well enough.

Reputational risk was ranked third among strategic risk concerns three years ago, according to companies surveyed. Also back in 2010, brand and econ