Manigent is pleased to announce a successful start to 2012, with two major project wins. One of the projects will be with an Investment Bank assisting them to meet the regulatory obligations from a number of regulators globally, including the FSA here in the UK. The second project is with a legal services regulator with the intention to build additional risk management at a transitional time for the industry, with the introduction of Outcomes-focused Regulation (OFR) and Alternative Business Str
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Many organisations are now using spreadsheets to monitor and manage their risks but research suggests that this could be inefficient and impractical for risk managers.
Software, such as StratexPoint, allows risks, that an organisation face, to be clarified, aligned and effectively managed. StratexSystems believe that every business should be able to execute their business strategy whilst operating within an acceptable level of risk exposure. With a series of easy-to-deploy visual tools, like thos
StratexSystems are pleased to announce the success of one of their key consultancy partners who have seen a 20-30% jump in project productivity through the use of StratexPoint as a project delivery tool. By delivering more for less, over a shorter time frame, the consultancy partner’s clients have seen considerable benefit, as have StratexSystem's consultancy partner, with extended project benefits.
The software solution, StratexPoint, is an integrated strategy execution and risk management solut
Bulgarian Competition Law is designed to protect and foster competition and free enterprise in economic activity. Over the years the law was repeatedly changed by the legislature to meet the requirements of economic life.
Bulgarian Competition law provides protection against agreements, decisions and concerted practices, abuse of monopolistic and dominant and all other acts and actions that can lead to the prevention, restriction or distortion of competition in the country and / or affect trade
Australian banks are in for a shakeup. The Reserve Bank of Australia has decided to launch a probe into why Aussie banks keep suffering extreme service outages and APRA, the national regulator has recently finalized its Business Continuity Management guide which must be in place by the 1st of July 2012.
We have confirmed the conference to take place at The Sutton Place Hotel in Chicago, IL from March 19-21, 2012: http://www.chicago.suttonplace.com/default.htm
Spaces are limited for both the event and hotel, so please make sure to book your room ASAP. Cut-off date to book at the discounted rate is February 27th!
Join current attendees from:
Cliffs Natural Resources
ONEOK
BNSF Railways
ASSA Compania de Seguros
Cemex Central
Apollo Group
Indiana Public Retirement System
HCA
Endbrige Gas Distributi
MYTH: Insurance and Benefits related Trade Shows drive sales for their exhibitors commensurate with their expectations and overhead costs.
FACT: The thousands and thousands of dollars that it costs to exhibit at a traditional 3-day trade show, costs including travel, lodging, shipping expenses, dining and entertainment, even lost day-to-day professional duties, are rarely justified with a strong financial ROI.
MYTH: Trade Shows, and your exhibit, deliver prospects who are generally self-qualified
I recently wrote a piece for a new risk e-magazine, The Risk Universe on the topic of risk appetite statements. I would be really keen to hear the communities comments/feedback.
The paper is available at http://www.manigent.com/manigent-connect/building-a-robust-operational-risk-appetite-statement.html
I look forward to hearing from you all.
How do you manage the uncertainty of what has not happened yet?
That’s where enterprise risk management software (ERM Software) also known as operational risk management software comes in. It tracks the emerging risks and changes to existing risks across the enterprise and connects these changes to the activities and business metrics that run the business. A change in risk at the business process level, demands a change in the operating procedures to prevent this risk from materializing or seize
Basel III includes a new standard for Liquidity Risk which seems to be tripping up a few risk analysts attempting to reach this complex requirement.
In this post, we briefly look at the possible outcomes from a poorly managed liquidity risk program and the types of initiatives banks need to consider to meet the Basel III "International framework for liquidity risk measurement, standards and monitoring."
This post contains a presentation which can be downloaded
EQECAT on earthquake losses in the Philippines; J.P. Morgan/Deloitte on Australia; Willis reports on Mining; Three US states require climate change survey; A.M. Best on the U.S. economy; Towers Watson on Predictive Modeling; Barry Zalma discusses “Murder for Life Insurance.”World Risk and Insurance News - 14 Feb
J.D. Opdyke and Alexander Cavallo
In operational risk measurement, the estimation of severity distribution parameters is the main driver of capital estimates, yet this remains a non-trivial challenge for many reasons. Maximum likelihood estimation (MLE) does not adequately meet this challenge because of its well-documented non-robustness to modest violations of idealized textbook model assumptions, specifically that the data are independent and identically distributed (i.i.d.), which is clearly
An article in the Guardian today makes great claims that the Black-Scholes mathematical justification for trading options plunged the worlds banks into catastrophe. Ummm, I fair this is a little bit of a fanatical overstatement but let's ponder on this for a moment.
The equities market a decade ago cannot be compared to what it is today.
Over the last ten years, globalization really has become that, connectivity has reached the masses, the rise of Exchange Traded Funds, High Frequency Trading, the increase in the number of large positional hedge funds and the interest for sovereign powers to replace state funded pension programs with community based superannuation disbursements, are all driving factors for the emergence of asset bubbles.
In this short post we
Is ISO 31000 going to make the risk quantification mistakes that COSO did?
I have been following various debates on quantifying operational risk exposure on linked-in and elsewhere on the internet in the backdrop of risk standards such as COSO and ISO 31000.
What is a little disappointing is that it appears we might be falling into the same trap with ISO 31000 as the world has already done with COSO.
Let's take a look at the single problem around: What is the value of risk from an event?
Greek debt; a report from Swiss Re on earthquake losses and the under-insured; concerns from the Association of British Insurers over flood insurance in the UK, and warnings from Fitch Ratings regarding the impact of Solvency II on captives in the EU.
Cost cutting and better risk management remained high on the European financial services agenda at the recent World Economic Forum. Institutions worldwide are facing similar concerns, because of the ongoing instability in the current economic environment. Yet cost cutting initiatives and the move to further enhance risk management are often undertaken to the detriment of what customers today are looking for – innovation.
Regulation is intended to create transparency, but if not managed efficient
In my first newsletter of 2012 I have gone ‘back to basics’ and focussed on identifying and understanding Key Business Drivers.
Too often in management presentations, investor briefings and risk assessments - both enterprise and credit risk assessments - there is excessive focus on relatively unimportant aspects of a business or organization. This can be to the detriment of a full and through analysis of the true underlying drivers of revenues, cashflow and earnings.
I would welcome any though
We at BenefitPlace.biz and BPTradeShow.com would like to get started with a bold statement - All Employee Benefits are becoming Voluntary! What I mean by this is that while Employer Sponsored Plans remain the main portal for individuals to gain access to Insurance related Plans, Programs, and Services, Individual "Choice" is becoming more prevalent. Historically there were two types of Employer based Plan Designs that often were not integrated - "Core" and "Voluntary/Worksite Plans"! To gain
Dear GlobalRisk Community member/website visitor,
You recently downloaded a white paper from our website related to IT Security and cloud computing. Today we would like to offer you some great additional resources.
1. Navigating the Enterprise Software Minefield - 10 Critical Factors to Ensure Success
This paper will first outline the challenges of ERP selection and implementation and then offer practical advice and critical success factors to make sure your ERP process is smooth and effective
