In the current business environment organizations have no choice but to address risk issues and integrate risk management practices into their systems and operations. Enterprise risk management (ERM) must be factored into routine decision making and performance management. However, there is also the need for continuous innovation in ERM to ensure it keeps pace with ever emerging challenges.
Rob Quail is the Senior Manager of Enterprise Risk Management at Hydro One. He will be a speaker as well
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Recently organizations have been faced with the increasing threat of cyber attacks, whether from external hackers such as lulzsec or from internal attacks such as wikileaks. Your customers' personally identifiable information, organization's intellectual property, and confidential files are all vulnerable to attack.
How prepared is your IT Risk Management? How vulnerable is your organization to a cyber-attack? What would the consequences of a cyber-attack be on your organization? Your board nee
Are we seeing ghosts everywhere or is something ugly going on indeed? Take a look to some of the current debates, concerns and questions about Greece, US and China, and imagine how it all could play out.
Greece: Austerity measures and new bailout package
Last week, Greece’s Prime Minister George Papandreou won approval to his 78 billion-euro package of budget cuts and asset sales, key to receive the fifth instalment of 110 billion-euro bailout in 2010. This despite of the boiling public anger and
Join over 16 industry leading experts at the Hilton Times Square in New York City, NY from July 14-15, 2011. Venue information here: http://www1.hilton.com/en_US/hi/hotel/NYCTSHF-Hilton-Times-Square-New-York/index.do
This practical, hands-on event will enable delegates to benchmark their ERM strategies against their peers, and is a “must-attend” conference for banks to stay ahead of the game by developing a comprehensive ERM program.
Hear from:
FDIC
KeyBank
PNC Financial Services Group
Bank of Montrea
Boards are under pressure like never before to assure their organization has an effective risk management program. The SEC, through the Proxy Disclosure Enhancements amendment, is holding them personally responsible for risk management.
If your board hasn't already come knocking on your door for a briefing on the effectiveness of risk management, they will be soon. So the $64,000 question remains:
ERM Risk Reporting: What should you present to the board?
The short answer is the larger picture of
The latest issue of Powerlines Nr. 99 – My newsletter for Reputation & Stakeholder Managers can be read at http://mim.io/c95a21
In this issue there are articles such as:
- The Problem with Reputation Risk
- Using Tools & Techniques to boost your Personal Reputation
- Preparing for Crises
- Even Shakespeare knew about Reputation Risk
- Community of Practice - Stakeholder Reputation Group on Linkedin
- Upcoming Training Courses - Dates for the rest of 2011
PRESENTATION at this address : http://causalcapital.blogspot.com/2011/06/scenario-analysis-for-operational-risk.html
There appears to be a resurgence across the region for scenario analysis. This interest to quantify extreme events seems to be motivated in part as an outcome from some of the banks looking to move their operational risk systems to a more advanced approach in Basel II.
While Basel-III's predecessor Basel-II doesn't require any changes to a banks operational risk framework, some
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.
It was reported by the FSA that UK banks have been hiding distressed retail assets by forcing a restructure to the amount of 68% of their portfolio. This is serious, perhaps one of the most serious pieces of news I have read for the last six months and is right up there with the collapse of the US dollar. In this blog article we are going to
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
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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
The title of the modeFinance’s speech will be “The theory and methodology behind the MORE rating and the MORE Credit Limit” in which every innovative aspects of the MORE Rating and MORE Credit limit will be analyzed.
The Corporate Credit Risk Event is organized by Bureau van Dijk in order to give an open view on the most modern
While spreadsheets are still an excellent tool for data manipulation and one-dimensional analysis, they fall significantly short of delivering the capabilities a risk manager really needs to analyze trends and see the relationships the job entails.
The limitations of spreadsheets verses ERM software are systemic and largely stem from the way they manage data, their inability to easily show relationships, and their general inaccessibility.
Impractical
Risk management is an iterative process that req
How banks and other financial firms can rebuild and measure the trust they've established with customers.
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
In the following link you can see the modeFinance Credit Report of Profile Technologies Inc with assigned rating C
