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It is 8:00pm as the last conversation ends between a Director of Audit and Risk in the Energy sector and an Executive Director in the private equity industry. Although they have only just met, they’ve spent the evening with plenty to talk about, particularly surrounding our first Happy Hour Topic, Strategy and Risk.

At 5:00pm we opened the doors of a quaint London bakery and welcomed professionals from all industries to join us to discuss strategy and risk; three hours on our guests have exchange

We are back as per our commitment that we are going to share the complete series of Google Panda and it’s updates in our previous blog,“What is Google Panda? Implications of Google Panda on web world”. We are going to explore the first Google Panda Update 1.0 in this blog.

Panda Update 1.0 was released back in February 24, 2011 and it was a Big Earthquake for SEO industry. It influenced badly almost 12% of the search queries in the US only. Later Google applied it across the world. It is also kno

Manigentis 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 Stru

Andrew Smart, CEO and founder of Manigent, a Strategy and Risk Management consultancy, has recently developed a whitepaper on designing an operational risk appetite statement. This paper outlines a seven step process which enables organisations to deliver an operational risk appetite statement which will meets regulatory obligations while adding real business value. This paper was recently featured in new e-magazine, The Risk Universe, which is a new online publication developed by industry prof

Looking forward to the Asia Risk Professionals Congress in Singapore next week - anyone else attending? Thanks to Boris for the invitation and see you Tuesday!

Learn to integrate high business performance and risk management.

Meet the world’s leading risk experts and industry veterans.

Get up to speed on new, cross-industry risk management tools.

In the pursuit of improving business performance, risks multiply and increase in complexity. How can companies avoid these dangers?

ComplianceOnline, the leading GRC advisory network and regulatory training provider, has teamed up with Risk Luminosity Seminars (RLS) to present the Risk Management Summit: Trans

This white paper presents a low risk, high impact approach to gaining control of regulatory compliance. The procedures, tasks, and behaviors that bear upon compliance can be overwhelming. Yet organizations that can master these activities, operate more efficiently, compete more effectively, and build their brands. Learn how Governance, Risk, and Compliance technologies can help.

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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

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.

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MYTH: Insurance and Benefits related Trade Shows drive sales for their exhibitors commensurate with their expectations and overhead costs.

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 

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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.

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