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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.

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

DO you have used/excess I.T. or data center gear you would like to liquidate? We can assist, we will return capital to your I.T. budget.

For most risk systems one big selling point is the heat map. It's tidy, it's colorful and in a macabre kind of way; it really energizes management to stare in ore at registered risks in the red zone.

Worthy or not, traditional heat maps distort risk reality, they squeeze risk into a two dimensional perspective that makes the reporting process itself as dangerous as it is useful.

Click to read more

A more light hearted story than yesterday's on airline safetly.  

For those that read this story, Oliver previously worked in Risk Management for the Reserve Bank (Australia's central bank).  

Oliver is clearly a risk management 'successs story'...

http://www.theage.com.au/executive-style/lucky-poker-ace-takes-16m-prize-20120131-1qqeg.html

All my historic blogs are at http://nigeles.blogspot.com/ - the original blog site covers three main areas of interest namely, public sector IT governance and security, treatment of depression and insomnia and the provision for the disabled in the UK which relates to my daughter's need for managed independent living.

Those blog entries with a more "work" flavour are also on wordpress http://nigelyahoo.wordpress.com/

Most of my comments to date on IT governance, cloud computing and IT security are

While the Davos event kicks on in the background, something worth taking a look at are the reports that have been released on the World Economic Forum's website.

The Insight Report on Global Risks 2012 (seventh edition) is an excellent and well pulled together paper.

Follow this link for more

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. Attend the IBM Innovations in Business Analytics Virtual Event.

• Hear DIRECTV explain how infusing analytics throughout their organization has led directly to performance that outpaces their competition
• Learn how to create a powerful, comprehensive business

Recent and ancient history alike are full of failures of companies having disregarded the risks induced by their strategy. No sector is spared and even the most successful executive can trip over. The aggressive strategy by Jon Corzine (former CEO of Goldman Sachs) of turning a US brokerage firm into a “capital markets-focused investment bank” and growing proprietary trading to produce 20% of overall revenues of the firms led, less than 9 months later, to the liquidation of MF Global (October 31

“It's not the things you are afraid of that will kill you” - Mark Twain.

I have fielded a number of calls this week from recruiters looking for someone to implement a GRC process for some company. Before I can ask about firm's board governance towards risk management and accountability, the questions turn to SQL, Java and, well you get the idea. If a firm does not set its overall risk tolerance, understand its risk profile and empower managers who take risk to manage the risk, software isn't goin

In the world of risk 1+1 ≠2  and yet so many executives believe that it does but, while they do our banking risk systems will inevitably continue to fail us.  Why are banks risk processes so broken?

Continue reading why 1+1≠2 by following this [ link ].

Providing a holistic overview on the widespread private use by employees and how many businesses embraced social media in their communications

Examining current social media compliance policies with case studies

Potential security risks, phishing scams, malware attacks,

Protection of (fair use of) intellectual property: The need to address the protection of intellectual property in policies and procedures of the proper business use of social media

Analysing the regulatory requirements on the use

Almost every business leader will say that people are their most important asset, but few do anything about it. If you are going to take this principle seriously then human capital planning is crucial.

The Human Capital Plan is an important tool that organizations use to drive focused actions that can ensure goal achievement and business success. It allows organizations to assess, plan for, and respond proactively to its human capital challenges and needs. It helps shape the organization by buil