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We define risk as "the effect of uncertainty on objectives" (ISO 31000), however how often do we stop and ask if we have the right objectives in the first place? On what basis were they formed? When were they developed? Have times changed? In my experience facilitating risk workshops, often a poor or even incorrect set of objectives is the "elephant in the room" for the management team. Here are some tips for ensuring you have the right objectives:

 Stakeholder Analysis - Identify your stakeholde

The problems with risk models, a Bank of England speech on why financial models are broken and the general evolution of risk management.

Over the last few months, risk models have come under the spotlight as a potential reason why risk management, as an entire institutional function, is failing.

China may be once again beating us at our own game. But instead of ripping off American goods and producing them at a fraction of the cost, this time they’ve copied our monetary policy. And like everything the Chinese do, they are doing it big.

The Chinese government has been pumping the economy with liquidity by printing money at an alarming rate. Much of that money has ended up in the hands of wasteful state-owned enterprises, or SOEs lent to them by a banking cabal.

According the Motley Foo

The Partner Asset Facility

It is often said that the benefits of Risk Management are intangible. No argument here. It's tough to say "You were successful because I helped you manage your risk" when you are talking to an already successful CEO. How then do you demonstrate the benefits of Risk Management?

One approach is around the concept of Intellectual Capital. When we talk about the value of a business, we talk about book value and market value. The difference between book and market value is often described as the intan

Earlier on this year, the Bank for International Settlements released a paper which stated directly: "No macro stress test carried out ahead of the crisis identified the build-up of vulnerabilities"

This is a very harsh reality and highlights one of the key areas risk management needs to address. In this article we look at why stress testing risk systems hasn't been working for the banking sector.

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First, what is Sarbanes-Oxley (SOX) 404 compliance? It is the legal requirement for public companies that senior management state that their company's financial reporting is accurate. Sounds simple? The expense and the value are all in the execution. How is that done? Simply put, the flow of information from the financial reports themselves is traced and connected to the activities that generate that information and the resources that are depended upon to generate that information. That sounds l

Fitch’s publication made the news in the Financial Times recently. An extra $566bn has been announced as the figure big banks will need to meet the tougher Basel III bank capital standards.
But how will financial institutions meet these steep capital requirements? Find out at Euromoney’s Basel III: The Resolution Conference.

Hear from commercial giants including Lloyds Banking Group, Rabobank, Commerzbank and Unicredit on their strategies for optimising capital in light of the Basel III guidelines

A recent debate on the ISO 31000 Linked in forum about time and risk poses the following question "Is delaying a risk considered a separate treatment method or is it just a sub-type of changing the likelihood?"

Maturity across the Counterparty Credit Risk (CCR) and Credit Valuation Adjustments (CVA) space varies greatly across the industry. Our recent survey provided some interesting insights as to whether banks are ready for CCR and CVA under Basel III, thanks to detailed responses from our clients and academic participants.

We found that there are clear differences of opinion between academics and practitioners particularly when it comes to Basel III readiness for CCR. The same is reflected with rega

 We'd like to get your input on how you see Big Data and Cloud Data Warehousing. Please take our 10 question survey and give us your input. Everyone who completes the survey will be entered into a drawing for an iPad. The survey closes on June 8th at noon Pacific and the iPad winner will be notified on June 12th.

=⇒ http://bit.ly/TreasureDataTech

This paper identifies today's most critical web threats and provides checklists for you to identify and evaluate the security capabilities you need for the best web protection.

The web is the number one source for malware distribution today. While many organizations have replaced first-generation URL filters with secure web gateways, even these advanced solutions do not provide web protection everywhere. This paper identifies today's most critical web threats and provides checklists for you to i

Video interview with XL CEO Mike McGavick...on WRINtv.

Mike McGavick discusses how economic instability affects clients, the hardening insurance market, growth through innovation and M&A activity, Dublin's position in the global insurance industry, and the major challenges and threats facing the industry.

Use companies in GR as "Fronts" for Intelligence, security, etc worldwide.

For NGO, Corp security roles worldwide.

Just thinking.

If we assume risk management is actually formalised within an institution, then a firm might do well to perhaps consider embedding decision making and appetite into their risk enterprise framework.

A look into why it is so hard to comprehend risk appetite and five tips which improve the quantification of risk appetite on objectives.

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The enterprise social software market is exploding thanks to converging trends of consumerization, cloud, and mobile. In this must-read report, "The Forrester Wave: Activities Streams, Q2 2012", Forrester Research Inc. evaluated five social software vendors with core strengths in the stream based on the overall strength of vendors' current offerings, a clear product strategy, and vendor market presence.  

Learn more: ===> http://bit.ly/ActivitiesStream

There’s always a bright side to things, just ask the markets.

All three headline composites of the latest Case Shiller home price index were lower for the first quarter 2012. In fact, home prices in many cities are at the lowest levels since the housing crisis began.

This “good news” combined with the other “good news,” Greece being such a gigantic financial disaster that it’s getting kicked out of the Euro, propelled the market higher.

If we are going to follow the stock investor’s lead, and