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If you’re considering automating your governance, risk, and compliance (GRC) program there are dozens of choices out there and choosing the one that’s best for your program can be challenging.

While many tools out there can document controls and test compliance, managing enterprise-wide governance, risk, and compliance is about much more.  It’s about adding measurable business value and contributing to the achievement of strategic goals.

To help you separate tools that have simply jumped on the bu

It contains articles:

1 - Leading Article: Your name is a Precious Commodity

2 - Thinking Quickly - A Quick Reframe

3 - Some Q & A

4 - Selected Articles of Interest & Concern

5 - Stakeholder Reputation Group on Linkedin

6 - Understanding Reputation Risk

7 - Stakeholder Engagement Social Media Style

8 - Upcoming Training & Speaking events

Access it online: http://mim.io/584301 - Please let me know what you think of it.

 Regards,

The purpose of the presentation is to look at some of the key hurdles for Basel III but from a counterparty risk perspective.

Key areas which have been covered include some of the following:

» Understand how new requirements of Basel III impact counterparty risk.
» Gain insight into the hurdles for Asian Local Banks & Foreign Banks in Asia.
» Review how the key phases and causal factors of the Global Financial Crisis have been translated into Basel III requirements in the context of Counterparty R

An organization-wide risk appetite can be a powerful statement that gives your risk or compliance program direction.  However, like any policy, risk appetite without accompanying action is nothing more than an idea.

So how do you give your risk appetite teeth?  How do you make it an actionable guide for your organization?

Here are five recommendations to put your risk appetite into practice.

1. Translate risk appetite to the process level.

Every day your front-line managers are making operational de

A presentation has been released by Causal Capital on how to calculate counterparty risk exposure in a bank.

The approach taken in this presentation is to look at how each department contributes to the overall framework for dimensioning Counterparty Risk measures at both a contractual and aggregated level.

The presentation can be downloaded by following this link.

The spontaneous revolutions in the Arab countries resulted in the deposing of the despotic regimes in some of them, while in others /Jordan, Syria, Libya/ they grow in scale through armed clashes and mass  peaceful protests aiming the final removal of the discredited rulers. This wave of discontent can possibly incite certain forces in some of these countries to redraw the borders in the region as they were determined with the participation of the European powers in 1916-1922. These borders wer

The situation in Ivory Coast and mainly in the economic capital Abidjan since last year’s presidential elections remains unstable. The newly elected head of state Alassane Ouattara was also recognized by the international community too. In spite of this his predecessor Laurent Gbagbo refuses until now to step down /under the pretext that the elections have been manipulated/ and organizes an armed resistance against the legally elected President. The clashes currently have reached  a decisive pha

Dear  GlobalRisk Community member,

Many of you recently inquired about tips and suggestions for assisting you in preparing for job interviews. According to a recent report, hiring managers spend 80% of their time evaluating compatibility and only 20% on skill sets during the formal interview process. Understanding how to make an impact during the in-person interview is critical to improving your interview-to-offer ratio. We are happy to share a full webinar recording from Ivy Exec to help you

New proposed rules for Asset Backed Securities have been released by the US regulatory agencies for comment. These rules are aimed at addressing the way in which banks securitize their loan portfolios and are a response to one of the main causes for the credit crisis in 2008.

What lies ahead for banks and investors?

Read more at this link

The International Organisation for Standardization has recently published a new ISO standard that targets rating agencies specifically. It announced this release on the 30th of March 2011 and is classifying the Credit Rating Agency Standard as a unique set of requirements labelled ISO 10674. In this article we are briefly going to look at what this standard aims to achieve, why it has come into existence and how it will be game changing for the credit rating agencies.

More can be found by followi

The nuclear crisis still unfolding at Fukushima Daiichi continues to threaten a meltdown as core temperatures and radiation leaks continue to fluctuate.  The disaster is one of the worst nuclear disasters in history.  However the vulnerabilities at the power station are not isolated to Japan or utility companies; they are common risk management shortcomings in operational practices seen in every country and every industry.  Here are a few lessons for managers from this crisis.

1. Link controls to

Security Specialists Wanted - I have a number of excellent opportunities for Security Specialists on a permanent basis in Edinburgh.

·       Risk & Security Managers
·       Platform Security
·       Security Analysts
·       Security Monitoring

If you are available and looking for work please forward your CV and contact details ASAP for consideration to sw@rtc.co.uk 

Scott Wiseman
Head of Information Security Division
Real-Time Consultants Plc
25 Trenchard Street, Bristol BS1 5AN
Tel: 0117 917 150

Usually deception and fraud are assumed to be, if not synonymous, at least in a relationship of implying each other. This is a well justified view since deception is misrepresentation, distortion of truth, and hiding the truth while fraud is gaining something one is not entitled of or preventing illegally and/or immorally other persons to make a gain and causing them suffer a loss as a consequence of deception. To put it in brief, deception is the first step (a preparatory stage) and fraud is th

Consumerism seems to be the main characteristic of all developed societies over at least the last four decades. Developing societies are encouraged to proceed towards the same predominance of consumerist values over all other kinds of values. The prevailing assumption is that the more consumerist a country is the more developed it proves to be. Counter all expectations, this tendency does not apply in full scale to the new democracies and new markets in Central and Eastern Europe. Strangely enou

Among the Egyptian society are growing the doubts concerning the correctness of the Higher Council of the Armed Forces’ (HCAF) activity after the 25^th of January revolution. The assessment of the events after Hosni Mubarak’s fall shows that both the stepping down of the former President and the unprecedented transfer of the country rule into the hands of the army has followed a pre-agreed scenario. It can be assumed that several goals have been pursued. The main one is to subdue the rage of the