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Breaking down the risk silo

I often hear from many risk analysts that we need to break down the risk silo and stop measuring risk in unique disciplines. But such a statement without thinking begs the question: If the silo is so evil, why did we invent the structure in the first place?

In this quick posting we look at risk silos, why they exist, the problems with them and how to make them work.

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Following the recent launch of Strategy & Risk Studio, Manigent have released a lite version of the application to allow users to download the product free of charge! 

Strategy & Risk Studio is a one-of-a-kind application enabling consultants and practitioners to design and define an organisation’s enterprise performance management, enterprise risk management and/or strategy and risk management models. The tool is based on the Risk-Based Performance Management approach, which integrates best prac

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Global Clearing House Rules

When it comes to central clearing houses and regulation, it has been a hive of activity this year.

Literally every jurisdiction is in the midst of trying in someway to fit swap contracts from the OTC domain into a clearing house. It appears however, that some clearing houses seem to be having better luck at doing this than others. 

For those interested in a quick update of global developments, please follow this link.

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Bureaucracy Banking

Banking today is viewed upon by the customers it is designed to serve as sick. 

Theoretically bankers have lost the plot it seems but I am not really sure they ever had the plot to begin with, why is that?

Banking needs to move beyond Global banking to Global-Local or Glocal banking. It needs to find the WHY we bank rather than HOW.

You can read more by following this link

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Riesgo de que la clave para el futuro de exploración de cobre

Mar Abr 17, 2012 7:57 am GMT
 
- ] Texto [ + ]

Por Josefina Mason

SANTIAGO (Reuters) - Las grandes mineras de cobre necesario para la exploración de nuevos yacimientos en los destinos más riesgosos para compensar caída de la producción de las minas de envejecimiento y para satisfacer la creciente demanda de metal refinado, y es probable que tenga que hacer todo el trabajo ellos mismos en lugar de

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  1. RESUMEN

En el presente articulo se detallan una serie de acciones y/o recomendaciones conducentes a que los ingenieros iniciemos la implementación de nuevas metodologías, tales como: Gerencia de Proyectos simultáneamente con la Gestión de Calidad y los Costos de Calidad, de esta forma se espera que las probabilidades de éxito de los proyectos se incremente, y como consecuencia la eficiencia de las inversiones en los proyectos aumentarán para beneplácito de todos los que sostenemos este país media

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LA PROBLEMÁTICA DEL RIESGO EN LOS PROYECTOS DE INFRAESTRUCTURA Y EN LOS CONTRATOS INTERNACIONALES DE CONSTRUCCIÓN.

Por: Maximiliano Rodríguez Fernández

 

Consideraciones Finales.

  • Los proyectos de construcción e infraestructura son riesgosos por naturaleza. Ello Genera la necesidad de establecer políticas de manejo y administración de riesgo adecuada a las necesidades de cada proyecto.
  • Las dificultades de los participantes en los proyectos de construcción e infraestructura surgen, en la mayoría de los
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Cyber Threats

What is the most serious cyber threat at present?

Phishing, Trojans, cross site scripting, SQL Injection or other?

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Compliance new round up

FSA warns FCA may change discretionary firms  

The FSA has in recent months warned the Financial Conduct Authority (FCA), which will take over conduct regulation when the FSA is split by the end of the year, will take a more aggressive approach to intervening in the design of financial products. Linda Woodall, head of the savings and investments department at the FSA, told Investment Adviser that “some development” may be required from discretionary fund managers (DFMs) in particular under the FC

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Wondering whether a company is going well or bad? If it is large or small? If it is profitable? Thanks to s-peek it is now possible to understand these easily.

s-peek is the unique free mobile application that allows you to understand and assess the economic reliability of each company in Europe (from Portugal to Russia, from Finland to Turkey).

Thanks to s-peek you can access to the rating, credit limit, financial information of over twenty million companies and download easily detailed reports b

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Banks capital reserve practices

The European Banking Authority released a statement indicating that gaps exist in the capital standards for about 20% of the regions top 48 largest banks. Meanwhile, the Bank for International Settlements has posted a relatively positive report on Asian banks loan reserve practices.

Are Asian banks in front of the game for capital management than their European counterparts?

Click to continue reading

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This is a copy of the latest CompliSpace blog orginally published at http://http://complispace.wordpress.com/2012/04/04/10-reasons-why-your-enterprise-risk-management-program-wont-work/.  Would love to get your feedback.

In our last blog post we boldly asserted “If You’re Not Practicing Enterprise Risk Management You Should Be”.

So it was with great interest that we came across an article in Risk Management Magazine titled “Is ERM Failing?” which basically summarised the finding of a 2012 PwC repo

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Correlate your risk factors

Dimensioning Dependency, Correlation, Causality and Mutuality for multiple risk factors is an important modelling exercise risk analysts should entertain. Not doing so is one of the reasons why CAPM is busted.

Let’s look at a very straight forward method for measuring correlation in risk variables and for propagating a final outcome.

To continue reading, follow this link

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Is your risk management program on target ?

This Conference will help you to get the benefits of referring to the ISO 31000 standard.

With more than 30+ speakers, 4 plenary sessions, 10 parallel sessions including training opportunities, this international conference is the risk management event of the year.

Our Pre-eminent Speakers

20 years of Risk Management Standardisation - Past, Present and Future

Kevin W Knight. Chairman of ISO Working Group that developed ISO 31000 – Australia

Why every RM prog

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Strategy and Risk for the iPad

Designing an organisation’s Strategy & Risk Management framework does not have to be difficult. Strategy and Risk Consultancy, Manigent, have created an innovative new way for risk and compliance practitioners to quickly develop and document their strategy and risk model: Strategy and Risk Studio for iPad.

Strategy & Risk Studio is a one-of-a-kind application enabling consultants and practitioners to design and define an organisation’s enterprise performance management, enterprise risk management

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WHERE: http://www.brighttalk.com/r/c7B

With the rising costs of data leaks and the increasing ROI of proactively securing data, 2012 is seeing Data Loss Prevention (DLP) become a priority for IT professionals. Strong DLP strategies are helping companies lower their risk of security breaches and the threats associated with the emergence of cloud computing and the consumerization of IT. This summit will reacquaint IT professionals with the pillars of a strong DLP foundation while introducing cutti

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What is wrong with VaR

Value at Risk (VaR) is often criticised. This is especially the case from those who don't use it, no surprise there and I label such propaganda as statistical xenophobia by the masses.

In this post we look at the problems with VaR and what can be done to improve this measure of potential downside.

Click here to continue reading

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It is a time of clichés for banks as they currently find themselves caught in a Catch-22, stuck between a rock and a hard place. In the UK, government initiatives such as ‘Project Merlin’ have been put in place to encourage banks to lend more freely. At the same time, new regulations or initiatives such as Basel III, Recovery and Resolution plans and leverage limits are coming to the fore, increasing the capital adequacy and liquidity requirements for banks around the world. So how do banks walk

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