For many risk managers, the recent financial meltdown has left them questioning the veryessence of risk modeling, used by many since the 1990s to measure their firm’sfinancial risk. Investment firms have traditionally relied on fantasticallycomplex mathematical models for measuring the associated risk in their variousportfolios, primarily to reassure investors that all is well. However, theworldwide events of the past 18 months have, arguably, left the reputation of riskmodeling in tatters. Here
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Most of Europe's biggest banks comfortably passed the Committeeof European Banking Supervisors’ recentstress tests and the sector has breathed a visible sigh of relief. However,plenty of uncertainty remains over banks that either squeaked by with justenough capital or passed but did not fully disclose the data that went intotheir calculations. The spectre of counterparty risk, last seen in dramaticform in the wake of the Lehman collapse, is not far from regulators’ andinvestors’ minds amid the c
Shadow chancellor Alistair Darling has described how RBS was "a couple of hours" from collapse at the peak of the financial crisis. Speaking to Today presenter James Naughtie, he described a "frenzied conversation" with a senior RBS executive, asking him "what are you going to do?"
"Happily we did have a plan, and we stopped the bank from closing," he said.
Written by Xavier Bellouard, founder at Quartet FS |
Monday, 16 August 2010 |
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Most of Europe's biggest banks comfortably passed the Committee of European Banking Supervisors’ recent stress tests and the sector has breathed a visible sigh of relief. However, plenty of uncertainty remains over banks that either squeaked by with just enough capital or passed but did not fully disclose the data that went into their calculations. |
I start every seminar and presentation with definitions, sothat I can establish a common framework through which I can work with my audience. In particular there are a number of definitions to describe reputation and reputation risk, each serving a slightly different purpose.
These need to be further e
Many companies navigate the routine complexity of business with adequate or acceptable managem
Team Sport
ent, however it is the truly stellar company/s that excel not only on a routine basis but especially in times of crisis. It is select skills, experience and traits that are able to applied during times of critical decision-making that separate them from the herd. Specific skills and attributes are not something that can be learnt in the minutes and seconds required in order to apply to a criti
Business and IT staff at Europe's financial institutions want more emphasis placed on risk management, with just a quarter confident that their existing IT systems are capable of using stored data to provide a full analysis across all business units, according to research commissioned by Oracle.
The survey of 228 business professionals and 222 IT staff in financial institutions across Europe, conducted by Vanson Bourne, indicates that existing IT systems are unable to deliver what businesses
Bad weather or even natural calamities do not affect every city in the world nor every resident of the affected area. Accidents, an inevitable part of some environments, do not affect all your people or totally devalue all your assets. Terrorist do not consider everyone a viable target nor are their actions likely to impact everyone over the course of their lives. The facts remain that only a small percentage of events or incidents resulting in loss of value or productivity will affect your busi
The Issue
If you've heard me speak at a conference oranother event recently, you likely heard me say that in many important areas no one can predict the future.
So if you don't know whatwill happen, how can you prepare for it? The solution to this dilemma is that you don't have to predict future events in order to prepare for them.
We have a recent example with the Eyjafjallajo
These documents have informational value for all users of social media in various countries with their distinctive legal and communications culture. After all, the global use of social media has such an impact that it provides an international substance which reigns over local legal form(s), rules and r
For the Attention of Senior Managers:
Twenty-seven Inspiring Quotes about Life and the Current World’s Condition and Comments by Enrique Suarez
http://www.wix.com/suarezenrique/delta
1. "And those who were seen dancing were thought to be insane by those who could not hear the music." - Friedrich Nietzsche
Comment: very powerful message that applies 100% in my life when I am connected with my inner being and when I say that peace supersedes prosperity and not the other way around. When human beings know themselve
