Blog

modeFinance has now released on the Apple Store and Android Play the new version of "s-peek credit rating & financial report" (www.s-peek.com), the first mobile application that allows you, for free, to get the credit rating, commercial credit, together with financial information of more than 20 million European companies.

This new version features two major improvements: the search of the company and automatically monitoring the presence of new ratings of the companies that attracts your interes

According to an article in PV-Magazine (link) which is a monthly trade publication launched for the international photovoltaics (PV) community; Wafer Norway AS has to file for bankruptcy after the parent company REC ASA stated that it will not provide the necessary funding for a solvent wind-up of operations. In order to avoid filing for bankruptcy, REC ASA, owning 100 percent of the shares, would have to supply the necessary funding. However, it is stated that it did not decide to follow this p

As a risk workshop facilitator I get to assist many organisations assess risk to their key organisational objectives.  Interestingly the outcomes are not always about risk treatments, often they are about reviewing risk appetite.

Situation One:

The results of the risk workshop show that three of five key strategic objectives have Extreme risk ratings.  This may be due to one of two scenarios:  Either you are an organisation that is on the edge of the cliff OR your risk criteria are simply wrong. 

German boutique compact sports coupes maker filed for insolvency on Monday morning in a Dresden court (link).  Originally founded in 1959 and after a break, the company restarted its operations in 2006. The company has been quite famous in European auto shows and according to German press sources it has been suffering from lack of sales lately and it is stated that Melkus is out of money and seeking a fresh start. 
According to ASKMORE (link); the financial pain was on the agenda for the period 2

For those interested in reviewing the linkages between organisational performance (or 'fitness'), the use of OD and diagnostic risk consulting approaches and the implementation of ISO 31000, this webinar will discuss those topics and provide some additional information regarding steps for implementation.

The webinar is scheduled for 3 pm Los Angeles (PDT) / 5 pm Chicago (CDT) on 23 August 2012.

There are still a few places available, so register now using this link:

http://www.brighttalk.com/cha

The Dodd-Frank Act and Basel III are going to change the way banks raise, allocate and manage capital. Banks need to prepare for these changes now and develop effective strategies for achieving capital optimization and sustainable return on equity. The GFMI, a marcus evans, Capital Adequacy and Strategy Conference, September 12-14, 2012 in New York, NY, will help banks to understand what the legislation means for capital adequacy, as well as what they need to do to achieve the optimum level of c

Perhaps ten years ago, reporting risk profiles or organisational threats was a challenging thing to do for many risk analysts on the job and while the majority of risk reports were fundamentally ordinary, it became apparent quite quickly that a simple list of hazards was never going to cut it.

In this blog we look at an emerging era of risk reporting.

Click here to continue reading

In the world of risk, analysts and managers alike try to reduce the likelihood of an event occurring by inserting controls between the event's driving factors and its outcome.

Our partners at marcus evans have conducted an interview with Anika Khan, Economist at Wells Fargo Securities, recently and kindly gave us a preferential permission to publish it on our website.

Christchurch City Council has just released a blueprint for the future of the city's CBD, entitled the Christchurch Central Recovery Plan. It is bold and imaginative and makes this statement: "we are here and we will be back better than ever before".

I have just returned from meetings with city planners and consultants in Christchurch during which we discussed recovery operations and the challenges they are facing. The planning time frame is years but we all know the implications will be for deca

a free Webinar about an organisation development-  and diagnostic risk approach to implementing ISO 31000 in organisations.

The Webinar involves a brief presentation by Dr. Dean Myburgh, a New Zealand-based Risk Management Consultant with specialist diagnostic expertise; there will also be an opportunity for discussion on this approach that enables consultants and internal risk management facilitators to:

• Facilitate risk identification and discussion at all levels, both multiple self-assessment

One of the most concerning trends that continually persists in operational risk management, is the lack of interest from analysts to attempt to quantify this risk exposure coherently.

In this blog we look operational risk from the perspective of the normal and the extreme.

Click here to continue reading

Our partners at marcus evans conducted an interview with Mr. Hubert Roslund recently and kindly gave us a preferential permission to publish it on our website.

If there is a Bank Credit Portfolio with the dates of payment expired, isn't it interesting to measure how much is the (accumulated) Probability, the Borrowers do NOT pay ?
If interesting, send me just the two arrays: 1) the credits 2) the actual payments. For safety, the numbers can be multiplied by any number only you and God knows. Free.

In this short journal post, we share a presentation that reviews some of the problems of risk management in property development, how risk management currently functions in this industry sector and why it would be advantageous to adopt ISO 31000 in property development.

Click here to continue reading

CFAR-m main features (unique algo and features) 

Aggregation is a way to combine several single indicators representing different components (dimensions)
of the same concept to form a single aggregate. The result leads to a single score, called a composite
indicator, which has the ability to summarize a large amount of information in a comprehensible form .
Aggregation requires the determination of a weighting scheme of the different components. This task is
extremely difficult and is one of the c

It just seems the either no one is measuring realized risk exposure numbers for their firms, or mums the word on their findings.  The information that I collect is strongly covered by Non-Disclosure Agreements.  To help with this, I want to start publishing de-identified statistical abstracts.  

I included some of these statistical abstracts in the financial section of a paper published by ANSI.  I am a coauthor on, "The Financial Impact of Breach Health Information, A Business Case for Enhanced

Should we retrofit ISO 31000 to become the umbrella for enterprise risk management?

ISO 31000 has two key issues for integration in the enterprise. The first is an accidental creation of conflict from the ISO standards board, the other is a missed oversight on what is happening on the ground.  

In this blog we take a look at both of these problems [ Click link to continue reading ]

Since the financial crisis, the banking climate has changed considerably. What used to be an abundant landscape where most, if not all banking providers coexisted profitably, is gone.

Today, banks have been forced to operate in a drastically more competitive environment. Increased access to information, advances in technology and greater choice has given the consumer more freedom to ‘shop around’, placing them clearly in the driving seat.

The longstanding relationships banks once enjoyed with thei