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I know it’s a bit early for end of year predictions, however, someone asked me what I thought so I figured I’d better not keep it a secret between just him and me.

Technology

Specifically, the massive shift towards subscription/cloud based applications which brings with it plenty of opportunity and plenty of risk. The more that goes into the cloud, the smaller your IT department becomes and the less expertise you have to choose the right product to get your expected outcomes. Not to mention the cy

Back in June, the U.S. Justice Department declined to prosecute Boston-based engineering firm CDM Smith on foreign bribery charges, despite learning that the company had in fact paid $1.18 million to officials in India.

The firm paid the Indian National Highway Authority from 2011 to 2015 in exchange for contracts that resulted in about $4 million in profits. Such activity is a direct violation of the Foreign Corrupt Practices Act (FCPA).

How, then, did CDM Smith avoid prosecution? The declination

Having just completed a phone call I am feeling helpless and a bit angry. Why because the call was from a friend and colleague whose company just had a ransomware attack. It was successful and they are faced with either paying the ransom, or facing a total disruption of their business model and taking a major hit to their corporate reputation as they slowly work their way out of the mess.

Why Helpless? Because the damage is done. If they had taken our courses on managing cyber exposures at the gl

Stats don’t lie. The research of Professor Paul Nutt of Ohio State University into nearly 400 strategic decisions by major corporations showed that a mere 50% of decisions were successful. I think much of it can be explained because the leadership were implementing in the dark.

Organisations develop their own way of doing things. It’s cultural, a form of organisational creed.

When it comes to implementation, the organisational creed will dictate to a major extent how things will get done (see my

Dear Global Risk Community member,

Time is running out if you want to secure your spot on the Cultivating Your Strategic And Creative Thinking Program. 

http://globalriskacademy.com/p/strategic-thinking/

Starting 7th November, it runs for 3 months and you can fit your study around your work and home life, setting the pace yourself.

(Only 8 spots left for the upcoming program starting November 7)

As an executive taking on greater leadership responsibilities, you need to learn how to think mo

For more information, contact: ExL Events                                 FOR IMMEDIATE RELEASE

Phone: 866-207-6528

Email: registration@exlevents.com

“Ply Emerging Technologies and Effective SOPs to Enhance Regulatory Compliance and the Quality of Your Safety System”

ExL Events is hosting the 4^th Adverse Events Reporting and Safety Strategies Summit on December 4–5, 2017 at the Sonesta Philadelphia Rittenhouse Square in Philadelphia, PA.

This summit will offer an in-depth analysis of real-world dat

Ahead of the 3rd Edition IRB Models, the Standardised Approach for Credit Risk, and Capital Floors Conference, we spoke with Gottfried Gruber, Senior Examiner, On-Site Supervision Division at Oesterreichische Nationalbank, about how IRB models can be best developed for low default portfolios.

When IRB models were introduced by Basel II around 2004 the idea was to achieve a more risk sensitive approach to calculate capital requirements for credit risk. The Basel Committee then recognized the impor

Sorry. You can’t foolproof implementation of your strategy. No matter how good it is. You can however, give it a much better shot whilst battling those underlying intangible forces that dictate an organisation’s ability to outperform others that I wrote about last week.

In an increasingly transparent world, failures in risk management within the widespread and nearly instantaneous reach of media outlets ranging from Facebook and Twitter to the Wall Street Journal have had destructive effects on companies like Uber. What started as an evidently ignored employee’s ‘incident report’ posted to a personal blog caught like wildfire only hours after she pressed the Share button. The blog caught the attention of the world’s most trusted news sources and cast a net so w

Last week I wrote about corporate high performance units. Today I write about their biggest challenge: Battling the underlying intangible forces that dictate an organisation’s ability to outperform others.

Every organisation is made up of people making decisions to fulfil a purpose. Simple isn’t it? If only it were so. As I have often written, decision making is complex and there are many ways our decision making is influenced. In fact, that is what your policies, processes and systems are doing,

Here is a link to an amazing story.

The Sprocket Network is About to Change History.You may be aware that investing in companies before they become publicly traded on a public stock exchange provides for maximum capital gain potential.

Sport learns from business and business learns from sport. The time is now for corporates to adopt from sport, wholeheartedly, the concept of High Performance Units. I say wholeheartedly because I hear “high performance” used in corporates often. However, I rarely see anything new and exciting.

A High Performance Unit (HPU) in sport is the body responsible for coordinating the various support mechanisms around an athlete to ensure that they are at their peak every time their peak is required. HPU

It is a question that's difficult to answer, however, let me ask it anyway:

“Why will otherwise perfectly rational people ignore risk?”

I’m not talking about thrill-seekers who love the adrenalin rush of high-risk outdoor pursuits such as base jumping, where there is no reserve parachute as there is no time to deploy one if the first one doesn’t work. These thrill-seekers are taking quite calculated risks and making a choice that many others would not. I’m talking about ignoring risk that is real

marcus evans will host the Interest Rate Risk in the Banking Book Conference, December 4-6, 2017 in New York, NY. By attending this conference you will take away insights on maximizing your interest rate risk strategies to enhance your efficiency and effectiveness. Banks will also gain a critical, last minute opportunity to enhance their understanding of the IRRBB regulation by gaining a clarification of the rule and benchmarking their compliance strategies

Attending This Premier GFMI Conference

Is predictive analytics failing the C-suite?

__________

If you want to know more about the SIMMETHOD, please check out the online course below:

https://globalriskacademy.com/p/simmethod

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As I watch the Equifax scandal unfold, it becomes clear to me that many are at a loss of what to do, or even how to think about this data breach. The first reaction people have is centered on if they, their friends, or family were personally impacted. Rightfully so. For some advice on what you can do to protect your identity, read my recent blog, Equifax Data Breach: How to Protect Yourself.

In addition to the personal reaction, however, I would call on all employers to consider how this breach,

Arguably the fundamental review of the trading book is one of the largest regulatory overhauls impacting market risk in the last decade. FRTB is set to revise the trading book and banking book boundary whilst creating more detailed and consistent standards across the industry. For many financial institutions FRTB has been and continues to be a major focal point. A project of this scale and scope requires careful attention and consideration, however as we inch ever closer to full implementation m

marcus evans will host the 2^nd Post Merger & Acquisition Integration Conference, November 29-30, 2017 in San Francisco, CA. The two day conference will provide M&A professionals the chance to speak about trends in the industry, developing and achieving synergies, mitigating legal and financial risks, and how to effectively implement cultural integration. This event will allow you to create actionable strategies and processes that will examine a merger lifecycle, encourage employee productivity a