Blogs

Euro Market Outlook – Risk Management badly needed

Ernst and Young have come out with a very good outlook report on Euro market and the impact on various industries such as Banking Asset Management, Insurance companies. The report highlights some of the major risks to these industries as a fall out of the crisis.

 Please download the report from the following link. Any feedback or comments may be provided to manoj.jain@riskpro.in

IRDA considers permitting insurance companies to take on Derivatives

Derivatives are strange instruments indeed. Some countries like them, some don't. Some regulators are against them and others are not. But, nonetheless, Derivatives play a very important part in the overall management of future exposures and liabilities. For the insurance industry that has very long dated liabilities, it does not have sufficient instruments currently to address those liabilities. Investing in Government paper, highly rated debt usually provides low returns. Then, there are also restrictions in types of instruments in which life insurance companies can invest.

COSO’s Internal Control-Integrated Framework (ICIF) – Now changing

The COSO, ICIC was first published in 1992. It is working well today, but COSO Committee feels that clarification, codification of certain principles and attributes as well as aligning it to present reality will make it more effective.

 As per COSO – What is not changing

Risk Appetite – ERM in action

For those who are passionate about ERM and risk management, take a look at the new Risk Appetite document from COSO. It is up for public comments. We think this is a great document and clearly explains how the tone for an effective risk management is set.

 We invite comments, views and articles on the topic from our users. We will share these views on our website.

Key Risk Indicators (KRI) for Oil and Gas Companies

Given below are some key risk factors for Oil and gas companies. You may want to include these KRI in your Operational Risk Management Framework.

Risk Management – Interesting Reading 3

We have compiled some interesting reading on Risk Management using Goolge Alerts. The following are some links to online content that you may find interested and enriching to read.

Happy Reading

Risk Management – Interesting Reading 1

We have compiled some interesting reading on Risk Management using Goolge Alerts. The following are some links to online content that you may find interested and enriching to read.

 Happy Reading

Independent Directors

This is a great article by Corporate Professionals (www.indiacp.com) on Independent Directors.

Stress Testing Corporate Credit Portfolio

We don't need to get stress to carry out a stress testing of a Corporate Portfolio. While the Banks derive significant benefit from it, it is regulators who will be really happy that Banks are carrying out such an exercise.

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