Risk Management Articles

Latest risk management articles to help you better understand the complex world of Risk management. If you would like to submit your articles of interest, do write to manoj.jain@riskpro.in and we will surely include your articles in this section.


Key Risk Indicators (KRI Library)

Risk Category: 

Little is known when it comes to Key Risk Indicators. The power of KRI remains only in the name. Companies today are not benefiting from immense power of KRI and how can they can make or break an organisation's growth strategy.

KRI are simple quantitative metrics that help companies to track their risk events and help business managers to take the right decisions. We all know what information a PAT, EPS, P/E multiple provides us. Or for that matter, even ratios like leverage ratio, Liquidity ratio are very powerful tools.

Internal Controls and Risk Management -Five Key defenses against risk

Risk Category: 

(Extract from Online News)

"Achieving the proper balance between entrepreneurial risk and enterprise value protection is the most difficult task of risk management and internal control, according to a new report from the Committee of Sponsoring Organizations of the Treadway Commission (COSO)"

The report describes how COSO’s enterprise risk management (ERM) and internal control frameworks can be used to improve organisational performance and governance

"The five lines of defence identified by DeLoach, a managing director for global consulting firm Protiviti, are:

Review of Corporate Governance Norms in India

Risk Category: 

On 13th February 2014, SEBI Board approved the following proposals, which will take effect from Oct 1, 2014:

Riskpro on Android - Download today

Risk Category: 

With Facebook acquiring Whatsapp and India being the core of any mega deal, we thought of staying in the race and not losing out.

Riskpro app enables you to stay in touch with the latest developments in risk management through new articles, travel alerts, security alerts, thought provoking discussions, blogs and our latest services.

If you would like to be part of this channel, please email us your articles, blogs and we will push it to Indian users through the app under your name.

Basel III Updates - Implementation of Countercyclical Capital Buffer Framework in India

RBI releases Draft Report on Implementation of Countercyclical Capital Buffer Framework in India. The key recommendations of the IWG are:

While the credit-to-GDP gap shall be used for empirical analysis to facilitate CCCB decision, it may not be the only reference point in the CCCB framework for banks in India and the credit-to-GDP gap may be used in conjunction with other indicators like Gross Non-Performing Assets (GNPA) growth for CCCB decisions in India.

The CCCB decision may be pre-announced with a lead time of 4-quarters.

IRDA allows E Insurance Repositories

IRDA has now made it possible for insurers to offer dematerialized policies similar to other dematerialized financial products. Insurer stands to gain by savings in processing while customer also benefits since it will be easier for the customers to buy and manage their multiple life insurance policies in a single demat account. Regulator had proposed that every insurance company would tie up with designated repositories - SDL Database Management, Central Insurance Repository and SHCIL Projects, Karvy and CAMS Repository Services.

How trainings can add value to NBFC companies

An NBFC will view training as to how it adds to the employees' immediate ability to generate revenue or prevent losses . Given below are some recommendations on how to maximise training budgets.

1) Credit structuring needs to be discusses in great detail as a NBFC would want to do deals which normally banks do not do, but would want to reduce risk to acceptable levels.

Why Legal Compliance Audits matter

Often, companies undertake a very comprehensive internal audit of their processes and operations. But often, the legal, compliance aspects are ignored. We provide a few guidelines below to be fully compliant with Legal regulations, which is now the single biggest compliance risk.

It is very important that legality of Environmental Law should be verified that is EIA, Environmental Consent, etc. Also the compliance needs to be verified with respect to Factories Act regarding Factory Licence, Standing orders, etc.

Yatra.com down for 2 days due to delay in domain renewal

SHRIRAM GOKTE)

Newspapers reported that the travel web site Yatra.com was unavailable over the weekend from August 9th and came back on August 11th ( “Yatra.com’s inactive site impacts sales” The Hindu August 12, 2013). During this period users could not access yatra.com and instead were redirected to a generic domain registrar’s page with the message “domain has expired”. It is understood that the outage was due to its domain name expiring on 9th August 2013.

IRDA allows broker licenses to Banks – increased compliance risk for broker banks

IRDA has unveiled rules to allow Banks to act as Brokers rather than Corporate Agents subject to SBI approval. Finance minister P Chidambaram had mentioned in his February 2013 budget speech that banks will be permitted to act as insurance brokers to increase penetration. The broker license will allow a bank to sell insurance products from multiple insurance companies while a Corporate Agent restricts them to one insurance company each from life, non-life and health.

The highlights of IRDA’s new regulations are:
•Banks will get broker license only after approval by RBI

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