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.


LESSONS FROM $6 BILLION JP MORGAN LOSS

US authorities have charged two JP Morgan Chase traders with fraud in the $6 billion loss suffered by JP Morgan in what is known as the "London whale" case.
The US Department of Justice, SEC, UK’s Serious Fraud Office have charged two London based traders Mr. Martin-Artajo, who was responsible for JP Morgan's trading strategy in London, and Mr. Grout, who submitted the trades for artificially increasing the market value of securities to hide the true extent of losses. Others also may get charged as the case progresses but there are few lessons for the risk managers.

What is the impact of the implementation of internal audit software on departmental productivity

The first question to ask yourself is whether you already have an internal audit methodology. After all, what good is a tool, if the audit methodology is flawed.

So, if you already have an internal audit methodology established then it will depend on the audit department's team members learning curve regarding the software. The more adaptable the team is to the new tool, the more productivity we can expect.

Foreign Exchange Risk Management - Its impact on the common man

Author: Laxmikant Gupta - SVP, Risk and Compliance - ICICI Ventures.

Operational Risk Modeling

Anti Money Laundering (AML) in India - Trade Based Money Laundering

So, we all know what AML is how Banks can prevent Money Laundering. But very few of us know about Trade Based Money Laundering (TBML). Infact, for India, this is one of the most significant ways of money laundering because it is so difficult to detect the laundering process.

Basel III (India) - An Update

Reserve Bank of India (RBI) has issued Basel III (India) Regulations on 2 May 2012.
There have been few changes from the draft rules issued earlier for comment/feedback.

Key highlights of the new capital regulations are as follows:
1) Basel III regulations will have significant impact on ‘QUANTITY & QUALITY’ of capital requirements, therefore, there is an extended transition period beginning Jan 2013 till Mar 2018.

Writing and Implementing BCP Plan - Approach based on ISO 22301

Background on BCM and ISO 22301
Is Your Organization's Business Continuity Plan Effective?

Message posted on Linkedin.com Group - Risk Management Professionals - India

Dear Risk Professionals,

Despite controlled and restricted membership, Risk Management Professionals - India has now crossed a membership base of 3,000.

Discussions and comments are now more relevant and thoughtful. I urge you to continue to use this platform to seek information, share insights and connect with other Risk Professionals.

||| Recent Initiatives |||

Welcoming Risk in 2013

Yes, you read it right. Who would dare to welcome “Risk” into their lives in the New Year.....other than the bravest, most prepared and proactive businesses.

We present you three low cost risk management strategies that you can adopt during the new year to realise significant short term and long term values. These will better equip your firms to face uncertainties.

SEBI makes misselling punishable - just like fraud

Finally, curbing misselling is a thing that is gaining important.

Misselling of mutual funds will henceforth attract penal provisions. SEBI has brought the acts of misselling under the the Prohibition of Fraudulent and Unfair Trade Practices regulations. This is the same treatment as other activities currently considered serious such as stock price manipulation and front-running, IPO cartel.

SEBI can take punishable action against those involved in selling mutual funds making use of a false or misleading statement.

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