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
Banks 'starting to panic' over Fatca
Banks will face operational upheaval and increased costs as they try to comply with the new US Foreign Account Tax Compliance Act (Fatca) regulations coming into force from 2014. The implementation date for the new legislation was put back from 2013 to ...
All about the business: Critical insights on operational risk
Good news: Drawing on lessons from a range of risk disciplines and industries, clear steps emerge to forge a more integrated, performance-focused approach to IT-related operational risk management. The Operational Risk Handbook for Financial Companies ...
The ERM Tug-of-War: Controls vs. Policies and Procedures
"Policies and procedures" are one of the most important kinds of enterprise risk management (ERM) controls, yet many companies seeking to implement ERM programs act as if the two concepts are separate and unrelated. Too often, it seems as if a ...
Connecting the Dots on Risk, Analytics, and Compliance
by Peter Millar There have been many great articles published lately about risk management, analytics, fraud, compliance and the value of internal controls. All are good reading and very informative. There is a ton of good information that can be ...
PwC Survey Shows Opportunity for Internal Auditors to Align with CEO Focus on ...
The FINANCIAL -- Mumbai, August 9, 2011: PwC India recently announced the results of its seventh annual global survey on the State of the Internal Audit Profession, which found that as companies focus on strategic growth, internal auditors have the ...
New Strategies for Retail Banks in the Post-Crisis Era
Further, retail banks generally have sales, service, transaction processing and risk management infrastructures that are aging. They were largely designed and implemented in a different era, to support business strategies that are not as well ...
Investors using ETPs more for risk management
Nainesh Shah, senior securities analyst and portfolio specialist, said the short ETFs are used along with a broader array of risk management tools that include increasing cash, Treasuries and gold holdings. "We want to have diversification within the ...
Complimentary REMS Webinar Discusses Improving Benefit-Risk Decisions for ...
This webinar is the latest in a series of monthly "Wednesday FoREMS" webinars sponsored by ParagonRx, an inVentiv Health company, and the only company specializing in pharmaceutical benefit-risk management and REMS. This month's webinar will feature ...
Security and Privacy Challenges to Boom in 2012
Privacy officers around the world should prepare to focus on security and privacy monitoring, enforcement, and funding through the end of 2012, analysts plan to tell attendees at Gartner's Security & Risk Management Summit 2011 coming up next month. ...
56 pc rise in cost of cybercrime: rpt
"Organizations in the most targeted industries are reducing the impact by leveraging security and risk management technologies, which is grounds for optimism in what continues to be a fierce fight against cybercrime." Cyberattacks have become common ...
Risk managers should initiate talks with IT
Risk managers "have to demonstrate the value they can bring to the table in helping develop the cyber programs," said Art Boyle, vp, enterprise risk management at Philadelphia-based Radian Corp. "I've had many of my peers tell me when they floated the ...
Small group of industrialists control 66% mkt cap of NSE companies
This raises concerns about the efficacy of the recently introduced corporate governance norms, which are aimed at increasing the diversity in the director pool, it says. The study -- 'Coping with Corporate Cholesterol, Board Interlocks and their Impact ...
ISO adds risk management to new information security standard
The new standard ISO/IEC 27005:2011, Information technology – Security techniques – Information security risk management, provides IT managers and staff with a framework to implement a risk management approach to information security, ISO explained in ...
Sebi to upgrade surveillance system
PTI / Mumbai August 7, 2011, 15:39 IST Market watchdog the Securities and Exchange Board of India (Sebi) is planning a major upgradation of its key surveillance system through which it monitors data from stock exchange and depositories for identifying ...
Tracking the Evolution of Sarbanes-Oxley Compliance
For management and the board of directors at publicly held organizations, a new level of risk management and internal control was required to address financial reporting risk and remains so nine years later. So where does SOX compliance stand today? ...
<B>Pratip Kar:</B> The global market turmoil & Clause 49
These have given rise to serious governance issues straddling roles of the boards, independent directors, risk management, executive compensation and ethical and value-based management. Whether the present Clause 49 adequately addresses these issues ...
Dubai SME and Hawkamah tie up to develop Code on corporate governance
7th, 2011 (WAM) -- Dubai SME, the agency of the Department of Economic Development (DED), Government of Dubai, has joined hands with Hawkamah - The Regional Institute for Corporate Governance - to develop a code for SMEs on Corporate Governance. ...
Enterprise Risk Management—External forces drive growth in ERM 08/11
Interest in enterprise risk management (ERM) continues to grow over a wide range of industry sectors. Initially, as we have noted in the past, interest in ...
www.roughnotes.com/rnmagazine/2011/.../2011_08p026.htm
Implementation of Enterprise Risk Management: Evidence from the ...
Implementing a properly functioning enterprise risk management (ERM) programme has become increasingly important for insurance companies.
ideas.repec.org/a/pal/gpprii/v36y2011i3p414-439.html
The Role of Enterprise Risk Management in Corporate Governance ...
Applied properly, risk management can be successfully married with broader business objectives. Risk management has traditionally been a peripheral issue.
www.angelescriminaldefenselossite.com/.../the-role-of-enterpri...
'Regulators needed to deal with internet frauds'
PUNE: Senior BJP leader Kirit Somaiya said the Union government should set up special regulatory bodies to deal with online trading and multi-level marketing scams. Addressing a press conference in the city on Thursday, Somaiya, who is the all-India ...
14 Companies With Rising EPS, Falling P/E, And Good Corporate Governance
We ran a screen on companies exhibiting these trends, but we also wanted to look at companies with good corporate governance policies. RiskMetrics Group gives ratings for four areas of corporate governance, on risks related to: the board, ...
Internal Audit Agency to hold forum on Corporate Governance
Accra, Aug 4, GNA – The Internal Audit Agency will hold a forum to discuss ways to institutionalize internal auditing as a strategic corporate governance tool in the public sector. The two-day forum scheduled for August 18 and 19, would bring together ...
Orissa PSUs asked to implement corporate governance manual
PTI | 06:08 PM,Aug 04,2011 Bhubaneswar, Aug 4 (PTI) With eight of Orissa's 32 public sector undertakings (PSUs) incurring heavy losses, the state government today asked them to implement corporate governance manual for their betterment. ...
ERM Rodeo: Roping Risk With Effective Controls
In the enterprise-risk management (ERM) arena, risk-management professionals perform similarly amazing feats, rounding up and lassoing a herd of risks that are dangerous, unpredictable and hard to manage. They do this using a system of effective ...
ISDA Publishes Analysis of Counterparty Credit Risk Management in the US OTC ...
Insurance News Net (press release)
It also notes that risk management processes such as netting and collateralization significantly reduce US banks' net current credit exposure (NCCE). In fact, netting and collateralization decrease the NCCE of the US banking system to $107 billion ...
Focusing on Volatility: When Risk Management Pays Off
But any movement in this direction is a step toward helping reduce overall tail risk. Likewise, removing "emotional" reactions to market deterioration is a positive step. Constructing and adhering to predetermined, systematic risk management plans will ...
Risk Management Capabilities are Improving but Major Gaps Remain
At that time, risk management was essentially crisis management rather than a forward looking, enterprise-wide approach to managing the full spectrum of business risks. The concept of using risk management to enable sustainable long-term growth was ...
Data Management Fuels Front/Middle Office Convergence
Sybase's Sinan Baskan examines the new rules of the road Risk management systems have been commonly positioned as part of the middle-office operation because they require integration with front-office trading activities and back-office settlement ...
"SocGen wasn't fully confirming Kerviel's trades," says one banking head of operational risk. "There have to be full front-office to back-office controls in place. Plus your front office needs to be forensic in management. ...
Lack of cyber attack data complicates risk management
In addition, it may take buyers considerable time to decide to purchase cyber coverage, said underwriters who spoke last month during a session at the International Risk Management Institute Inc.'s Cyber & Privacy Risk Conference. ...
RIMS Standards Will Add Clarity To Risk-Management Issues
Seidenberg, also vice president in the enterprise-risk management (ERM) division of Centerline Capital Group in New York City, explains that this new status will increase RIMS' profile in the standards and practices arena by enabling it to "take a lead ...
Deloitte survey shows improved adoption of enterprise risk management
Adoption of enterprise risk management (ERM) programmes has continued to grow as 79 percent of respondents said they were currently implementing an integrated ERM programme as against 59 percent two years ago, according to a survey conducted by ...
Risk management and corporate governance: FERMA comments on European rules
Continuity Central (press release)
Federation of European Risk Management Associations opposes moves to require companies to publish more information on their risk appetite. The Federation of European Risk Management Associations (FERMA) has told the European Commission that no more EU ...
This paper reviews practical design and usage of KRI (Key Risk Indicators). ... KRI (Key Risk Indicators): Design and Applications AKS-Labs ...
www.scribd.com/doc/60827706/KRIs-Toolkit
A Brief Note on Enterprise Risk Management Techniques
gibLink is an Online Network for Business that offers a vibrant community to enhance your online presence, expand your network, access valuable online ...
www.giblink.com/.../a-brief-note-on-enterprise-risk-managem...
Increasing frauds, internal lapses at MFIs: Need to strengthen ...
Moneylife Personal Finance site and magazine
SKS Microfinance was in the news recently and this concerned cash embezzlements ... of Finance is has recently put out a draft bill for regulation of MFIs. ...
Yet another 25bps rate hike on July 26, says CNBC-TV18 poll
The Reserve Bank of India (RBI) faces an ugly contradiction-slowing growth and rising inflation. So what's the market expecting it will do on July 26, in its credit policy? CNBC-TV18's Gopika Gopakumar and Vidhi Godiawala give a lowdown. ...
Factors fuelling frauds in financial sector, by ICSAN president
Macro-economic instability, poor governance and lack of or inadequate risk management have been identified as some of the factors responsible for the sharp practices bedeviling the banking sector, stock market and general investment in Nigeria. ...
Meeting the Challenges of Governance, Risk and Compliance
This paper highlights a comprehensive framework for analyzing and managing risks in the context of corporate strategy and performance to achieving financial success. Sign in with your email & password and you will be able to access all content in MIS ...
Meeting the Challenges of Governance, Risk and Compliance
This paper highlights a comprehensive framework for analyzing and managing risks in the context of corporate strategy and performance to achieving financial success. Sign in with your email & password and you will be able to access all content in MIS ...
Single 'know your customer' form may replace separate KYCs
The sub-committee of FSDC, chaired by Reserve Bank of India governor D Subbarao, has representatives of all financial sector regulators and senior officials from the finance ministry. India has also beefed up its KYC norms in line with the requirements ...
Audit firms may also face action in Satyam-like cases
The fraud was estimated to be of the order of Rs 10000 crore. While Satyam's auditors — chartered accountants who were partners of associate audit firms of global consultancy PricewaterhouseCoopers — were arrested for alleged collusion with the ...
IDENTITY THEFT THREAT TO MILLIONS
The decision by banks to move jobs to India has already led to widespread fraud and identity theft. In 2005, it emerged that bank and credit card details were being sold for as little as £3 a person by subcontractors in India, enabling criminals to ...
Stanford's "Closer Look" Series Examines Hot Topics in Corporate Governance
(BUSINESS WIRE)--As investors and regulators take a heightened interest in the role of boards, researchers at the Stanford Graduate School of Business are examining today's most hotly debated topics in corporate governance. In Stanford's "Closer Look" ...
The HFMWeek Big Debate: Corporate Governance
Corporate governance. Capped directorships. Increased disclosure. Criticism of hedge fund boards has been following the industry around for several years, an unease in no small amount magnified by a financial crisis teeming with gates, lock-ups and ...
Board under pressure to ring in changes say governance experts
CORPORATE governance experts yesterday said a series of key issues at News Corp - including Rupert Murdoch's role as chairman and chief executive and the number of independent directors on the board - would ''inevitably'' come into focus in the wake of ...
When crumbled governance made news
Each industry is exposed to specific business instances when corporate governance norms could be given the go-by. Mahatma Gandhi once remarked, "It is difficult, but not impossible, to conduct strictly honest business". The difficult part is not to ...
Does a five-star board guarantee good corporate governance?
Moneylife Personal Finance site and magazine
But the RBI which is preparing detailed guidelines for (NBFC) MFIs, and the Ministry of Finance which is in the process of drafting a microfinance bill, ...
Mumbai bombings impact – new emphasis on risk management
'The area of corporate governance that will suffer the most due to terror attacks is risk management,' says Shriram Subramanian, managing director of Bengaluru-based InGovern Research Services. 'Mumbai is the heart of commerce in India and these terror ...
Mining firm shores up risk management
A diamond mining company in Botswana is strengthening its risk management processes following disruptions to its steel supplies. Lucara Diamond Corp's AK6 mine, which is currently under construction, was affected by interruptions to its steel supplies ...
CBI: Internal audit critical for risk management
by Rose Orlik INTERNAL AUDIT is central to risk management and provides a "critical extra line of defence", according to director-general of the Confederation of British Industry, John Cridland. Addressing the Institute of Internal Auditors' (IIA) ...
New cybersecurity risk management application for industrial control systems
Our Citicus ICS risk management software represents a significant step forward in ensuring the adequate protection of the critical infrastructures that our society takes for granted." Marco Kapp, Director and co-founder of Citicus adds, "Citicus has a ...
The CIO's Challenge: Balancing Openness with Risk Management
Now, organizations can create a cross-department, enterprise-wide identity management process that provides a layer of intelligence to give enterprises the business insights needed to strengthen IT controls and reduce operational risk. ...
UK watchdog probes two banks over money laundering
"Around a third of banks, including the private banking arms of some major banking groups, appeared willing to accept very high levels of money-laundering risk if the immediate reputational and regulatory risk was acceptable," it stated. ...
RIMSON seeks to end operational risk of companies
In this vein, Risk and Insurance Managers Society of Nigeria (RIMSON), a member of the International Federation of Risk and Insurance Management Association, is putting together a two-day workshop that would focus on organisations operational risks and ...
Making risk management a priority
Yet, the majority of risk management resources tend to be focused on operational, financial, and compliance risks.' A KPMG Enterprise Risk Management (ERM) survey of 203 companies in Singapore last year found that about half of the respondents have ...
Risk management software aids Solvency II compliance
Risk management software from IBM is being used to improve the management of operational risk and support the requirements of Solvency II at an employee benefits firm. Unum is using IBM Open Pages software to assess all internal and external risks and ...
Sebi plans to regulate MF distributors
MUMBAI: Market regulator Sebi plans to start regulating mutual fund distributors to make the industry safer and bring down incidences of miss-selling. The plan, now in its formative stage, is to start regulating large distributors, or those who are ...
OpRisk Europe: Reporting key to competent risk management
Reporting is the key to competent risk management, yet is often the area that is given the least amount of attention, a regulator warned the OpRisk Europe conference this week. Eric Caban, an examining officer in the operational risk governance team at ...
Don't Worry About Complying With Dodd-Frank Any Time Soon ...
By Bess Levin
Regulators overseeing financial reform are delaying many of the planned changes in the immense market for complex securities known as derivatives because they are running drastically behind schedule in writing their new rules.
Dealbreaker
Doing the Right Thing: The Best Risk Prevention
But the past decade has also been riddled with compliance missteps, breakdowns and fraud in companies like Enron and by people like Bernie Madoff. "There's an entire marketplace built around a risk and control system that governs risk and compliance ...
Thomson Reuters Survey Shows UK Firms Need Greater Board-Level Commitment to ...
More than 400 senior compliance officers, risk managers, internal auditors, lawyers and company secretaries affected by the new legislation responded to the survey. Among its findings, the survey shows almost 40 percent (39%) of responding businesses ...
It's not just about managing the risk of failing to comply with laws and regulations. It's not just about the risk of errors in the financial statements. It's also not just about operational and strategic risks, such as the potential failure of a sole ...