CBN poised to unveil new risk management strategy
THE Central Bank of Nigeria (CBN) has said one of its focuses for the immediate future is on addressing risk management through a robust macro-prudential surveillance framework. By Ngozi Amuche THE Central Bank of Nigeria (CBN) has said one of its ...
Enterprise Risk Management Practices Should Include Human Capital ...
Based on a global survey of executives at 161 leading companies, Managing Human Capital Risk: A Call for a Partnership between Enterprise Risk Management ...
https://www.conference-board.org/press/pressdetail.cfm?...
Managing Key Risk Indicators of Reputation Risk - PRMIA ...
Key Risk Indicators (KRIs) are factors which often act as early warning signals to alert management of changes in the risk profile of an organization. ...
www.prmia.org/Weblogs/General/.../managing_key_ri.php
Risk management seen as increasingly driving competitive advantage
Of all 10 industries surveyed by Accenture, financial services companies are most likely to have in place an enterprise risk management program (79% compared to survey average of 67%). • But there's room for improvement. Only 11% of retail banking ...
Firms urged to focus on risk management
Are banks more at risk than other types of financial institution? I think the banking sector is the most notable in terms of risk management, due to the pressure of mobilising cash in the current interest rate climate. Banks provide cash to securities ...
Indian government provides further guidance on CSR
CSR and corporate governance are growing in importance in India and there is increasing debate about how these issues should be implemented and approached. In December 2009 the Ministry of Corporate Affairs released its Corporate Social Responsibility ...
CBN poised to unveil new risk management strategy
THE Central Bank of Nigeria (CBN) has said one of its focuses for the immediate future is on addressing risk management through a robust macro-prudential surveillance framework. By Ngozi Amuche THE Central Bank of Nigeria (CBN) has said one of its ...
Enterprise Risk Management Practices Should Include Human Capital Risks
NEW YORK, July 11, 2011 /PRNewswire/ -- According to a new report released today by The Conference Board, companies need to incorporate risks from workforce and people-management issues more fully into their overall risk-management structures. ...
Risk management systems: Not fit for purpose
There have been an awful lot of reports into banks' risk-management failures since 2008 and long lists of recommendations on how to improve things: so many that it's a fair bet hardly anyone reads them anymore. But bank shareholders should read the ...
SunGard Highlights Ten Trends in Wealth Management Risk and Regulations
There will continue to be significant funding requirements to comply with financial reform and risk management initiatives but this should result in more efficient processing, analytics and technology infrastructures for financial organizations. 9. ...
The TRUTH About Cloud-Based Data Storage And Risk management
However, Carrie Mallen, director of e-discovery and records information management for boutique litigation law firm Bartko, Zankel, Tarrant & Miller, says there's much more to understand about cloud computing. First, rather than labeling it 'cloud ...
Dairy producers use risk management
Norell pointed out that risk management strategies are available for managing milk and feed prices but the frequency of use is not known. Therefore, he and co-authors CW Gray and M. Chahine conducted a survey of Idaho dairy producers to determine their ...
Cloud Risks and Compliance: Those Who Forget the Past ...
So, what are the fundamental risk and compliance differences between on-premise and cloud deployments? Actually, they result from two factors: Control of the application and data that is uploaded to and that results from the operation of the ...
From online transactions to online storage: How secure are the networks that ...
Indian business faces these challenges as well. For instance, a 2011 Google India study concerning usage patterns and importance of Internet amongst Small and Medium Businesses (SMBs) in India showed that over 57 per cent SMBs now use their website as ...
Study: Supply chain management best practices helped with volatility
According to consulting firm PRTM, these five supply chain management "levers" help to ensure the operational flexibility for responding quickly to supply chain risk management issues. All five were used by the top companies rated in a new study. 1. ...
Prevent, Detect, and Analyze: Dealing With Fraud In-House
"All organizations are going to have some issues at some time," says Luis Ramos, CEO of The Network, Inc. The Network is a provider of governance, risk, and compliance services—mostly through software—to 3400 corporate clients worldwide. ...
InfoSonics Corp: A Lesson in Regulatory Risk (IFON)
Regulatory risk is the risk that a company or transaction could be negatively affected by a regulator's policy. For many companies, the regulatory framework governing the company's operations is well understood and applied equally throughout the ...
Top concerns of corporate credit risk managers
Excerpts from the interview, in which Ananth shares his personal views on some of the concerns of corporate credit risk managers. What do you see as the top concerns of corporate credit risk management? Generically, this would mostly be the measurement ...
10 Questions to Ask Executives About Risk Management
I recently shared the following with a good friend, a senior partner with a law firm, who frequently chairs discussions with boards around risk management. A good reference for boards is the 20 Questions series from the Canadian Institute of Chartered ...
RBI limits banks' equity investments in companies
The Reserve Bank of India on Wednesday issued draft guidelines stipulating the prudential limits to regulate the investment of banks in subsidiaries and other companies engaged in forms of business other than financial services. The RBI said that banks ...
Draft Microfinance Bill gives RBI total control
NEW DELHI/HYDERABAD: The government has proposed a regulatory framework for the microfinance industry that provides protection to the consumer makes the Reserve Bank of India the sole regulator and puts industry under a strict watch. ...
Ways to mitigate risk with a corporate social media policy
In another survey released in June, this one by financial advisory firm Peak Advisor Alliance, more than 50% of 200 respondents said they view social media as beneficial to business but also see it as a "major compliance risk." Todd Pack, president and ...
Bankers Say Risk Managment is Critical to Long-Term Growth
An Accenture survey reveals risk management remains top of mind for retail banks and financial services. By Matt Gunn More than half of the financial services executives surveyed in Accenture's new global risk survey believe that managing risk is ...
SAS 70 Is Dead: Hello Better Cloud Governance?
Epsilon and AWS had cited their SAS 70 reporting as evidence that their customers could trust their risk management over the very areas that were subsequently exposed. SAS 70 didn't, doesn't, and never will provide assurances for functions such as ...
Agencies Issue Guidance on Counterparty Credit Risk Management
The guidance also includes sound practices for risk control functions including, but not limited to, validating models and systems, ensuring independent risk management and internal audit processes, and managing legal and operational risks.
Gaining Traction: ERM Programs Starting To Take Off
Enterprise-risk management (ERM) has come a long way in a short time. Just a few years ago, the question was whether ERM was really even relevant. Today, a growing perception that ERM "is a business discipline that can advance an organization's ...
Risk management gains importance at corporate agenda: Accenture
Organisations across the world are considering corporate risk management as one of the top priorities in their corporate agenda to gain a competitive advantage, according to a new report by Accenture. Of the 397 executives participating in the study, ...
CTG Joins the Shared Assessments Program to Support its Vendor Risk Management ...
"By licensing the Shared Assessments Tools, CTG has demonstrated its commitment to meeting client security and vendor risk assessment needs." CTG RPM is a versatile solution that supports enterprise vendor risk management across multiple industries. ...
Risk Oversight Takes Center Stage
For the past six months, fund boards have been talking about risk oversight and exploring different risk areas, including operational, investment, enterprise-wide and regulatory risk. Risk has been a major topic on board agendas since the financial ...
Nearly half of executives in a new study report their company has a chief risk officer (CRO), up from 33% two years ago. The elevated role in the C-suite has resulted in CFOs losing the top spot as the primary owners of risk management. ...
SunGard Identifies Ten Trends in Credit Risk Management
DigitalJournal.com (press release)
Many have started to rebuild their risk technology strategies and move towards integrated risk management. Being able to achieve integration while keeping pace with evolving regulations will be key for financial institutions active in this market ...
Solvency II - Are you ready for the operational challenge?
With risk management underpinning the Solvency II regime, organisations need to look beyond the use of traditional tools such as spreadsheets and ad hoc reports, and instead begin to utilise more sophisticated solutions that can orchestrate access to ...
Bank Director :: Enterprise risk management: what it is and what ...
Speakers at Bank Director's Bank Audit Committee conference in Chicago June 13- 15 explained why an enterprise wide risk program is so important.
www.bankdirector.com/.../enterprise-risk-management-what-it...
Business tightens up on risk control
Nearly 80 per cent of financial services firms had enterprise risk management programmes, which formally integrate the issue into top executive planning, compared with 67 per cent of companies in general. Almost all Latin American businesses operate ...
Accenture Study Shows Risk Management Gains Seat at CEO Table, Driving ...
NEW YORK, Jun 29, 2011 (BUSINESS WIRE) -- Corporate risk management, viewed largely as a means of crisis management in the wake of the 2008 global financial crisis, has moved up the corporate agenda as a key to competitive advantage, according to a new ...
FEW: Panelists tackle topic of risk management
By Holly Jessen | June 28, 2011 The topic of risk management was viewed from diverse angles during a June 28 panel presentation on risk management at the 27th annual International Fuel Ethanol Workshop & Expo. "Managing the Margin: Risk Strategies to ...
Newly released ISO/IEC 27005:2011 helps improve risk management
Second, it is aligned with the risk management standard ISO31000, which makes it easier to integrate Enterprise Risk Management approaches with information security risk management. Third, it provides good, practical guidance on carrying out the risk ...
Risk Decisions | Middle Management Key to Effective Enterprise ...
Middle Management Key to Effective Enterprise Risk Management. Val Jonas, CEO of Risk Decisions Group. The global events of the last couple of years have ...
www.riskdecisions.com/322.html
5 Tangible Benefits of an Effective Risk Management Program
Ms. Hiatt discusses five tangible benefits of an effective risk management program and why risk management must be a significant issue of focus for ASCs. 1. Compliance. One of the most important benefits of an effective risk management program is it ...
Risk control in banks still weak: BI
"In pushing the implementation of good corporate governance and risk management in banks, Bank Indonesia has launched several regulations... as the first line of defense," Halim said, adding a regular external audit by public accountants was the second ...
Corporate Social Responsibility And The Role Of The Board Of Directors
The report observed that 'while a substantial number of large-cap North American firms have adopted some form of board oversight … board responsibility for corporate responsibility does not extend to true strategic planning and risk management. ...
Risk Appetite and the Pursuit of Practical, Tactical and Strategic Advantage
However, the relationship between key risk indicators, such as LTV, and fundamental economic risk is not necessarily stable. For example, a bank might start an economic cycle insisting on a 90% LTV ratio in its mortgage portfolio. ...
Aon's 2011 Global Risk Survey Points to the Need for Enterprise Risk Management
Surprisingly, the top ten risks identified by the survey were mainly enterprise risk management concerns. Here are the top ten risks keeping risk stakeholders up at night. Aon's senior leadership pointed out that since they conducted the survey, ...
Roadmap for Building Mature and Effective Enterprise Risk Management
Guidon Performance Solutions (blog)
by Larry Mead - published Jun 22 2011 10:30 AM There is overwhelming consensus among financial services executives that the current risk environment has become significantly more complex, dynamic, and difficult to navigate. And with the challenges the ...