When planning to document an Integrated Risk Management (IRM) Policy, the Risk Management Department or RMD should ensure that it is all encompassing and really paves the way for long term risk man
As per recent surveys, regulatory and compliance risk is one of the greatest strategic challenge facing global businesses. This is a finding by Ernst & Young in their recent survey.
Today, increasing number of services and consulting firms are creating a new subset of services by combining various service lines into a package known as Governance, Risk and Compliance (GRC).
When we talk of insurance, we normally associate the activity with loss reduction methods that companies employ and the size of insurance normally is related to the types of losses and expected siz
We read about a lot of frauds in local newspapers. Bank branches targeted, some person duping others with fraudulent schemes etc. These stories are those that are known and told.
“The Basel Committee (2004) defines operational risk as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.
Besides erasing billion of dollars in stockmarket valuations, the sub prime credit crisis is deeper still. The US economy get a shake every once in a while due to these credit losses.
In simple terms, enterprise risk management or ERM mean the corporate wide integration of risk management initiatives so that the net impact of the risk factors are considered in an integrated way
In America and in other parts of the world, customer privacy is taken very seriously. And right so, because of the implications of the theft of the customer information.
