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IRDA issues IPO norms for General Insurers

Insurance Regulatory and Development Authority issued a draft guidelines allowing General Insurance companies to tap the capital market.

ISO 31000 Survey

G31000, a non-profit organisation for raising awareness on ISO 31000, has recently released the First global ISO 31000 risk management survey.

Risk Managers in great demand - Growth to exceed 40% annually

The demand for risk managers is growing and likely to continue to grow for the next 5-10 years. More and more companies are focusing on risk management services.

Fines paid by global banks helps US Regulators a revenue of USD 3 Bn since 2009 - A snapshot

Some of the biggest money-laundering settlements arose with biggest banks from a probe by US regulators that began in 2009 are as follows which earned the US government USD 3 Bn:

HEALTH & SAFETY TRAINING COURSES ACROSS INDIA

NIST Offer a Comprehensive range of globally-recognised, vocationally-related qualifications designed to meet the health, safety, environmental and risk management needs of all places of work in bo

LIBOR Scandal rules the world

Lots of action lately…Price manipulation, “Power market” manipulation, LIBOR rigging, management exits, resignations, frauds and the like.

Money Laundering Regulations are simply Black and White

We have been reading about a lot of Money Laundering scrutiny recently. HSBC is in depp trouble and had to pay massive penalties.

Living Will for the Large Banks...They surely need given the recent suicidal developments

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated b

Risk Management Alert: What's Happening around the world

Basel Committee has been busy issuing guidelines. Here are some of the latest that may be worthwhile.

Basel creates a new breed of Banks - Domestic Systematically Important Banks (D-SIB)

Basel released its consultative document on framework for dealing with domestic systemically important banks. This is open for comments till 1 August 2012.

HDFC Standard Life penalised by IRDA - Poor risk management practices

Customers are Cheering. Insurers are shocked. Media is thrilled.

Infosys linked yet again in fraudulent practices

Time and again we hear of Infosys and the good deeds of Narayan Murty. But lately, the negative stories are always published with some linkage to Infosys.

Hackers targeting Indian banks with new tools

As quoted in media....

Enterprise Risk Management for Cloud Computing

Finally, COSO comes out with its guidance on Risk Management relating to Cloud computing. For so long, risks relating to cloud computing have been in the air.. literally.

Massive dent on JP Morgan's Reputation

The actual trading loss might not have had such a major impact. But the reputation is surely taking a beating. 

Basel III and beyond

So, we all know that Banking is going through its worst phase. Rogue traders across the best Banks are the highlights running through the web and the print.

Role of Company Secretary in Risk Management

Company secretary roles are key roles in any organisation.

Focus Areas for Internal Audit

So, what should an internal audit of today focus on. What are likely to be key risk areas.