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Operational resilience is now the main focus.
Reform of Australian Privacy law has moved a step closer with the announcement that the Australian Government will introduce amendments to the Privacy Act 1988 during the Winter sitting of Parliament.
68 percent of EMEA financial sector risk managers believe they have a higher status within their organizations than they used to.
Companies should re-examine their risk management strategies and introduce new methodologies to strengthen their operational and financial resilience.
The future threats and risks related to water challenges (shortages, poor water quality and floods) have been assessed by the US Office of the Director of National Intelligence.
After a year of heightened global political unrest, a major new report – the Political Risk Atlas 2012, released by risk analysis firm Maplecroft, has identified some of the most significant political risks for business and investors in 2012 and beyond.
Chemical, energy and auto industries in ‘red alert’ over the future disruption of rare earth metals supply.
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•Date: 8th December 2011 • Region: World •Type: Article
Survey finds that many organizations still issue Group Admin accounts, despite the fact that they pose a significant risk to businesses whilst also contravening best practice and compliance requirements.
Social media poses significant risks to European businesses, according to a survey by the Federation of European Risk Management Associations in cooperation with the Institute of Risk Management.
Maplecroft looks at operational risks related to a broad range of conflicts in countries around the world; India now rated ‘extreme risk’.
Climate change impacts from abroad could affect the UK more than climate change at home according to a report, published by Foresight, the Government’s futures think tank.
‘Principles for the Sound Management of Operational Risk’ and ‘Operational Risk - Supervisory Guidelines for the Advanced Measurement Approaches.’
Cyber, ‘hacker’, pirate and terrorist attacks are expected to rise across the global supply chain over the next 20 years and firms should plan now to protect their assets, says a new PwC report.
Rentokil Initial wins business continuity category.
What are the greatest risks facing insurance sector organizations over the next 2-3 years?
‘Risk Spotlight: Managing Supply Chain Resiliency in an Increasingly Risky World.’
Essential lessons from the Japan disaster aftermath. By Patrick Brennan.
Helps companies insure areas which are otherwise difficult to cover: such as inability to manufacture or distribute a product because of another organization's product recall, regulatory risks, and information technology network disruptions or suspensions.
A checklist.
UK companies are exposing themselves to significant and unnecessary losses due to serious flaws in the way their corporate insurance policies are arranged.
Maplecroft has issued a business and political risk briefing for the MENA region.
Deloitte’s latest financial services risk management survey finds that 79 percent of institutions have an ERM program or equivalent in place.
Risk and threat considerations for businesses.
New UK government report identifies key resources at risk and consequences for private and public sector.
Rising global populations and increased consumption have triggered water-related challenges across almost every industry around the world.
The level of political risk has risen in more countries than it has declined.
Russia and Pakistan enter Maplecroft’s ranking of the ten most volatile business environments.
The World Economic Forum has published the sixth edition of its annual review of current and emerging risks.
Space weather, new cyber risks and failing critical infrastructure will be increasing threats.
The Basel Committee on Banking Supervision has issued for consultation two papers on operational risk: ‘Sound Practices for the Management and Supervision of Operational Risk’ and ‘Operational Risk - Supervisory Guidelines for the Advanced Measurement Approaches’. More details.
•Date: 15th Dec 2010 • Region: World •Type: Briefing
Few organizations are effective at anticipating and measuring emerging risks.
GRC Stack helps key stakeholders to implement and assess security of cloud environments.
Huge areas of Australia, India, China and USA at ‘extreme risk’: Maplecroft Water Stress Index.
A new paper has been released by the Basel Committee on Banking Supervision.
Companies should include infrastructure risk in their strategic planning.
Environmental Liability Directive to bare its teeth in Hungarian disaster, says Aon.
A resurgence of bedbug infestations across the US has become a growing concern for commercial businesses, especially retailers
More needs to be done to understand the vulnerabilities to severe events.
BSI publishes new guidance to protect food and drink businesses from all forms of malicious contamination; introduces a new protective strategy: the 'Threat Assessment Critical Control Point'.
Climate risk evaluation should cover six key areas – supply chains, assets, operations, markets, regulatory compliance and business reputation.
Managing the impacts of social media comes down to having the right overall crisis management practices in place.
The need to maintain cashflow after a large incident is an aspect of disaster planning that is easily overlooked.
Every large organization can learn from the ongoing Deepwater Horizon disaster says Geary W. Sikich. •Date: 17th June 2010 • Region: US/World •Type: Article
Techniques used by scientists in fields such as biology and complexity are being applied to risk management in a radical new approach which promises to reduce unwelcome surprises.•Date: 15th June 2010 • Region: UK/World •Type: Article
According to new research from FM Global.•Date: 11th June 2010 • Region: US/World •Type: Article
A new ISACA white paper says that good ‘social media governance’ is needed for managing risk without sacrificing opportunity.•Date: 9th June 2010 • Region: UK/World •Type: Article
The Bank for International Settlements has published a working paper by
Stephen Cecchetti, Ingo Fender and Patrick McGuire which makes the case for developing a global risk map. •Date: 2nd June 2010 • Region: World •Type: Article
The Financial Reporting Council has issued the ‘UK Corporate Governance Code’.•Date: 2nd June 2010 • Region: UK •Type: Article
AEA wins UK government contract to investigate materials and resources that are under threat.•Date: 28th May 2010 • Region: UK •Type: Article
The balance between water demand and availability has reached a critical level in many areas of Europe: European Commission report.•Date: 19th May 2010 • Region: W.Europe •Type: Article
Increased interest from organizations wanting supply chain insurance that includes coverage for losses from non-physical damage.•Date: 19th May 2010 • Region: World •Type: Article
Willis Research Network identifies the ten most dangerous European volcanoes; Eyjafjallajökull doesn’t make the list.•Date: 14th May 2010 • Region: Europe •Type: Article
Macroawareness of risk – is this really a reasonable expectation of executive leadership and the board? By Joe Long.•Date: 23rd April 2010 • Region: US/World •Type: Article
Wider economic implications of proposals to strengthen the resilience of the banking sector have not sufficiently been thought through and could hamper economic growth. •Date: 23rd April 2010 • Region: World •Type: Article
Financial sector crisis was not caused by any technical or process failure in risk management but by failures in culture and ethics: HBOS ‘whistleblower’ Paul Moore.•Date: 22nd April 2010 • Region: UK/World •Type: Article
Survey of actuaries indicates focus on systemic risks and importance of corporate culture when adopting enterprise risk management.•Date: 16th April 2010 • Region: US •Type: Article
According to Aon’s 2010 Global Enterprise Risk Management Survey.•Date: 14th April 2010 • Region: World •Type: Article
The UK Bribery Act has received Royal Assent and as a result companies should review their risk profile and anti-bribery programmes.•Date: 13th April 2010 • Region: UK •Type: Article
‘Enterprise Security Risk Management: How Great Risks Lead to Great Deeds’. •Date: 9th April 2010 • Region: US/World •Type: Article
Risk management at the heart of the proposals.•Date: 31st March 2010 • Region: World •Type: Article
Peter Power explains why he believes that enterprise risk management can bring the risk management and BCM professions closer together.
Would result in companies taking risks with insurance cover according to AIRMIC.•Date: 24th March 2010 • Region: UK •Type: Article
Jointly published by New Zealand and Australian standards authorities.•Date: 5th March 2010 • Region: Aus/NZ/World •Type: Article
‘A structured approach to Enterprise Risk Management (ERM) and the requirements of ISO 31000’ is available from Airmic, Alarm, and the IRM.•Date: 2nd March 2010 • Region: UK/World •Type: Article
Sector is incurring fewer major losses and enjoying reduced insurance costs as a result...•Date: 25th Feb 2010 • Region: World •Type: Article
Nearly half of companies don't have full clarity about who is in charge of governance, risk and compliance: survey.•Date: 22nd Feb 2010 • Region: UK •Type: Article
A new ICT risk governance framework which applies common standards across Europe is required...•Date: 11th Feb 2010 • Region: Europe •Type: Article
Section 10 of the Corporate Manslaughter and Corporate Homicide Act 2007 comes into effect on 15 February 2010.•Date: 11th Feb 2010 • Region: UK •Type: Article
A new white paper, authored by SunGard Availability Services.•Date: 3rd Feb 2010 • Region: UK/World •Type: Article
Poll identifies top threats to banks.•Date: 3rd Feb 2010 • Region: World •Type: Article
‘ISO/IEC 31010:2009, Risk management – Risk assessment techniques.’
Read article•Date: 28th Jan 2010 • Region:World •Type: Article
Elevated political risk levels to continue into 2010, says Aon.
Read article•Date: 28th Jan 2010 • Region:World •Type: Article
‘ERM for insurance companies – adding the investor’s point of view’.
Read article•Date: 27th Jan 2010 • Region: UK/World •Type: Article
KPMG highlights issues that should be at the top of the audit committee agenda in the coming year.
Read article•Date: 21st Jan 2010 • Region: UK/World •Type: Article
The World Economic Forum has published its annual look at the risks facing businesses in the year ahead.•Date: 19th Jan 2010 • Region: World •Type: Article
ERM maturation key to optimizing and reducing total cost of risk, strengthening business resiliency and increasing operational efficiency: Aon.•Date: 14th Jan 2010 • Region: World •Type: Article
Fortune 1000 companies are managing risk for less than 20 percent of suppliers. •Date: 13th Jan 2010 • Region: US/World •Type: Article
New document available from the Institute of Risk Management’s Charities Special Interest Group. •Date: 6th Jan 2010 • Region: UK/World •Type: Article
Growth follows increased focus on enterprise-wide risk management: survey.
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A project to implement a unified approach to identification, recording, management and reporting of risk is underway.•Date: 11th Dec 2009• Region: UK •Type: Article
Rsk governance moving towards a top-down, enterprise-wide approach, with risk reporting to the board moving to a more regular quarterly or monthly basis. •Date: 10th Dec 2009• Region: World •Type: Article
ISO has announced that ISO 31000:2009, the new international standard for risk management, has been published.•Date: 19th Nov 2009• Region: World •Type: Article
Institute of Risk Management will shortly be releasing a simple guide on how to use ISO 31000 in a practical context.•Date: 19th Nov 2009• Region: UK •Type: Article
On November 10th the European Council adopted a directive setting out new solvency rules for insurance companies.
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•Date: 11th Nov 2009• Region: UK/Europe •Type: Article •Topic: Op.risk
Increased downtime and system failures can be expected.
Read article•Date: 6th Nov 2009• Region: World •Type: Article
Research shows “it's no longer enough just to block employee access to certain sites”.•Date: 20th Oct 2009• Region: UK/World •Type: Article
The Risk and Insurance Management Society, Inc. (RIMS) has announced its strong support for the creation of ‘risk committees’ for publicly traded companies. •Date: 9th Oct 2009• Region: US/World •Type: Article
A new Aon Analytics report explores how risks are changing in the retail sector.
Read article•Date: 8th Oct 2009• Region: US •Type: Article
How will risk management practices develop and what changes will we see in the way organizations structure risk management?•Date: 2nd Oct 2009• Region: World •Type: Article
Companies need to wake-up to the compliance risks associated with the EU Environmental Liability Directive.•Date: 1st Oct 2009• Region: Europe •Type: Article
Over 60 percent of IT managers perceive a business risk to the organization they work for because of unmanageable IT estates.
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According to Marsh chairman and CEO.
Read article•Date: 25th Sept 2009• Region: US/World •Type: Article
OpenPages survey finds that 89 percent of companies expect 2010 GRC spending to stay the same or increase.
Read article•Date: 23rd Sept 2009• Region: World •Type: Article
Report and recommendations of the Cross-border Bank Resolution Group issued by the Basel Committee.
Read article•Date: 22nd Sept 2009• Region: World •Type: Article •Topic: Financial sector
...but few do it. A new report from The Conference Board explores the issue.•Date: 16th Sept 2009• Region: US/World •Type: Article
COSO highlights four critical areas that contribute to effective board oversight of enterprise risk management.
Read article•Date: 2nd Sept 2009• Region: World •Type: Article
Aon eSolutions has announced the launch of RiskConsole in China and Japan.
Read article•Date: 27th August 2009• Region: SE Asia•Type: Article
The issue jeopardizes performance: Ernst & Young study.
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•Date: 18th August 2009• Region: World •Type: Article
UK companies risk falling foul of anti-bribery and corruption rules, according to a new report by KPMG Forensic.
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•Date: 13th August 2009• Region: UK •Type: Article
The Aon 2009 Risk in 21st Century Supply Chains survey.
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•Date: 11th August 2009• Region: World •Type: Article
According to Zurich Municipal report.•Date: 31st July 2009• Region: UK •Type: Article
According to a new report by Lloyd’s business leaders feel comfortable managing internal risks but are less confident about external risks.
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•Date: 30th July 2009• Region: UK/World •Type: Article
Finds that 85 percent of financial institutions have a chief risk officer, but 25 percent are limited to a control role.
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•Date: 30th July 2009• Region: World •Type: Article
According to new Marsh-RIMS report.
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•Date: 16th July 2009• Region: US •Type: Article
According to a KPMG survey.
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•Date: 10th July 2009• Region: UK •Type: Article
CERT has begun releasing the individual process areas of the CERT Resiliency Management Model, a capability model for operational resiliency management.
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•Date: 3rd July 2009• Region: US/World •Type: Article
‘Risk in 21st Century Supply Chains.’
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•Date: 2nd July 2009• Region: World •Type: Article
Public sector risk management awards presented at annual conference.
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•Date: 26th June 2009• Region: UK •Type: Article
Business continuity a key area for investment.
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•Date: 25th June 2009• Region: UK/Europe •Type: Article
Poll finds that supply chain issues and the impact of redundancies on day-to-day operations are the biggest new operational risks.
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•Date: 24th June 2009• Region: UK •Type: Article
With Ariba Supplier Management, companies can gain the most comprehensive view of supply risk and proactively diagnose and mitigate these issues before they impact their organization.
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•Date: 24th June 2009• Region: World •Type: Article
Various items arising from one of the main events in the risk management year.
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•Date:18th June 2009• Region:UK/World •Type: Article
Four key vendor risk criteria areas and what to look for in each.
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•Date: 12th June 2009• Region: World •Type: Article
Expropriation — the confiscation of privately-owned assets by a government — was the dominant political risk of the 1970s, but may make a comeback due to the instability created by the global financial crisis.
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•Date:9th June 2009• Region: Various •Type: Article
According to Ernst & Young report.
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•Date: 15th May 2009• Region: World •Type: Article
Solvency II will be at the top of every insurer’s agenda for the next three years...
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A new solution for managing supplier risk.
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•Date: 8th May 2009• Region: World •Type: Article
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What must insurers focus on to ensure compliance?
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•Date:24th April 2009• Region: UK/Europe •Type: Article •Topic: Financial sector BC
Strategic Risk will be running its fifth annual awards ceremony on Thursday 7th May 2009 at the Hilton Berlin.
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•Date:24th April 2009• Region: UK/Europe •Type: Article
Aon report explores the top ten current risks.
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•Date:21st April 2009• Region: World •Type: Article
‘Huge change in fraud risk exposure due to the recession’ requires organizational action.
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•Date:8th April 2009• Region: UK •Type: Article
There are big risks in treating fraud as a low priority in the recession, small businesses are being warned by the Fraud Advisory Panel (FAP).
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Executive report provides guidance on the identification and evaluation of appropriate technologies to assist enterprise risk management.
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•Date:24th March 2009• Region: World •Type: Article
This paper by Sean Lyons provides a series of interviews with various experts on organizational ‘self-defense’ and resilience.
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•Date: 20th March 2009• Region:World •Type: Article
Marsh / GMI study provides a snap-shot of ERM activities.
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•Date:19th March 2009• Region: World •Type: Article
New Deloitte Touche Tohmatsu report says that sector is facing increasing business risks.
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•Date:16th March 2009• Region: World •Type: Article
Developed by COSO and led by a diverse Grant Thornton LLP team.
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•Date:24th February 2009• Region: World •Type: Article
According to Ernst & Young research.
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•Date:19th February 2009• Region: US •Type: Article
Intelligence firm warns of potential disruptive effects of recession.
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•Date:12th February 2009• Region: World •Type: Article
Political stability will be the next victim of the credit crunch. Iceland and Greece serve as early warnings.
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•Date:29th January 2009• Region: World •Type: Article
‘The 2008 financial crisis: a wake-up call for enterprise risk management.’
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•Date:29th January 2009• Region: World •Type: Article
A report released by the World Economic Forum reports on the changing profile of 36 major risk areas.
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•Date:23rd January 2009• Region: World •Type: Article
British Prime Minister Gordon Brown has announced that risk management standards will be on the agenda at the G20 summit on 2nd April.
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•Date:22nd January 2009• Region: UK •Type: Article
The Basel Committee on Banking Supervision has issued a package of consultative documents to strengthen the Basel II capital framework.
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•Date:21st January 2009• Region: World •Type: Article
Aon reports on the key risk management challenges facing UK enterprises.
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•Date:16th January 2009• Region: UK •Type: Article
MMC president and CEO Brian Duperreault has spoken out to defend ERM.
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•Date:15th January 2009• Region: US/World •Type: Article
As business risks of all kinds continue to proliferate, management and internal audit departments are actively seeking new ways to quickly gain access to valuable information to manage risk and improve performance.
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•Date:9th January 2009• Region: World •Type: Article
Basel Committee issues consultative paper.
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•Date:8th January 2009• Region: World •Type: Article
More than three-quarters of those surveyed report that risk management is still stigmatized as a support function at their bank.
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•Date:8th January 2009• Region: World •Type: Article
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