The regulatory landscape for risk management in financial services is constantly evolving, presenting a formidable challenge for firms and Banks striving to comply and manage their risk profiles effectively. Drawing from the collective wisdom of seasoned risk managers, our goal with this article is to delve into the key challenges and practical strategies that can […]
Regulation
Conference: Risk Awareness Week (RAW) 2021
The Risk Awareness Week 2021 is upcoming! It will be 5 days of the most interesting workshops and will occur between 11th and 15th of October. This event is considered to be the biggest virtual conference about Risk Management topics, delivering more than 50 interactive workshops with more than 30 speakers, including the best Risk […]
The Risk Librarian: 5 Free Online Sources for Risk Professionals
Knowledge is power in the risk management industry, an industry that must constantly keep up with a rapidly changing global environment encircling it. In business as in risk management the saying ‘innovate or die’ holds truth. Risk practitioners must always be ahead of the risks that impact their organizations daily, risks which can adversely impact […]
Risk Matrices: Pros, Cons and Alternatives
Risk matrices (or risk heat maps) have been in existent for some time and have become a contested topic in the risk management community in recent years. Once heralded as a sophisticated way to visually map risk pertinent to an organization’s revenue-producing activities or the overall industry in which they exist, these tools do have […]
Internal Audits Role in Fighting Cyber Attacks
Cyber-attacks are growing exponentially as our world becomes more digitally integrated on a global scale. From ransomware holding data hostage to phishing attacks spoofing innocent users, cybercriminals are looking to exploit the exponential amount of data existing in today’s world for easy payouts. A troubling stat from Cybersecurity Ventures estimates cybercrimes will costs businesses $6 […]
Value and Resilience Through Better Risk Management
McKinsey has published an insightful article that explores the value and resilience organisations can achieve, by implementing better and solid Risk Management. The first key point that comes to mind as explained by the authors (Daniela Gius, Jean-Christophe Mieszala, Ernestos Panayiotou, and Thomas Poppensieker), is that “although the risk environment is growing more perilous and costly, leading companies […]
Greece, a Fragile Paradise
How can Greece climb out of the current debt crisis gripping its country? Greece is a beautiful country. If you have ever had a chance to visit her historical temples, walk her picturesque beaches, or sail to any one of her hundreds of islands, you know firsthand the power of her beauty. However, below this […]
ERM Adoption Struggling to Keep Pace in Today’s Complex World
It has been a decade since the Great Recession hit our country, threatening to end the American way of life through an economic meltdown. In hindsight, the 2008 sub-prime loan crisis can go down as one of the greatest cumulative risk management failures in U.S. history. When rewards increase, the risks always follow suit, a […]
