Multinational consultancy company Accenture has been leading efforts and finding the most appropriate solutions for business continuity for its clients. Not surprisingly, their publications are always under our radar and we try hard to keep up with Accenture’s output in several areas, including Risk Management and Business Continuity Management. Things happen…. hurricanes, power outages, systems […]
Choosing an adequate risk framework before adopting Enterprise Risk Management (ERM) is an important task. Adopting a standard framework for defining ERM as baseline is not only best practice but it also allows CROs and Risk Managers to capitalise on existing resources. There are several possible frameworks to start from; some references include COSO Enterprise […]
The European Corporate Governance Institute (ECGI) is an international scientific non-profit association. Its main goal is to provide debate forums and facilitate dialogue between academics, legislators and practitioners, with special focus on major corporate governance issues. The development of these dialogues and knowledge exchange promotes best practices which benefit the industry. This article includes a very […]
Banks have taken serious steps post-financial crisis to improve and even totally overhaul their Risk Management processes and systems . This has been an enormous challenge for banks as the industry regulation has increased exponentially post-financial crisis with capital and liquidity requirements also increasing. At the same time, CEO’s must keep their focus on increasing banking revenues to 10-15% […]
Operational Risk has historically been considered by many as the less-important-“younger brother” of Credit Risk and Market Risk. Operational Risk has been growing in importance within financial services providers, being them top tier 1 banks, brokerage firms, investment management firms, financial boutiques, among others. The fundamental aspect of operational risk is that if a given (operational) risk occurs […]
Enterprise Risk Management (ERM) is a method which provides a given firm to have an overview of all its key risks and associated information, therefore enabling the board and management team to make balanced, cross region wide risk decisions. Risks are Opportunities Earlier, so it seems, the world was less dangerous. Today, more and more enterprises with […]
This article contains some links into Bank for International Settlements (BIS) important documents for Operational Risk. Each link will open a new window in your browser and will guide you to the original BIS article which contains a PDF version.
This consultative paper presents a proposed revision of the Credit Valuation Adjustment (CVA) framework set out in the current Basel III capital standards for the treatment of counterparty credit risk. CVA is an adjustment to the fair value (or price) of derivative instruments to account for counterparty credit risk (CCR). Thus, CVA is commonly viewed […]