To better understand the key challenges and concerns facing audit committees, boards, and their companies, KPMG’s Audit Committee Institute surveyed more than 800 audit committee members in 42 countries. The survey findings offer insights that audit committees around the world can use to sharpen their focus, benchmark responsibilities and practices, and strengthen oversight. While audit […]
Risk Management
Six Potential Risks for Investors in 2017
Investment Banks analysts anticipate that financial markets will be affected in 2017 by three main events: Donald Trump’s performance as US President, which for most, is a big uncertainty; the first round of the 2017 French presidential election, held on 23 April 2017; and the next German federal elections, which will elect the members of the Bundestag, […]
EBOOK: Reminiscences of a Stock Operator
Taking a chance in financial markets implies potential big risks and this is not for everyone. The risk/reward might be high and even if you have every possible rational for a trade well thought, discussed, supported with solid fundamentals and technical analysis, even so, things might go wrong and you might suffer big losses. This bitter reality is many […]
10 Top Risks for 2017
The following report from Protiviti, an international Risk & Business Consulting and Internal Audit company, and North Carolina State University’s ERM Initiative, contains results from the fifth annual risk survey of directors and executives. This report includes their views and the likely collection of risks that will affect their organisations over 2017. Key findings The […]
Top 5 Risk Management Trading Rules
Portfolio managers (PM) and traders make investment decisions everyday which translate into risk positions in their books. These decisions are mostly supported by strong fundamental views and solid convictions, based on the PM’s or trader’s view on how the market will move and how will these moves affect their positions. There are several techniques that a PM or trader […]
Understanding Carbon Emission Risk when Allocating Assets
In 2013 I was invited to write about the closure of Chinese Harbin Airport due to poor air quality (in other words “smog”). This article became the second most read entry at globalairportcities.com blog for FY2013 and generated a lot of interesting discussion and positive feedback. Three years have passed, and besides the United Nation […]
INFOGRAPHIC: Trump Presidency and US Foreign Policy Risks
Many voices have been expressing their concerns on the US president-elect Donald Trump. Millions of tweets, blog posts, written press articles, hours of TV debates in different channels… One thing is for sure: there is great uncertainty in the next four years. The key aspect now is to watch how Donald Trump unfolds his policies […]
Residual Risk Scoring Matrix Example
While each firm has its own risks scoring guide, most firms will follow common guidelines, such as suggested by IOSCO on the Risk Identification and Assessment Methodologies for Securities Regulators. This article includes examples of risk scoring matrices used for Impact (inherent or gross risk – described in our section Risk Register), Likelihood (or probability), and the […]