Risk Management

See how to manage risk to drive efficiency and compliance

Risk Management
Klas Björnevik 0
What About Risk Control?

20 years ago, risk was controlled by small departments in the banks. As authorities felt they were held hostage by the systemic importance of banks, they introduced requirements to banks to become more solvent. In order to get the behavior of banks under control, many types of reports were also

Risk Management
Larry Roadcap 0
Five Keys to Successful Stress Testing

Stress testing is not new to the risk world but has been a major focus since the GFC (Global Financial Crisis). For a number of years now, stress testing has helped analytical specialists quantify various aspects of potential loss. What is new is the introduction of regulatory stress tests which

Risk Management
Leo Sadovy 0
Twenty-four extra-large bunny suits

I worked at the General Dynamics (now Lockheed-Martin) F-16 jet fighter plant in Fort Worth, Texas, during the mid-1980’s, where they subsequently manufactured the F-22 and now the F-35. My tenure there spanned the era of the $400 hammer and $700 toilet seat scandals in the military procurement world. While

Analytics | Risk Management
Leo Sadovy 0
The skeptical CFO

During a recent presentation on performance management I had an audience member ask me if perhaps I had minored in cynicism along with my degree in finance.  I replied that, with the science, psychology and philosophy I’d taken, I probably had minored in skepticism, but that the cynicism came later,

Risk Management
Maged Tawfik 0
Risk & fragility: Subjective, risk is

I asked a Nuclear Engineering Professor friend of mine, after the Fukushima power plant disaster of March 2011, whether that incident would have a positive or a negative impact on his industry. His response was that it would have a short-term positive impact as a result of publicity generating a

Analytics | Risk Management
Leo Sadovy 0
Conversational analytics

When you begin your career your most important skills are your hard, technical skills; the finance and accounting, the statistics and economics, the physics and chemistry, the engineering and calculus.  But as I tell my business school mentees, as your career progresses, the emphasis changes such that much sooner than

Analytics | Risk Management
0
Risk: confident or complacent?

A panel of risk experts gave their reaction to the publication of the fifth global risk management survey report undertaken by SAS and the Economist Intelligence Unit. The report suggests that while lessons have been learned, some institutions may be sliding into complacency. At any rate, risk appetites are growing

Analytics | Risk Management
Leo Sadovy 0
A Plethora of Black Swans

I was under the impression that Black Swans were supposed to be rare. Rare enough to be effectively non-computable by standard methods. Nassim Taleb’s formulation of the Black Swan Theory is comprised of the three traits of: outlier (rarity), extreme impact, and retrospective predictability (i.e. 20/20 hindsight). I write this

Risk Management
Waynette Tubbs 0
Should we do more in risk management?

There are numerous strategic risk issues that might keep a chief risk officer or chief executive officer awake at night. Particularly since the financial meltdown, many are asking themselves (and anyone who will listen), “Do we need to do more in risk management?” Evaluating your program is an intense process,

Risk Management
David Rogers 0
Business Analytics 101: Risk Management

What is Risk Management? Risk Management can be found in many forms. This was emphasized to me while I was Googling “risk management in financial firms.” What I found were hits covering risk management across a wide spectrum of activities, from risk assessment for projects large and small to mathematical

Risk Management
Leo Sadovy 0
How Certain is that Number in the Window

My introduction to the issue of risk in business decision making came rather abruptly and rudely during what I thought was going to be another routine quarterly business review with the executive committee. My particular agenda item was to present the business case for a “lite” version of one of

Risk Management
Leo Sadovy 0
How much, How soon, How certain

The best business book I’ve ever read (or at least the best by someone not named “Drucker”) has been “Competing on Value” by Mack Hanan and Peter Karp. Not trendy or full of consultant-speak buzzwords, first published in 1991, it’s simple, direct approach has stood the test of time, even

Risk Management
Jonathan Hornby 0
Smarter Government

Earlier this week UK chancellor George Osborne announced his first budget as “tough but fair”. His action on debt echoed austerity measures being taken across other parts of the world. As I write this blog, President Obama and the G20 are assembling in Toronto. Opinions are mixed with Europe pushing

Risk Management
Jonathan Hornby 0
New approaches in Risk Management

Over 80 banks in America have been closed down this year and others have announced higher trading losses amidst increased regulatory scrutiny. Finland was the first country to announce a double dip recession. Northern Rock cut 650 jobs as part of their restructuring efforts. We’re obviously not out of the

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