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Risk Management

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Risk Management

Waynette TubbsOctober 19, 2011 0

CFPB interview: Product development in the era of regulatory unrest

One of the most widely attended sessions at the BAI Retail Delivery conference was a Q&A hosted by John Colas, Partner at Oliver Wyman. Colas was interviewing David Silberman, the Assistant Director, Deposit and Payment Markets Consumer Financial at the Consumer Financial Protection Bureau (CFPB). As you can imagine, there

Analytics | Risk Management

Peter DorringtonJune 17, 2011 0

An educated use of risk models in the financial services sector

I had the pleasure to be the host of the Risk and Finance Insight Session on the second day of The Premier Business Leadership Series, where we discussed the subject of enterprise risk management and financial stewardship. With global, political and financial upheaval becoming the norm (and during the conference

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Analytics | Risk Management

Ed WalkerJune 15, 2011 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

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Analytics | Risk Management

Leo SadovyMay 27, 2011 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

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Risk Management

Rachel Alt-SimmonsApril 19, 2011 0

Putting the enterprise in enterprise risk management

The goal of enterprise risk management (ERM) is to eliminate the siloed approach to identifying, monitoring and managing risk practices throughout an organization. By applying a consistent approach to ERM policies and procedures through a clearly delineated organizational risk hierarchy, organizations can mitigate risk and identify new business opportunities. Insurers

Risk Management

Waynette TubbsSeptember 3, 2010 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 RogersJuly 23, 2010 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 SadovyJuly 23, 2010 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 SadovyJuly 9, 2010 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 HornbyJune 25, 2010 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 HornbyJune 18, 2010 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

Analytics | Risk Management

David RogersMay 10, 2010 0

Confidence is returning, but weaknesses remain

SAS and the Economist Intelligence Unit (EIU) have announced the release of the 2010 EIU report, "Rebuilding trust: Next steps for risk management in financial services," sponsored by SAS. The 2010 report includes the results of an online survey - that attracted 346 global respondents, all executives with risk management

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Risk Management

David RogersJune 30, 2009 0

Reality check: thoughts based on the recent risk management survey

Recent research conducted by the Economist Intelligence Unit on behalf of SAS illustrates both the scope of the proposed reforms and the scale of the challenge ahead in risk management. In March 2009, the Economist Intelligence Unit conducted a global survey of 334 senior financial services professionals, of whom 50

Risk Management

Ellen Joyner-Roberson, CFEFebruary 5, 2009 0

Davos response: Meltdown in the lending freeze?

At the World Economic Forum in Davos, Switzerland, many financial experts spoke about what is needed to unleash the lenders, keep the books simple, and bring on more rules to improve the financial markets and avoid another global financial crisis. Is nationalizing global banks the answer, as some experts have

Analytics | Risk Management

Peter DorringtonDecember 20, 2007 0

Donald Rumsfeld was right

I was reading an article in Project Manager Today magazine (more interesting than it might sound) about 'Unknown Unknowns and Risk' and it made reference to Donald Rumsfeld's infamous comment about "we know there are some things we do not know". Actually, he was making sense in a garbled sort

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Risk Management

David RogersSeptember 17, 2007 0

Basel II, Solvency II, charity bike rides and lessons learnt about being prepared

How much time should be devoted to preparing for an important challenge? Depends on the challenge, I hear you say. From my experience, it is important to be aware of the challenges to be confronted when completing a significant project. Not under-estimating the real effort required, often depends on fitness

Data Management | Risk Management

David RogersJune 22, 2007 0

Reliable information … too much to ask?

I recently visited New York to attend the PRMIA Frontiers of Technology Forum to hear and discuss the main issues that are impacting the world of risk management. While I was travelling, the airline misplaced my luggage. Reliable information, whether it’s related to finance, risk, marketing, sales – or to

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