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Social risk moves centre stage
The world is continuing to change – and change rapidly, with social matters arguably more important than ever to strategic and operational management and the way we deal with risk and uncertainty. Social considerations are wide ranging and affect all aspects of business – for example, how social effects are taken into account when making…
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Embedding Risk Culture – Part 2
By Abhishek Paul IRMCert, IRM Ambassador for India, Associate Vice President: Natwest Markets Controls Assurance Lead, RBS Business, India An effective risk culture is one that enables and rewards individuals and groups for taking the right risks in an informed manner. So let’s take a more real life situation to understand the importance of an effective risk culture…
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Get the board on board with cyber risk
At least half of senior executives are apprehensive about falling victim to cyber incidents, with 62 per cent especially wary of a virus or worm attack, according to a recent survey of more than 500 senior executives worldwide by global risk specialist Kroll. Kroll’s Annual Global Fraud and Risk Report 2018 confirms that this isn’t just a…
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IRM announces global ambassador for Vietnam, Cambodia and Laos
Saman Bandara SIRM, Partner, Head of Insurance, Forensics and IT Risk & Analytics at EY Vietnam, completed the Institute of Risk Management Financial Services Certificate a few years ago and has worked with EY for over 11 years. He is a Fellow of the Chartered Certified Accountants in England and a Fellow of the Chartered…
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Regulation within crypto currency markets
By Alexander Larsen, CFIRM, President, Baldwin Global Risk Services According to Reuters: “Japan’s financial regulator said on Friday it had ordered all cyrptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.” Whilst the whole premise of blockchain technology and…
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We are none of us islands
In this interconnected and increasingly digitised world, many (indeed, perhaps most) risks and uncertainties that we contend with cannot be evaluated and managed in isolation. Common features of interconnected risks and uncertainties include multiple characteristics, causes and consequences. Such interconnected risks can spiral and morph in unpredictable ways and a collection of risks, when combined…
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Embedding Risk Culture – Part 1
By Abhishek Paul What’s the first thing that comes to your mind when you think about risk? Maybe something that might impact your physical, financial or emotional wellbeing. To some extent you might be right. So what do you when faced with risk? Are you ready to handle it? Do you know what the most…
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Bitcoin and crypto risks bubble up for 2018
Two thousand and eighteen will be the year that Bitcoin goes mainstream, according to IRM’s top picks for the major risks organisations face. “Having had a meteoric rise in 2017 with an increase of nearly 1000% in price, Bitcoin has been receiving significant coverage (both positive and negative) in the media which has brought it…
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Risk managers should focus more on complex risks
While organisations have become much better at understanding how to mitigate conventional risk, risk managers and their enterprises should focus more on complex risks, according to the World Economic Forum (WEF). “Humanity has become remarkably adept at understanding how to mitigate conventional risks that can be relatively easily isolated and managed with standard risk management…
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Expert Risk Predictions 2018 and the Risk Agenda 2025
Political risk, cybersecurity, bitcoin, BREXIT, GDPR and oil price and financial market fluctuations are among chief concerns for businesses voiced by some of the UK’s leading risk experts as they look ahead to 2018. Topics covered include: Banking & Finance Rail & Transport Oil & Gas Infrastructure BitCoin Reputation South Africa India Middle East Australia…
