News
<strong>Supply chain waste costs businesses $163 billion annually</strong>
Supply chain waste costs businesses $163 billion annually, according to recent research. Most commonly, goods either exceed their sell-by date while in… More
15 November 2022
Businesses are failing the digital trust test as their ability to protect customers lags expectations, according to a survey by McKinsey. It found that while 70 per cent of consumers trust the… More
Financial firms are struggling to quantify climate-related risk, according to the sector watchdog the Prudential Regulatory Authority (PRA). After analysing audit reports for 2021-2022, it wrote to firms in October highlighting key areas of… More
Cyberattack preparations may not be robust enough to withstand real attacks at many organisations, according to a recent report. The analyst IDC said that 85 per cent of organisations have playbooks for cyber… More
Large-scale interconnected risk events are becoming systemic, according to a survey of chief audit executives. Organisations must regard crisis as the new normality and update their risk frameworks accordingly. In fact, that traditional… More
The UK Government is to crack down on fraud by reforming Companies House and strengthening anti-money laundering powers. Proposals contained in a new Bill – the Economic Crime (Transparency and Enforcement) 2022… More
IRM Board member and East Africa Regional Group Chair Dorothy Maseke, CMIRM, recently gave a presentation to Non-Governmental Organisation (NGO) colleagues working across Somalia. The session addressed risk-sharing approaches in humanitarian action globally and discussed how… More
Whitepaper: FCA Operational Resilience: Leveraging Technology to Reduce Risk in Pursuit of Operational Resilience
30 September 2022
Covid-19 serves as a reminder of the unpredictable events that institutions are required to navigate, exposing a lack of operational resiliency and business continuity planning across the sector. As a result, in… More
Paul Saunders, CMIRM, appointed as the new Chair of the IRM’s Operational Risk Group
29 September 2022
Paul Saunders, CMIRM, founding owner/Managing Director of GDFM Consulting has been appointed as the new Chair of the IRM’s Operational Risk Group, taking over from Tony Chidwick. Paul is an experienced, senior risk… More
Businesses need advanced risk oversight as executives worry that the volume and complexity of risk is growing harder to manage, according to a survey by accountancy bodies AICPA and CIMAR. Yet only… More