interconnected risks

Interconnected risks becoming systemic

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 crisis management teams are ill-equipped Read more

UK Government to crack down on fraud

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 Act (ECTE) – specifically targets “foreign elites” Read more

IRM Board Member Presents to United Nations Somalia, Risk Management Unit

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 and why this is important Read more

Whitepaper: FCA Operational Resilience: Leveraging Technology to Reduce Risk in Pursuit of Operational Resilience

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 March 2021, the Financial Conduct Authority (FCA) Read more

Paul Saunders, CMIRM, appointed as the new Chair of the IRM’s Operational Risk Group

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 professional with excellent strategic, regulatory, Read more

Businesses need advanced risk oversight

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 about one in three businesses has Read more

Book Review: Taming the Risk Hurricane

Taming The Risk Hurricane: Preparing For Major Business DisruptionBy Dr David Hillson CFIRM, The Risk DoctorPublished September 2022 by Berrett-Koehler, Oakland, CA, USAAvailable in paperback/pdf/eBook/ePubISBN: 978-1-523000-500GBP £25 / USD $29.95

https://bkconnection.com/books/title/Taming-the-Risk-Hurricane

Calling all business leaders hoping Read more

Outstanding risk management means continuously unlearning, learning, and relearning

Stephen Sidebottom, Chair, IRM

The only way to stay relevant is to keep on unlearning, learning, and relearning. The pandemic continues to shape our lives, the climate emergency is upon us, war in Europe threatens energy security, and inflation Read more