For those of us who wake up every morning, put on our suits and ties and head off to our risk management jobs only to spend the day thinking about fat tails, ISO3 1000 or business continuity, compared to the risk management that nurses perform everyday, we are nothing but a bunch of well paid prima donnas. [...]
Archive for May, 2011
Nurse risk management
Posted in Books, My Opinions, tagged chemo, credit risk, hospital, ISO 31000, market risk, nurses, risk management on May 24, 2011 | 1 Comment »
The Unthinkable by Amanda Ripley
Posted in Books, ERM Basics, Office and culture, Risk management, tagged 9/11, Amanda Ripley, BCP, DRP, evacuation, fire drill, risk management, training on May 17, 2011 | 1 Comment »
I’ve just updated the Risk Quotes page with a few lines from Amanda Ripley’s book The Unthinkable. It’s an excellent read for anyone responsible for business continuity planning, risk management or even if your are just the fire warden on your floor or worry about what to do when you are caught in a huge [...]
Bloomberg: Canada has strongest banks in the world
Posted in Risk management, tagged banks, Bloomberg, BMO, Canada, CIBC, NBF, RBC, TD on May 16, 2011 | Leave a Comment »
Bloomberg recently ranked the World’s Strongest Banks in the June 2011 edition of Bloomberg Markets magazine. (See the link to learn how they crunched their numbers.) I am proud to report that 5 of the 20 banks are Canadian. The seventh is Fifth-Third – the bank with the silliest name. Here’s the list: 1 Oversea-Chinese [...]
Which risk tolerance vs that risk appetite
Posted in Humour, League of Extraordinary Risk Gentlemen, Thought Leadership, tagged COSO, ERM, Institute of Risk Management, john fraser, risk appetite, risk management, risk tolerance, Strunk and White, theirm on May 13, 2011 | 3 Comments »
Like many of you, I received a request from The Institute of Risk Management to comment on a consultation paper they prepared called “Risk Appetite and Risk Tolerance”. Great title. It’s not my intention to opine on the paper here. I merely wish to confess that I often misuse these two terms much in the [...]
Starbucks risk management
Posted in Office and culture, Risk management, tagged laptop, risk management, Starbucks, Tim Hortons on May 12, 2011 | Leave a Comment »
In the interest of full disclosure, I love Starbucks. I admit that I was a Tim Hortons slave for the last decade but nothing gets me going every morning like my grande bold. (Incidentally, I’d like to thank the barista at the First Canadian Place concourse location for complimenting me on my tie this morning.) [...]
Football, hockey and enterprise risk management
Posted in League of Extraordinary Risk Gentlemen, My Opinions, Risk management, Sports, tagged ERM, hockey, NHL, riskviews, Winnipeg Jets on May 3, 2011 | 1 Comment »
Riskviews writes a great post called Football is about more than just Shoes. He writes that the “equipment never wins the game” but a “team without proper equipment has only a slim chance of prevailing.” Riskviews also reiterates a point I’ve made about ERM (“ERM is about more than just models”): We often place too [...]
