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 [...]
Posts Tagged ‘ERM’
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 »
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 [...]
RIMS – ERM at the Vancouver Olympics
Posted in ERM Basics, My Opinions, Sports, tagged ERM, Janice Hackett, John Bugalla, Kristina Narvaez, Olympics, RIMS, risk management on April 5, 2011 | Leave a Comment »
I was just reading one of my blog posts about ERM at Hydro One where I wrote that there were very few great case studies about ERM. Until today. I think this case study about ERM during the organizing of the Vancouver Winter Olympics in the RIMS Risk Management magazine is a close second to [...]
St Patrick’s Day green bikini photos
Posted in Humour, tagged ERM, Karissa Shannon, risk, Riskczar, St Patrick on March 17, 2011 | Leave a Comment »
Unable to come up with any St Patrick’s Day risk management-related post, I was going to post a photo of me drinking a Guinness or Karissa Shannon in a green bikini. Guess which one I chose? http://coedmagazine.com/2011/03/17/karissa-shannon-st-patricks-day-beach-bikini-pictures/ (Photo removed, sorry.)
Riskviews on risk appetite and attitude
Posted in Risk management, Thought Leadership, tagged appetite, attitude, Cheesecake Factory, Dave Ingram, Enterprise risk management, ERM, risk appetite, risk tolerance, riskviews, tolerance on March 4, 2011 | Leave a Comment »
While it may appear to be a flagrant act of cross-blog-promotion, here’s Riskview’s brilliant response my post from this week called My appetite for risk and cheesecake. In my piece, I wrote about how my brother wanted to travel to Morocco while protests were going on in the Middle East and how my significant other wanted to drive to [...]
My appetite for risk and cheesecake
Posted in ERM Basics, My Opinions, tagged Arab World, Buffalo, Cheesecake Factory, ERM, Libya, Morocco, risk management, snow, Target on March 2, 2011 | 3 Comments »
On a trip to Portugal and Spain last month, my brother elected to take a minor detour and visited Morocco in the midst of “a revolution sweeping the Arab world” as he wrote on his blog. He was monitoring the protests in the other states and determined that despite minor rumblings in Morocco, the coast [...]
You cannot mitigate your risks in hindsight
Posted in ERM Basics, My Opinions, tagged accept, ERM, hindsight, Jon Montgomory, mitigate, Nodar Kumaritashvili, Olympics, risk treatment, Toronto, Vancouver, VANOC on February 11, 2011 | 2 Comments »
On the one year anniversary of the death of Georgian luger Nodar Kumaritashvili at the greatest Winter Olympic Games of all time, emails have been released disclosing concerns about the luge track that claimed the life of the 21-year old Georgian on the eve of the Games. A year ago, I asked whether the risk [...]
Rick Nason asks you to snap your fingers
Posted in League of Extraordinary Risk Gentlemen, Thought Leadership, tagged CA, CEO, CFO, COSO ERM, CPA, ERM, RCSA, Rick Nason, risk management, Toronto on February 4, 2011 | 2 Comments »
Risk Nason, one of the members of Riskczar’s Secret League of Extraordinary Risk Gentlemen, asks his readers if they could snap their fingers and switch places with anyone in the world, who would it be. Similarly, he asks if you could switch places with anyone’s risk department, whose would it be? Can you name the [...]
Facebook unfriend risk management
Posted in Humour, Risk management, tagged ERM, etiquette, Facebook, noggin, reputation risk, Terry Levine, Toronto, Twitter on November 24, 2010 | Leave a Comment »
Have you ever wanted to delete a Facebook “friend” but worried about the risk of them finding out? On the heels of last week’s ”Facebook Unfriend Day” – an idea from comedian Jimmy Kimmel – comes a blog post called THE PERILS OF FACEBOOK ETIQUETTE by Terry Levine of Noggin Advertising in Toronto. (Ironically, Terry had [...]
Centre of the risk management universe
Posted in Risk management, tagged ERM, risk management, Riskczar, Toronto on September 23, 2010 | Leave a Comment »
Toronto has long believed it was the Centre of the Universe. Well, in risk management circles, perhaps now it is. Last week the Department of Finance Canada announced the creation of the Global Risk Institute in Financial Services or GRi. It will be an “independent, not-for-profit entity with a board of directors and an advisory research [...]
