Day 1: Auditors and Zombies In a factory someplace, there are 20 workers whose job it is to continuously pass a ball to each other as quickly as possible. Watching this important work from a viewing area are 10 newly…
G20 update – Day 2
Day 2 starts with rain in Toronto. There was a minor protest yesterday afternoon for people protesting that they had nothing important to protest. Or maybe they were protesting poverty. One guy was busted by a cop on a bike…
RiskCenter: Operational Risk – SEC Approves Enhanced Disclosure about Risk, Compensation and Corporate Governance
December 17: Operational Risk – SEC Approves Enhanced Disclosure about Risk, Compensation and Corporate Governance Courtesy of RiskCenter.com http://www.riskcenter.com/story.php?id=19377 Location: Washington, DC Author: RiskCenter Staff Date: Thursday, December 17, 2009 The Securities and Exchange Commission today approved rules to enhance…
Tim Leech writes about the actuaries approach to operational risk
I am posting the link to Tim Leech’s commentary about the paper titled A New Approach for Managing Operational Risk: Addressing the Issues Underlying the 2008 Global Financial Crisis. If you are not following @LeechGRC on Twitter or read theiia.org,…
My rant on quantifying operational risk
Earlier I published a post about actuaries and operational risk. Today I am in a ranting sort of mood so here are my thoughts on quantifying operational risk. I am not a huge proponent of the quant when operational risk…
Actuaries talk about operational risk
The actuaries have issued a pretty decent document titled A New Approach for Managing Operational Risk which combines the basic risk management content for newbies with the right about of quant-type stuff. The document also makes some interesting distinctions between…
Slywotzky on Strategic Risks
Once again, a must read for anyone who considers themselves a risk professional because they can memorize ISO 31000. (Sarcasm.) Slywotzky describes more dangerous strategic risks like project risk, customer risk and transition risk that should be addressed, while unfortunately…