I posted an ERM-related press release from the S&P recently which was very well received by Riskczar readers as measured by the number of hits received. Here is a very similar one that notes that counterparty credit rating on Platinum…
You are not a risk manager; you are a fortune teller
The following was written by Beaumont Vance and taken from Risk Management Reports (July 2007): The next time someone at a cocktail party asks what you do for a living, say you increase profit through fortune telling. If nothing else,…
More ERM at colleges and universities
On September 8, 2009, I published some thought leadership from PwC about ERM in colleges and universities. Today I came across a 2009 survey conducted by the Association of Governing Boards of Universities and Colleges and United Educators about the…
My favourite fraud ever
My favourite financial fraud of all time has to the work of John M. Rusnak at Allfirst Bank, a sub of Allied Irish Bank, perpetrated in 2001. Following the events which cost this Irish bank tens of millions of losses,…