Have a read at Rick Nason’s ideas about the new risk management professional. He explains how “the career in risk pendulum may have shifted and that mathematical skill may not be the competitive advantage it once was.” He continues “mathematical…
The new risk management professional is creative
Have a read at Rick Nason’s ideas about the new risk management professional. He explains how “the career in risk pendulum may have shifted and that mathematical skill may not be the competitive advantage it once was.” He continues “mathematical…
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…
SEC passes very important rules about board’s role in the oversight of risk
These paragraphs below, published by the Securities and Exchange Commission and effective February 28, 2010, may be the teeth risk management practitioners have been waiting for. Does it stand to reason that if Boards are required to provide disclosure about…
Is there a best practice ERM framework?
Raef Lawson, Vice President of Research and Professor-in-Residence for the Institute of Management Accountants was interviewed in The Hindu Business Line and asked about the COSO ERM framework. Q: Do you foresee that eventually COSO framework will be considered as…
Baxter talks about strategic risk management
In this post by De-Risk, Keith Baxter explains the importance of strategic risk management. He writes: Most companies have risk management processes in place, but there is too much focus on operational risk and not enough on strategic risk, De-Risk’s…
Seth Godin writes about dancing with entropy
Have a read at this post from marketer, author and blogger Seth Godin. For those of us accountable for managing risk or compliance, I think he is talking to us. http://bit.ly/7An3CW Dancing with entropy It’s far easier to mix up…
De-risk writes about Black Swans
I would like to introduce readers of Riskczar.com to the De-risk blog. Have a read at this post about Nassim Talib’s The Black Swan and poke around his blog for some other great posts. In 2008, Nassim Nicholas Talib published…
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,…
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…