3 Core ingredients of a Strong Risk Management Culture.
7 Main influences impacting an Operational Risk Management Program.
Basel’s Principles for the Sound Management of Operational Risk defines risk culture as “the combined set of individual and corporate values, attitudes, competencies and behavior that determine a firm’s commitment to and style of operational risk management.” It is no coincidence that — of the 11 principles Basel cites — risk culture is at the core of the very first principle:. Strong risk culture is ONLY achievable in concert with strong firm-wide culture.
Be smart make sure you have Risk Documentation that is current, objective and actionable.
6 Core Organisation's activities to be incorporated into Enterprise Risk Management.
What are the main influences impacting an Operational Risk Program?
What are the benefits? Read on
What does IFRS9 teach us about CECL?
When Enterprise Risk Management is sound business management if it becomes an integral part of the organization’s DNA. Integration of Enterprise Risk Management can occur in the following management activities a) Strategic planning; b) Budgeting; c) Quality control d) Scenario planning; e) Corporate governance; and f) Risk disclosures.
4 Components of an Effective Culture Risk Framework.
The introduction of IFRS9 is a sea change for credit impairment. The lessons learnt by implementation and education should offer a footprint for organizations that should address CECL in the US. Read my latest blog
Breaking Down the Inherent Risks of Cryptocurrencies
Culture & Governance » Conduct & Ethics
Stay ahead of the game: do not wait to be told to implement a risk-savvy culture by a regulator or governing body. Combined with a healthy culture, good risk documentation can save time, money and energy. But how can this be implemented?
Tuesday, October 03, 2017 By John Thackeray
Understand the risks associated with cryptocurrency, both from a currency and a business perspective.