This article looks at 6 risk management methods in which the high inherent risks of cryptocurrency can be reduced and thus install more confidence and trust in the currency transactions. The methods are wide ranging and, if applied in total, could confirm the acceptance and spread of cryptocurrency, a currency for the 21st century. #risksmartRead More
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.Read More
What are the main influences impacting an Operational Risk Program?
What are the benefits? Read onRead More
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.
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 blogRead More
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 ThackerayRead More
Understand the risks associated with cryptocurrency, both from a currency and a business perspective.Read More
Selecting the proper metrics, emphasizing data integrity and prioritizing training are among the directives financial institutions must follow to be successful.Read More
This paper gives a summary of all the key elements that make up Enterprise Risk Management. Enterprise risk management ("ERM") is the process of planning, organizing, leading, and controlling the activities of an organization to minimize the effects of risk on an organization's capital and earnings, reputation and shareholder value.Read More