The British Standards Institution (BSI) has celebrated the launch of its new business continuity standard by issuing five “top tips” for organisations to ensure they are prepared for any social, political and economic threats.
Its news business continuity management (BCM) standard, ISO 22301, outlines an approach to implement precautionary measures against issues such as strikes, mass supply chain disruption, political unrest and customer loss during times of "economic unrest".
JP Morgan was warned that its risk management committee was not up to the task by a labour-backed shareholder group.
Yvette Hollingsworth has been appointed as Wells Fargo’s new chief compliance officer.
Intelligent risk-based approaches to UK border security will deliver shorter queues and better protection, the former head of the UK Border Force has said.
Conflict in the Middle East poses a greater danger to the economy than the Greek debt crisis, according to Henkel AG chief executive officer Kasper Rorsted.
Sony has reported a record annual loss of £3.5bn (456.7bn yen) after a year when they were hit by natural disasters and the impact of a strong yen.
Less than half of firms have a well-defined, formal process for assessing many aspects of third-party risk, according to a report by CFO research services.
Douglas Greenig has been appointed as chief risk officer for Man Group’s quantitative-managed futures fund AHL.
The Bank of England should have been quicker to assess the potential consequences of risks in the banking system, the governor of the Bank of England (BoE) has admitted.
Huge failings of corporate governance at News International led to the downfall of The News of the World (NotW), a report by the UK House of Commons culture, media and sport committee has claimed.
UK businesses in flood risk areas need to take action to protect themselves as more than 40 flood alerts have been put in place across the region, the vice-president of market and business development for FM Global has said.
Organisations need to view failures “as plastic bottles that need to be recycled and re-used”, a futurologist and trendspotter told delegates at the Institute of Risk Management’s (IRM) Professional Development Forum.
Disgraced British tabloid newspaper The News of The World (NotW) had an “incredible culture for actively encouraged controlled risk”, the tabloid’s former marketing director told a risk conference.
FEATURES
Forthcoming Solvency II regulations have been forecast to dampen the popularity of the captive insurance market. But it is not all doom and gloom for the captive market, Lynn Strongin Dodds reports, with jurisdictions outside of the European Union hoping to increase their share of the business
Would you speak out if you suspected your company of malpractice or criminality? While US regulations have been amended to incentivise whistleblowers, Tom Bovingdon asks if other countries are doing enough to ensure that wrongdoing is highlighted
Is now the time to recognise risk in the management mainstream? Yes, say Andrew Woolfson and Clint Evans, but only if there are some seismic changes in risk attitudes
Just as organisations thought they were getting to grips with cyber crime, new data privacy proposals threaten to present firms with a new set of compliance risks. Lockton asks if firms are prepared for the cyber challenge ahead and looks at the available insurance solutions
Little angers customers more than learning their personal data has been unwillingly shared. Risk Management Professional looks at the steps businesses can take to minimise the threat
Ahead of his seminar at IRM’s forthcoming Professional Development Forum, Norman Marks FIRM gives his take on evangelism, charisma and “managing risk at the speed of business”.
Natural disasters in Australia and New Zealand last year have resulted in calls for tougher building codes while insurance and other companies are re-evaluating their risk assessment models and exposures to catastrophe losses, Lynn Strongin Dodds reports
After the success of its “makes a great risk manager?” survey, which has so far
attracted over 750 responses, Active Risk is launching new research to discover “What makes a great risk career?” You are invited to take part by completing online, confidential survey. Visit www.activerisk.com/career-survey.
Our panel of professionals debates the issues raised by regulation and compliance, ranging from the Data Protection Act to the Bribery Act
The rapid spread of political uprisings throughout the Middle East and North Africa (MENA) over the past 12 months has prompted a reassessment of the risks involved in operating in autocratic states – reports Helen Yates
Our panel of experts debates political risk ranging from the repercussions of the Arab Spring to corporate policy on fraud and corruption
Earlier this year a panellist at IRM's Professional Development Forum suggested that risk management is suffering from an identity crisis. So is risk management - and are risk managers - really unsure of what it is and where it fits in the organisation? If so, what are the reasons for this uncertainty?
How will Solvency II affect you?
Ahead of the introduction of the new regime in January 2013, Clive Thompson outlines five potential scenarios.
Whitepapers
White Paper: How Green Can You Get?
The pressure for sustainable buildings continues to grow. This White Paper shows how better forward planning can help you to go green without compromise.
Safeguard corporate reputation and shareholder value
Find out how an effective enterprise-wide approach to risk management is vital to protect reputation and value.
Insurance: Making Risk Manageable
Without insurance, the wheels of the global financial system would soon grind to a halt. Insurance makes risk manageable. Its fundamental principle is that the
contributions of the many compensate the losses of the few. For several centuries, this model has worked remarkably well for countless businesses and individuals.
The one major challenge it faces is catastrophe risk.
contributions of the many compensate the losses of the few. For several centuries, this model has worked remarkably well for countless businesses and individuals.
The one major challenge it faces is catastrophe risk.
Using an Enterprise risk map to find risk hotspots
Susheel Chumber explains how using a risk map will reduce the burden
of implementing Enterprise Risk Management, by turning a deluge of
risk data into something that strategic decisions can be made from.
of implementing Enterprise Risk Management, by turning a deluge of
risk data into something that strategic decisions can be made from.
Embedding Risk Management Technology
There is a vast amount of information available that describes the foundations and principles behind effective risk management and every organisation will probably approach it in a slightly different way
The Root of the Problem
IRM asked its members for their views on the causes of the current financial crisis and the lessons for the future
Removing the mist surrounding the Cloud
Businesses should consider several key factors before seeking to introduce cloud computing as part of their IT strategy, suggests Neil Cross.
Security Risk Analysis:Methodology; Factors; Security Systems used In Nigeria
Hugh Jones provides two case studies and offers a detailed review of managing risk in the hostile environment of the Niger Delta
