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General operational risk information

Crisis resources

A supervisory perspective on enterprise risk management
Susan Schmidt Bies, Member of the Board of Governors of the US Federal Reserve System, used the American Bankers Association Annual Convention as a forum to present her views on enterprise risk management in the banking sector.
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•Type: Article •Region: World •Level: Advanced
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Amended FRCP rocks the data center
Dave Hunt explains why changes made in 2006 are evolving into a real business risk that must be addressed.
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•Type: Article •Region: US •Level: Basic
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Assessing operational risk in CHAPS Sterling: a simulation approach
The Bank of England has published an article detailing a series of simulation experiments designed to assess the ability of CHAPS Sterling to withstand certain types of operational disruption.
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•Type: Article •Region: UK •Level: Advanced
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Banks and avian flu: planning for a possible pandemic
Many of the assumptions underlying much of today’s business continuity planning will not hold in a pandemic. Pat McConnell explains.
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•Type: Article •Region: World •Level: Advanced
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Determining risk appetite
Mark Carey explores this important aspect of business continuity and risk management programs.
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•Type: Article •Region: World •Level: Advanced
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Dragging operational risk management into the 21st century
Nicola Crawford and Norman Hoppe explore ways of improving operational risk management within today’s complex businesses.
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•Type: Article •Region: World •Level: Advanced
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‘Emerging Governance Practices in Enterprise Risk Management’
An overview of a major new study by The Conference Board.
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•Type: Article •Region: US/World •Level: Advanced
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Emotion rules: ignoring it won’t change anything…
Individual perception of risk is coloured more by self-interest and personal characteristics than the mission of the wider business. How can this be addressed in a manner that promotes the active management of relevant risks while addressing the self-interest of the participants?
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•Type: Article •Region: World •Level: Advanced
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Enterprise risk management: a long-term solution for compliance, governance and sustained growth in shareholder value
A comprehensive introduction to the subject by Hewitt Roberts.
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•Type: Article •Region: World •Level: Basic
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Guidelines for improving and protecting corporate reputation
Deon Binneman describes various actions that should be taken to boost and bolster reputation.
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•Date: 23rd May 2006 • Region: Africa/World •Level: Basic
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Is business continuity a subset of risk management?
Andrew McCrackan explores the relative positioning of BC and risk management within organisations and explains why this is an important debate.
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Type: Article •Region: Worldwide •Level: Advanced
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Measuring the effectiveness of an internal control system
by Dr. David Brewer and William List, CA, Hon FBCS. The objective of the paper is to propose a methodology by which management can measure the effectiveness of the organisation's internal control system (ICS). In addition the paper proposes a methodology for recording risk treatment plans (RTPs), which improve the communication between risk specialists and senior management.
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Type: Link •Region: Worldwide •Level: Advanced
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Managing business risks
Text of a speech by Ms Susan S Bies, Member of the Board of Governors of the US Federal Reserve System, before the Oregon Bankers Association, Independent Community Banks of Oregon, and Idaho Bankers Association. (pdf)
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Type: Link •Region: Worldwide •Level: Advanced
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Modeling constraints and statistical issues of consistent operational risk measurement
A working paper by Andreas A. Jobst, International Monetary Fund - Monetary and Capital Markets Department.
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Type: Article •Region: Worldwide •Level: Advanced
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Operational risk and information security need to co-exist for effective risk management
Organisational walls need to be broken down, says Jeremy Ward.
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Type: Article •Region: Worldwide •Level: Basic
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Operational risk systems and controls
An FSA consultation paper published in July 2002. Includes business continuity guidance.
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Type: Link •Region: Worldwide •Level: Advanced
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‘Operational risk: the sting is still in the tail but the poison depends on the dose’
An IMF working paper.
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Type: Article •Region: Worldwide •Level: Advanced
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Operational risk: the STP mantra?
Sabyasachi Bardoloi explains how STP helps firms to mitigate operational risk.
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•Type: Article •Region: Worldwide •Level: Advanced
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Project risk management: a practical and effective approach
Vicki Wrona provides a practical and effective framework for managing the specific risks associated with projects.
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•Type: Article •Region: Worldwide •Level: Advanced
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Risk managing the future
Dr David Hillson explains that risk management is not just about preventing the undesirable, it’s also about steering businesses towards success.
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•Type: Article •Region: Worldwide •Level: Basic
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Risk management: What should be, what is and what could be
Bill Sharon examines the ‘risk management continuum’ and why it offers a better approach to enterprise risk management.
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Type: Article •Region: Worldwide •Level: Advanced
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Sarbanes-Oxley and outsourcing : time is running out for non-US companies
The issue of SOX remains a hot topic, especially for non-US companies listed in the US.
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•Type: Article •Region: Worldwide •Level: Advanced
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Security becomes key concern in global sourcing: Gartner
Gartner uses IT Security Summit to explain how to mitigate global sourcing risks.
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•Type: Article •Region: Worldwide •Level: Basic
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Seeing the big picture…
Risk management involves thinking about the things that need to go right as well as what can go wrong, says Bill Sharon.
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Type: Article •Region: US / Worldwide •Level: Advanced
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SOX: what does it mean for UK companies?
Adrian Giles, senior partner of UK-based business venture specialists Venesis, examines how the Sarbanes-Oxley legislation will affect companies in the UK.
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•Type: Article •Region: Worldwide •Level: Basic
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Take the ‘compliance self-diagnosis test’…
AXS-One offers ten challenging questions to help assess your organisation’s compliance readiness.
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•Type: Article •Region: UK/W.Europe •Level: Basic
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The difference between risk management and compliance
There seems to be a good deal of confusion about the role of the compliance function vs. the role of the risk management function. Bill Sharon offers some clarity.
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•Type: Article •Region: Worldwide •Level: Advanced
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The elusive ‘risk culture’
What would a truly effective risk culture look like? Bill Sharon, CEO and Founder, SORMS, explores the subject.
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•Type: Article •Region: US/World •Level: Advanced
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The rise and rise of horizon scanning in risk management programmes
Chris Woodcock explains how horizon scanning is used for identifying future risks, opportunities and improvement ideas.
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•Type: Article •Region: UK/Worldwide •Level: Basic
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UK Accounting Standards Board issues Operating and Financial Review standard
Amongst other areas, the OFR provides a framework for risk reporting by quoted companies in Great Britain.
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•Type: Article •Region: Worldwide •Level: Advanced
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Waiting for the auditor
Continuous compliance is the only way to mitigate the huge business risk and escalating costs associated with multiple compliance audits, argues Paul Gostick.
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•Type: Article •Region: Worldwide •Level: Basic
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Who moved my CEO? The board of directors guide to managing operational risk
The discipline of operational risk management is becoming more widely accepted says Peter Higgins.
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•Type: Link •Region: Worldwide •Level: Basic
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