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Risk Management Articles
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- The importance of Enterprise Risk Management for your company's growth - by Submitted on Apr 25, 2012 from francesca knapRegulating risk in business takes more than the willingness to expand only when all possible negative repercussions have been considered and avoided. It takes cautious risk assessment that involves research and careful planning. Hiring professional risk management people is one way to ...
Views: 891 - Asset Inventories - 6 Times A Business Owner Benefits - by Submitted on Apr 22, 2012 from Cindy HartmanSmall business owners are known for juggling projects, doing multiple tasks at the same time and rarely having enough time in the day to do everything they know they should do. This results in many items getting placed on a to-do list that rarely receives attention. An asset inventory is one of ...
Views: 797 - Data Management Implications of Solvency II on Asset Managers - by Submitted on Apr 18, 2012 from Graz Sweden ABAs Europe’s largest financial services institutions face a growing number of new or revamped regulations including Basel III, UCITS IV, MIFID II and Solvency II, they are caught in a dilemma. They could create separate data management infrastructure for the different regulations or they could ...
Views: 949 - Data Extraction for Solvency II Compliance - by Submitted on Apr 18, 2012 from Graz Sweden ABQuality Data Means Quality Decisions Whenever any of us walks into our family doctor’s office for treatment or a routine checkup, one thing we expect is that the historic medical data the doctor possesses on us is complete, accurate and appropriate. If you previously suffered multiple ...
Views: 824 - To Get the Technology for Solvency II Right, Insurers Must First Get Workflows Right - by Submitted on Apr 18, 2012 from Graz Sweden ABSolvency II has 3 pillars - Pillar I that address capital requirements, Pillar II that is focused on workflow, governance and audit, while Pillar 3 details the framework for reporting. Unsurprisingly, Pillar I has attracted the most attention with insurers evaluating their entire business to ...
Views: 599 - Managing the Cost of Solvency II Implementation - by Submitted on Apr 18, 2012 from Graz Sweden ABJust how expensive is Solvency II? Well, if the UK’s Financial Services Authority (FSA) is to be believed, the anticipated cost of new technology and external consultants necessary for compliance is likely to exceed US $3 billion. This is a substantial expense for many European insurance firms ...
Views: 728 - Despite Basel III, Banks must Prepare their Data Infrastructure for More Changes in Future - by Submitted on Apr 18, 2012 from Graz Sweden ABBasel III Not the last Regulation of its Kind Scheduled for implementation between 2013 and 2019, Basel III takes over from its predecessor Basel II. But while the new Basel framework is meant to strengthen the management of international banking risks and thus protect bank’s customers and ...
Views: 1129 - Protect Yourself From Phony Reverse Phone Number Searches - by Submitted on Apr 10, 2012 from Zeus SmithThe Dangers of Reverse Phone Number Lookups Harassment and bullying is an increasingly large problem across the United States, but how are you supposed to bring crank callers to justice if they are calling from an unfamiliar number? Fortunately, you can execute a Reverse Phone Number Search, in ...
Views: 742 - Why Investors Use Derivatives for Hedging Currency Risks - by Submitted on May 03, 2012 from Nelly NanevaAfter the collapse of Bretton Woods system in the early 1970, the exchange rates of major currencies became floating, thus leaving the supply and demand to adjust foreign exchange rates in accordance to their perceived values. The increase in volatility of the exchange rates, together with the ...
Views: 964 - Basel III –Long Term Strategies versus Stop Gap Data Warehouse and Data Management Solutions - by Submitted on Mar 21, 2012 from Graz Sweden ABNever in the history of banking has the need to have good quality data been as important as it is today. As the after effects of the 2007-2009 global financial crisis linger on, ever fewer funding sources and an increasing pressure on financial institutions to deliver a respectable return to ...
Views: 1055 - Basel II and III lessons for Solvency II Compliance - by Submitted on Mar 21, 2012 from Graz Sweden ABIn Solvency II, supervisors will not just be asking insurance companies operating in the European Union to submit new figures for the SCR (Solvency Capital Requirement). Instead, regulators are likely to pose probing questions that allow for the interrogation of report data. For instance, ...
Views: 875 - Solvency II and its Effect on the Enterprise Risk Engine and Data warehouse - by Submitted on Mar 21, 2012 from Graz Sweden ABA strenuous regulation Regulatory compliance costs money and may disruptively alter the business environment. Recent statements from a senior official of the United Kingdom’s financial services regulator and from the chief executive of the UK’s largest insurer gave impetus to this assertion – ...
Views: 740 - MiFID II, UCITS IV, Dodd Frank and Basel III Driving a Rethink of Massive Data Management - by Submitted on Mar 21, 2012 from Graz Sweden ABAs Basel III, MiFID II, UCITS IV and the Dodd Frank Act are finalised and/or come into force, ever higher data requirements have been thrust on financial institutions that require them to meticulously track the origin of data, its transformation over time and the persons or processes responsible ...
Views: 2250 - Fixing Business Processes with Basel III and Other Emerging Risk Management Regulations - by Submitted on Mar 21, 2012 from Graz Sweden ABThe most heavily regulated industry? Because of the critical role it plays in the economy, the banking sector has always been the most regulated in any country. One need only look at any major economic crisis over the past century to see that the banking industry has always been at the heart ...
Views: 1287 - Worth Of CCTV Cameras - by Submitted on Mar 17, 2012 from Micko StojanovicCCTV or closed-circuit television is the gadget used for watching over a place or humans for protection purposes. The locations where there is high motion of people making it hard for a human security guard to observe all the humans at a time, CCTV is the most appropriate. Such places are more ...
Views: 1254 - Why Solopreneurs Need A Plan B - by Submitted on Feb 26, 2012 from Michelle Gutierrezling any pitfalls that come your way as a solopreneur... Let’s face it: life happens. You can never plan for that unexpected car accident or taking care of someone who is seriously ill (maybe even yourself!). One of the best things you can do, as a solopreneur is to have someone you can entrust ...
Views: 971 - Implications of MIFID II on Financial Technology Infrastructure and Data Warehouses - by Submitted on Feb 22, 2012 from Graz Sweden ABWhile implementation is not likely until 2014 or 2015, the repercussions of MIFID II are already eliciting mixed reactions from market players. Some industry regulators such as the UK’s Financial Services Authority (FSA) has already expressed concerns on substantial liquidity withdrawal from the ...
Views: 1570 - Solvency II Group Supervision Implications on Data Warehouse Management - by Submitted on Feb 22, 2012 from Graz Sweden ABSolvency II has streamlined regulatory reporting for multi-national and/or multi-subsidiary financial services companies with an insurance arm doing business in the European Economic Area (European Union plus Norway, Iceland and Liechtenstein). Activities of the different businesses, ...
Views: 1026 - Anticipated Fund Manager Re-Alignment Following UCITS IV Implementation - by Submitted on Feb 22, 2012 from Graz Sweden ABWith the coming into effect of UCITS IV (Undertakings for Collective Investment in Transferable Securities) in July 2011, one thing is for sure – fund managers in the European Union have had to evolve with the fast changing regulatory environment. And if past respect for UCITS funds in other ...
Views: 1024 - Three Steps To Setting Out a Basel III-Ready Data Warehouse - by Submitted on Feb 22, 2012 from Graz Sweden ABLots and Lots of Data To better appreciate the magnitude of the challenge that lies ahead for banks with the coming into effect of Basel 3, let's place it in its proper context. First the financial services industry holds enormous amounts of data - probably more than any other sector of ...
Views: 1878 - small business insurance - basic principles - by Submitted on Feb 21, 2012 from Peter MainArranging insurance for a small business can be a highly complex undertaking, and may require a considerable amount of thought and planning. Small business insurance is not like most other forms of insurance. If you are looking to insure your home or your car, then there is something ...
Views: 588 - Enterprise Risk Management in the Banking Industry - by Submitted on Jan 29, 2012 from daxen stewartAfter the financial collapse in 2008 that was marked by the demise of some of the oldest financial firms in the banking industry, enterprise risk management has become a regulatory concern as well as a business concern. Assuring that the institutions which form the backbone of the country's ...
Views: 700 - Risk Management for Sales People - by Submitted on Sep 06, 2011 from Linda KesterMy friend Ted sells marine forklifts. He and his boss recently went to a marina to close a large transaction. Ted looked around the marina and said to the customer “I’m not going to sell you this lift.” Both Ted’s boss and his customer were stunned. He followed up with “You would really grow ...
Views: 1417 - Want A Risk Management Consultant? - by Submitted on May 24, 2011 from Kirsten GrossAssessing the safety of your property is the hallmark of the services offered by risk management consultants. Risk management is a concerted effort by a team of experts to reduce uncertainty in any business. Risk management is typically the procedure of evaluating the risks involved in a certain ...
Views: 639 - Risk Management Policy - Proactive Framework - by Submitted on May 17, 2011 from Christopher SheppardRisk exists in the operations and decisions of almost all organizations. Organizations of all shapes and sizes can benefit from undertaking systematic risk management processes, including governments, professional associations, and charities. This Hub will focus on profit-driven businesses and ...
Views: 606 - Risk Management Certification - Types of Courses - by Submitted on Apr 05, 2011 from Christopher SheppardA risk management certification is a highly sought and functional designation that can aid any individual in taking advantage of new career opportunities. One component of the risk management training process is the completion of certain courses. These courses can also be undertaken by an ...
Views: 1156 - The Importance Of Effective Risk Management In CFD Trading - by Submitted on Feb 13, 2011 from Abby SierraCFD trading is like any other form of financial trading in that it does have its own risks. It's important to understand that whenever you participate in CFD trading, there is no guarantee of success. You have to leverage your assets in order to gain the highest probability of success. With ...
Views: 841 - Stock Market Risk Management - by Submitted on Oct 27, 2010 from Dean GustEvery successful business has a Risk Management Plan. And Stock Market Trading is a business! Every prudent business-person wants to first cover his overhead expense each month, and then concentrate on achieving a steady growth in earnings. Rather than striving for the big hit, they ...
Views: 1500(2 votes) - Market Risk - Not To Be Ignored or Overlooked - by Submitted on Feb 04, 2019 from Dwayne StrocenUnderstanding Market Risk and the solutions available to mitigate or eliminate financial loss in today's global market. First of a two part article Fund managers, whether they be equity or bond traders, know all too well that returns are not simply a result of their asset selection ...
Views: 971(5 votes) - How to Manage Risks in Your Businesses - by Submitted on Apr 19, 2013 from Joshua NyamacheYour established business can be ruined by risks. You should be alert always and have a plan on how you'll overcome uncertainties. Some of the losses can be avoided while others cannot. Here is how you can mitigate losses that can frustrate the growth of your business. Nine Ways of Avoiding ...
Views: 868 - Types of Business Risks That You are Prone to - by Submitted on Feb 25, 2013 from Joshua NyamacheYou know very well that the world of business is dynamic. How do you handle risks and uncertainties? The future is uncertain and what seemed to work very well yesterday is not a guarantee that it works today. Things change anytime and the changes may bring opportunities or miseries in a ...
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