When I set out to write this article I thought to myself, top trends are boring because they are always too obvious and have been going on for years. So I went on a quest to find the trends that will completely reshape the profession and yet will catch most of the risk managers completely… Continue reading 3 disruptive risk management trends that will shape 2023 and will totally surprise you
Category: Risk management
8 best risk management blogs
So much has been written about risk management and yet most of it is RM1. Before the year end I went on the quest to find worthwhile RM2 blogs moving the risk profession within the non-financial sector forward. #1 Nassim Taleb Nassim Taleb is an author of the INCERTO a philosophical and practical essay on uncertainty (Skin… Continue reading 8 best risk management blogs
Gestión de Riesgos: RM1 versus RM2
La gestión de riesgos está en el borde de algo muy interesante y emocionante en este momento. Por un largo tiempo, se creyó que haciendo una buena gestión de riesgos todos los actores clave de una compañía estarían satisfechos, pero la realidad es que los distintos tipos de actores quieren cosas completamente diferentes: La RM1… Continue reading Gestión de Riesgos: RM1 versus RM2
Desafío de las Cinco Semanas: Integrando la Gestión de Riesgos a la Toma de Decisiones
Cuando se quiere abordar la implementación de sistemas o marcos de trabajo para la gestión de riesgos en una organización entera, usted se puede llegar a encontrar con un desafío insuperable. Para ayudar a que una organización pueda alcanzar sus objetivos de forma más segura, es conveniente comenzar a mejorar tan sólo una instancia de… Continue reading Desafío de las Cinco Semanas: Integrando la Gestión de Riesgos a la Toma de Decisiones
What is a risk? It’s not what you think it is
If there is one thing I learned as a CRO, it is crucial to understand the nature of each and every risk we have to work with. I will no doubt write a separate article about the mistake of aggregating various risks into a risk register or attempting to use the same methodology to quantify… Continue reading What is a risk? It’s not what you think it is
Why Board Audit Committee is the worst place for risk management and having a separate Board Risk Committee is even worse
Over the last 10 years it became almost dogmatic that risk management effectiveness has to be disclosed at the Board level. It seems to be equally accepted that full Board is responsible for risk management oversight, who, however can and often do, delegate this oversight responsibility to the Audit Committee. This is in fact so… Continue reading Why Board Audit Committee is the worst place for risk management and having a separate Board Risk Committee is even worse
ISO and COSO haven’t got a clue. You can and should quantify compliance risks
Every organisation is required to comply with laws within the countries it operates in, the legal and regulatory requirements vary between different regions adding to the need to have understanding and confidence in the risk management processes in place. Organisations face considerable uncertainty when making decisions and taking actions that may have significant compliance consequences. The management… Continue reading ISO and COSO haven’t got a clue. You can and should quantify compliance risks
Your kids are not taught risk management at school, you have to do it
I wanted to start with some typical math problems in school: Two cars started from the same point, at 5 am, travelling in opposite directions at 40 and 50 mph respectively. At what time will they be 450 miles apart? At 9 am a car (A) began a journey from a point, travelling at 40 mph. At… Continue reading Your kids are not taught risk management at school, you have to do it
Why risk community rejects science, logic and common sense
First, I wanted to share an extract from the book I am reading at the moment Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life The chapter is called “I Know It Works in Practice, but Does It Work in Theory? On John Harrison, Semmelweis and the Electronic Cigarette”… Continue reading Why risk community rejects science, logic and common sense
3 steps to apply Monte-Carlo simulations to any investment project decision
Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This is still work in progress, so any comments and suggestions please send them to me or write below the article. Also don’t forget, RAW2020 is… Continue reading 3 steps to apply Monte-Carlo simulations to any investment project decision
