Risk management gains priority at senior levels

Risk management, traditionally a responsibility of the chief investment officer (CIO), is in focus at senior levels like the chief executive officer (CEO) within organisations, institutional investors said in a survey.

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Will Salesforce Chatter Neuter Microsoft Office and SharePoint?

On the Friday before Dreamforce, I read an interesting article in MIT Technology Review, entitled "Fixing E-Mail" that offered insights from the recently completed Defrag 2009 conference.

As I read it, I was struck by two comments attributed to Lili Cheng, general manager of Microsoft's future social experiences labs. The first is a direct quote while the other is comes directly from the article.

 

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Add Spreadsheets to Your Risk Inventory

Enterprise risk management (ERM) programs are hard to implement in any business, and our understanding of the scope, complexity, and interrelationships between an organization's critical risks is continuously evolving. However, our ability to advance our...

-IRMI.com

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DvD Insights - Lessons from Failures in Silo Risk Management, Countrywide Financial Corporation

A long series of institutions have failed in this crisis because they relied on legacy risk systems and legacy thinking about risk management that didn't work. These institutions spent lots of time on interest rate risk but couldn't analyze the impact of...

-Risk Center

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Credit Risk - Study Shows Business Leaders Appeared Confident in Ability to Manage Risk as Credit Crisis Loomed

Just as the current credit crisis and related economic issues began to emerge in the third quarter of last year, senior executives felt very confident about their ability to manage risk and opportunity ...

-Riskcenter.com

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"Keeping Close Tabs on Risk Pays Off Risk assessment is an ongoing process." -Industry Week

A manufacturer fully reaps the benefits of risk assessment when it regularly updates its evaluations. A plastics manufacturer, for example, identified that external oil markets created an economic risk that would cause the cost of production to rise 20% within that annual period.

By Alyssa G. Martin, Executive partner, Risk Advisory Services,
Weaver and Tidwell

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Audit Busters

Not every management is throwing up its hands and assuming they will not see savings from AS5 this year. Alfa Corp. has installed a new ERM solution with which it will go to battle with any auditor who challenges Alfa's ability to quantify and prioritize risk.

- Treasury & Risk

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Finally, a Clear Business Connection

Companies are starting to see the need to bring ERM into their business reporting.

- Treasury & Risk

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Risk Management or Risk Manipulation

The risk management groups on Wall Street are actually engaging in risk manipulation, risk distortion, and risk amplification - anything but risk management ...

-Gold Seek- USA

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ERM could have mitigated crisis: RIMS

The 2008 financial crisis should serve as a "call to action" for risk managers to demonstrate the value of enterprise risk management, the Risk & Insurance Management Society Inc. said in an executive report released Monday.

-Business Insurance

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