January 1, 2008 When Strategy and ERM Meet This article describes the intersection of strategic business plans and enterprise risk management (ERM). Recent events concerning collateralized debt obligations (CDOs) and subprime mortgages revealed that some institutions were tempted...
December 31, 2007 Assess the Risks – Key Strategies for Overseeing Derivatives In recent years the use of derivatives by mutual funds has soared. Yet, there has been little guidance offered to boards on the oversight roles when it comes to derivatives. ...
June 1, 2007 Risk Language Internal Auditor recently published an article titled, The Language of Risk, which stresses the need for a clear risk language throughout all organizations. By using a common language, different levels...
May 1, 2007 NIST Risk Mitigation Toolkit The National Institute of Standards and Technology (NIST) has issued a risk mitigation toolkit to help risk management leaders identify the most important hazards threatening buildings and other constructions and...
May 1, 2007 Tools and Techniques for Enterprise Risk Management Execution The Institute of Management Accountants has issued a new document that summarizes tools and techniques used by businesses that have effectively implemented an ERM program. After identifying risks, businesses should...
January 31, 2007 Survey by KPMG - ERM in the US A survey published by KPMG titled, Enterprise Risk Management in the United States, reflects senior executive perspectives about risk management practices and on-going efforts to successfully implement and monitor ERM...
December 31, 2006 Enterprise Risk Management: Frameworks, Elements, and Integration The Institute of Management Accountants (IMA) has issued a new document that emphasizes the importance of understanding and managing risks in today’s complex business environment. Topics covered in the...
November 1, 2006 RIMS ERM Maturity Model The Risk and Insurance Management Society (RIMS) has recently introduced its Risk Maturity Model (RMM) to help organizations better utilize Enterprise Risk Management. The RIMS Risk Maturity Model can be...
February 1, 2006 Risk Management Quantification Existing enterprise risk management frameworks focus on qualitative aspects leaving room for development of a more quantitative framework. Actuarial and mathematical models could provide a more quantitative framework to provide...
February 1, 2006 Enterprise Risk Management Quantification – An Opportunity Enterprise Risk Management has been getting increased attention in recent years, however much of the focus has been on the qualitative aspects of framework with little focus on the quantitative...
January 1, 2006 ERM Guide: Frequently Asked Questions Protiviti has provided an Enterprise Risk Management Guide that addresses the fundamentals of managing risks as well as frequent questions about implementation and the value that can be achieved with...
November 1, 2003 Benefits of Managed Risks When companies don’t guard themselves against substantial risks, the outcome can easily produce a damaged reputation. However, risk management should not discourage growth through eliminating risks, but the reverse...
April 1, 2003 ERM Infrastructure and Risk Intelligent Systems Enterprise risk management (ERM) is the key to resolving some of the demands for more corporate transparency from investors. ERM is a process that changes how an organization identifies risks...