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Aug 7, 2008

Risk Managers Should Have Been Better Prepared

The 2008 financial crisis exposed gaps in risk management, from rating agency trust to liquidity mismanagement. Learn how better risk oversight and communication could have mitigated these issues. Read the full article here.

Jul 1, 2008

Model Risk Management for Financial Service Firms

Discover how model risk management evolved with OCC bulletins addressing credit scoring concerns and expanded to financial services. Learn challenges and best practices for validation and integration.

Jun 1, 2008

Does ERM Matter?: Enterprise Risk Management in the Insurance Industry

The insurance industry’s ERM maturity is improving, but misalignment between risk appetite and decision-making persists. Explore insights on leveraging ERM for investor confidence, risk-adjusted returns, and managing emerging risks.

Jun 1, 2008

Board-Level Risk Committees

Traditionally, senior risk executives have managed risk at the operational level of organizations. Boards have had general oversight responsibilities for risk, with audit or finance committees taking on more specific risk responsibilities. Now, with the heavy workloads of audit and finance committees and a trend towards implementing enterprise risk management (ERM) processes, many organizations are finding it beneficial to form separate board-level risk management committees. The risk content of an organization is often still addressed at the board level across many committees, while risk process is the focus of the separate risk committee.

May 1, 2008

Eight Principles of Risk Convergence and Implications for GRC Technology Solutions

Integrating risk disciplines under a GRC framework ensures a unified, actionable approach to risk management. Discover eight principles driving GRC convergence and how technology empowers holistic risk oversight.

May 1, 2008

Standard & Poor’s Applies ERM Analysis to Ratings

S&P to include ERM evaluations in credit ratings for all companies in 2008. Focus areas include risk culture, strategic risk management, and senior management’s approach to risk and reward.

May 1, 2008

ERM: The Importance of Senior Management Buy-In and Leadership

The Midwest Audit Committee Network met to discuss effective ways for boards and audit committees to oversee enterprise-wide risk management. The network is a group of audit committee chairs drawn from leading Midwest companies of varying size. This article captures the overall tone of the comments and outlines the conclusions drawn by the committee. While specific quotes are highlighted to emphasize a point, the speaker’s identity is kept confidential.

Apr 11, 2008

Integrating Business Continuity Planning and ERM at Fidelity

Fidelity Investments leverages robust ERM practices, focusing on IT risk, business continuity, and emerging threats, to maintain 24/7 operations and safeguard global investment services.

Apr 1, 2008

Audit Committee Oversight of Enterprise Risk Management

Boards and audit committees are facing rising expectations to manage both near-term and strategic risks, with key roles played by CFOs and internal audit in enterprise risk management.

Apr 1, 2008

Risk Appetite: A multifaceted approach to risk management

IBM’s survey examines the integration of risk appetite in financial institutions, revealing challenges in aligning risk management with business strategy, capital allocation, and data quality. Discover recommendations for enhancing risk management across organizations.