Are risk appetite statements causing indigestion?

15 Feb 2024

High, medium or low? What does it mean? Does anyone know? This concept of risk appetite as a means to set a risk management strategy has, I must admit, baffled me since it first started to creep into the vocabulary of risk management. And, frankly, I'm not sure any of the statements really mean anything: if company A says their risk appetite [t...

1

Information Overload

05 May 2011

The CISI survey mentioned on this site yesterday "FSA paper trail hampering compliance activities" raises many issues. But first, congratulations to Julian Sampson for undertaking this service in the first place. It puts some firm data against all of the anecdotal evidence that many compliance departments are spending more time ensuring...

Groupthink - our biggest challenge

25 Jan 2011

A short trip around the Finextra website can clearly demonstrate that there's no shortage of potential solutions to support the risk identification and management process. There's systems, tools and advice available in spades. So why, with all of this help available, do crises occur? I'm convinced that it's attitude, not the lack of systems, tha...

1

Key themes for risk management in 2010

22 Jan 2010

Every year brings it’s challenges - although I think it's fair to say that we enter 2010 with perhaps slightly more optimism than 2009. Nevertheless, economic trends, political events, responses to the banking crisis and technology devlopments are beginning to shape the risk agenda for 2010. Here’s my perspective on some of the issues that are