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Home   Membership   Education   Events   Resources   External Affairs      July 24, 2014



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Dashboards can help CFOs manage risk
CFO
Not so long ago, risk was one of several portfolios entrusted to a mid-level executive. Various related activities were often relegated to the back office. Today, risk has moved its way into the C-suite and boardroom. That means CFOs, who also own risk management broadly, need to expand their tool kits to include risk-sensing tools, dashboards and other appropriate technologies. They also need to work seamlessly with chief risk officers, business units and strategic planners.
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Hidden risks in emerging-markets debt?
MorningStar
Emerging-markets bonds, along with other higher-yielding fixed-income assets such as junk bonds and bank loans, have seen a surge in flows in recent years. Investor interest has been driven in large part by persistently low yields across the developed world. Growing demand for emerging-markets bonds also reflects a confluence of other fundamental factors. Emerging sovereigns' fundamentals have been improving, global financial markets are becoming increasingly integrated, and local-currency debt markets in many emerging nations are deepening and maturing.
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Taking the strategic view of cyber security
Risk
Students of the military arts, at a fairly early stage in their education, run into the anecdote about Frederick the Great being shown a defensive plan that involved the entire army being lined up along the Prussian border. "What's that meant to do?" the great general asked scornfully. "Prevent smuggling?" The lecturer will then explain that the point is, of course, that you can't base a workable defensive strategy simply on a border defense that you assume will never be breached. You have to assume a breach and prepare plans for mitigation and counterattacks. The cybersecurity profession, too, has made this transition. Every company is exposed to cybercriminals, and those who let their guard down will find themselves compromised.
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Big banks: Too big to trust?
CNBC
On the heels of the big banks being bailed out by the federal government, Dodd-Frank was created to mitigate risk should another collapse occur. Still, on the four-year anniversary of Dodd-Frank, consumers are weary of big banks that have not yet mended their damaged reputations with the American consumer. Perhaps there is a lesson to be learned from smaller, regional banks.
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Supply chain: Manage your firm's risk to avoid black swan events
Business Reporter
Supply chains are delicately balanced things at constant risk of being upset – and what are known as "black swan" events can mean disaster for a businesses. Manufacturing could be delayed or even stopped altogether. Production targets will not be able to be met and companies could face huge financial losses by not being able to fulfil orders. Companies need to be aware of risks to the supply chain, says one industry figure. Firms could be affected by major events in the area in which they produce goods, says John Manners-Bell, CEO of research firm Transport Intelligence, and they need to know how many suppliers could be impacted, whether or not it is business critical, and to factor for these risks in their costing.
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Employers blame economy for workers' lawsuits
Human Resource Executive Online
The economy appears to be moving in the right direction. Unemployment has dropped from 9.6 percent in June 2009 to 6.1 percent last month. During the same time frame, the number of (nonfarm) jobs climbed from nearly 131 million to almost 139 million. Even the number of discrimination lawsuits filed by the Equal Employment Opportunity Commission has been cut in half, from 314 to 148. So why do more employers feel that economic conditions are leading disenchanted employees to bring more lawsuits?
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When feds ignore risk, they create risk
Government Executive
Think of organizations that you consider "risk takers." How many of those are federal agencies? I’m guessing not many, or more likely, none. Why? Well, in general, federal agencies are risk averse. There are many reasons for that. First, there is often limited upside in taking risk in the federal government. Successful risk taking is not necessarily followed by related program budget increases or rewards for the individuals involved. Second, if an agency takes a reasonable risk and is unsuccessful, that effort is more likely to be branded a failure rather than a valuable learning experience. Finally, some believe the current climate in our nation's capital creates a "better safe than sorry" environment.
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Why your brain plays down risk
Inc.
Before the last time you took a risk, you probably didn't think the action was all that risky. It's not because you were being stupid — although some risk-taking certainly can be so — it's because your brain is circuited to downplay risk.

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Risk management throughout the vendor relationship lifecycle
InsideARM
New guidance from the Office of the Comptroller of the Currency and the Federal Reserve makes it clear that supervised institutions must be vigilant throughout every stage of the relationship with a third party.

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OSHA Chief: Inequality in America is about workplace hazards, too
NBC News
Inequality and poverty have taken center stage in American politics in the years since the recession. Fast food workers have raised the profile of low-wage work, cities and states around the country are raising the minimum wage, and elected officials in both parties have made the struggles of poor Americans core political issues.

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3 ways businesses can manage social media risk
PropertyCasualty360
Over the years, social media's impact on businesses, relationships, communities, nations and the world at large became more apparent every day. Social movements around the world also encourage the open expression of ideas and affirms the passions and desires of people leading to their ability to connect, revolt, and overturn those in power. The corollary here with business is that a corporate revolution is coming and if companies aren't prepared for it, aren't open to it and accepting of it, their future is likely uncertain.
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Surviving and thriving in the current risk management and regulatory environment
Bank Systems & Technology
With rapid change transforming the lending and leasing lifecycle and ecosystem, it's important to recognize that financial institutions continually operate in an environment of both constraint and opportunity. There's inherent potential in every set of changes and constraints, so we have to consider how risk management and technology — two areas of rapid evolution in our ecosystem — create opportunity to thrive, not merely survive.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    The ripening case for managed services in risk management (WallStreet & Technology)
New job discrimination guidelines may help many pregnant workers
(The Associated Press via ABC News)
The art of predicting business risks: Why non-experts do it better (Fortune Magazine)

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