In this posting, we are going to take a reality call on where Enterprise Risk Management is today and why the Next Generation of this management function needs to evolve.
Tuesday, February 13, 2018
Monday, February 5, 2018
Not all controls are designed equal, not all risks are equal that we know to be a potential truism, but the deviation between these two places nearly always leaves some organisations exposed.
Monday, January 22, 2018
In our previous blog on the outstanding attributes of a solid Risk Manager [LINK], a few practitioners have asked me various questions about Causal Capital’s 'Grid of Permissibility', and so I thought it prudent to delve into a couple of slides in more detail.
Thursday, January 18, 2018
Working with the London School of Business and Finance, and a set of MBA students on risk management. The topic of interest today is "The scope of a risk manager" (in a bank) and what it takes to make a good risk manager.
It's a nice change from the technically heavy presentations we can wade through at times, and I look forward to any commentary on this blog, as per usual.
Saturday, December 16, 2017
It is a tragic end to the year for risk management in banking where the regulator's fascination with Risk Comparability and Risk Framework Uniformity has reduced banking risk management solutions to nothing more than Risk = BCI x ILM.
Wednesday, November 1, 2017
Looking back in time is something I recommend risk managers should do from time to time and this week drove me to do just that. In this short blog posting, we are going to take a peep at why and how it is essential for risk managers to see how well they are truly doing and that comes from looking back, it’s more healthy than you may believe, especially if you are honest with yourself.
Sunday, October 29, 2017
Tuesday, September 19, 2017
The Velocity of Risk is a novel risk measure some Enterprise Risk Managers have started to toy around with and in this article, we explore its application and a method for modelling it.
A presentation that walks through what Velocity of Risk is and where it can be applied is attached to this blog.
Wednesday, September 13, 2017
Causal Capital often partners with various risk management solution providers across the planet and tomorrow we are pleased to announce that we will be part of a cohort Risk Management debate hosted by Metricstream [LINK], feel free to pop down to the event and say hi. We have also developed a small presentation on Risk Appetite that will influence our discussion and this document can be accessed from the blog below, please do take a look.
Friday, September 8, 2017
Issued in August and with one month to comment, the Bank for International Settlements has recently released Sound Practices for Implications of Fintech developments on banks and by extension, the supervisors of those banks are captured in this practice brief as well.
Monday, August 14, 2017
From a recent discussion on LinkedIn, the following question was put forward: "What are some of the roles a risk manager should play at the public market / equity investment fund?".
In this short article, we'll take a look at the charter of a risk manager, and why not? Actually, let's quickly take a peep at the top risk management position in any firm, the Chief Risk Officer.
Tuesday, June 27, 2017
Over the years we have written numerous blogs that share in-depth presentations on different risk modelling methods and in the coming months ahead, Causal Capital is going to increase the number of these technically natured risk management articles.
Today we are going to focus on Decision-Trees from the ISO 31010 Risk Assessment standard, and if you are interested in downloading the presentation associated with this posting, please do continue reading.
Monday, June 12, 2017
Elusive Etiological Risks ~ Every once in a while, especially when a specific situation is resonating with society at large, partial intellectuals tend to come forth to put everything into perspective but unless they are careful with their 'etiological typecasting', they chance to further mislead everyone including themselves.
Why are people so bad at assessing risk?
Wednesday, June 7, 2017
Sunday, May 21, 2017
Recent correspondence with a client drew me into a debate on ‘Interconnectedness’ or specifically: It would be good to get your thoughts on the second bullet point – Interconnectedness?
Tuesday, May 2, 2017
It has been a long time since we have blogged on this channel, a whole year, that is way too long in the world of banking and risk management. There has also been a lot of requests to bring this portal back into action, so without further ado, we'll attend to that with this new posting on Step-In risk.
Saturday, March 26, 2016
Norman Marks recently published a blog on "Why do people take risks" [LINK] which has inspired this commentary.
In this quick but explicit blog response, we explore eight iterative considerations that should be transgressed for effective decision making in the realm of risk management.
Friday, February 5, 2016
Representing Operational Risk or Enterprise Risk Management for that matter as pieces of a puzzle has always been appealing and that appeal never seems to wear thin. It certainly used to be a bit of a fascination for me but the real magic of a risk framework design doesn't come from identifying the pieces of the puzzle specifically but from interconnecting these elements in a seamless manner.
Putting the pieces of a risk framework puzzle together still seems to be a challenge for risk managers, even today.
Tuesday, January 5, 2016
One area where Enterprise Risk Management often fails is when it comes to reporting risks to the executive team of a company, its stakeholders or the board. In this posting, we are going to take a look at why risk managers go off the rails with this top level reporting requirement and how these flaws can be addressed.
Friday, November 27, 2015
An interesting comment from a respected senior associate today is worth pondering on:
Am guessing/hoping this [Systemic Risk] is directly in your wheelhouse & not sure how ISO 31000 deals with it as it involves or influences multiple systems within a sector or industry.
In my world, this type of issue is viewed as an external influence which essentially sidelines what should be considered a strategic risk.
Would be interested to see your thoughts on your site or in the group.