Posts Tagged ‘risk management’
A Messy Picture for Risks in 2022
Consulting firm Protiviti recently published its annual survey of enterprise risks worrying corporate leaders for the coming year. As always, the survey is worth a look so you can decipher what might be on the minds of your board and C-suite, and then anticipate the ways they’ll likely exasperate you over the next 12 months.…
Read MoreNotes on Cybersecurity and Operational Risk
Last week one of the country’s top banking regulators published its semi-annual report on risks to the financial system, and to no surprise cybersecurity risk was near the top. The more one ponders the findings, however, the more you can see insights about cybersecurity, internal control, and innovation that are worth the time of a…
Read MoreCredit Suisse and Risk Oversight Pains
Today in news that should surprise nobody: Credit Suisse is mulling whether to remove its chief risk and compliance officer, after months of the Swiss bank stumbling from one surprise scandal to another. The executive in question, Lara Warner, has been in that combined risk and compliance role since Credit Suisse consolidated the two functions…
Read MoreLessons Ever Given on Risk, Control
For several days now I’ve wanted to discuss risk management and compliance lessons we could learn from that cargo container ship trapped in the Suez Canal, but I was stuck on exactly what to say about it. My thoughts finally dislodged (that’s the last pun, I promise) after reading a superb analysis in the Financial…
Read MoreThoughts From the CEOs
Gorgeous spring weather finally arrived in Boston this weekend, so like any sensible compliance enthusiast I spent that time indoors reading the 2021 PwC Global CEO Survey. We have some findings about digital transformation of business processes and risk management to discuss. For those unfamiliar with the PwC Global CEO survey, it’s an annual report…
Read MoreThoughts on IT Risk Management
Another week, another report painting a mottled picture of corporations and their approach to IT risk and compliance. This time around we have interesting points to explore about the pandemic’s effect on IT risk, how companies are responding to that pressure, and who is or isn’t in charge of all this stuff. The report is…
Read MoreEnterprise Risks: The Pandemic, and Beyond
Surprising exactly no one, the top worries this year among corporate leaders are the pandemic and its economic consequences. So says Protiviti’s annual report on top enterprise risks, although the report does also flag a few other concerns that corporate audit and risk managers may want to consider. The top risk for 2021, according to…
Read MoreBank Regulator Props Up Energy Lending
The Trump Administration is trying to push through a rule that would neuter banks’ ability to consider ethics and reputation issues when offering services — a kiss to the oil & gas industry, and one that would undermine banks’ ability to consider social and ethical factors when evaluating business relationships. The Office of the Comptroller…
Read MoreA Word on Climate Change Risks
So as you may have noticed recently, the world is on fire. And being buffeted by hurricanes. And suffering drought. And watching the polar ice caps melt away like Red Sox playoff hopes every summer. Put simply, mankind is past the point of preventing the deleterious effects of climate change. Those effects are here now.…
Read MoreNew COSO Risk Appetite Guidance
News for all you guidance enthusiasts: COSO just released a 40-page primer on how to define your organization’s risk appetite, and then weave that risk appetite into corporate strategy and decision-making. The booklet is available for free on the COSO website, and is the latest in a series of smaller, focused pieces of guidance that…
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