Investor Cynicism

What we have seen in the past 20 years within the business community is a cycle of boom and bust, of euphoric optimism followed by a real sense of investor cynicism. The 'Big Bang' UK financial community changes in 1986 heralded a spirit of greater competitiveness, and a 5 Managing Project Risk, Y. Y. Chong, Financial Times Management, 2000. Figure 5.5 Components of the RAMP approach Source www.Actuaries.org.uk, Institute of Actuaries, 2000. Figure 5.5 Components of the RAMP approach Source...

Risk Management Project Plan

We can take the RAMP template for risk management to derive the project plan. This is to provide effective and timely support for all the banking staff to cope with market developments over the next 10 years. Meeting challenges for the bank include Evaluating and reporting of strategic long-term risks for the board of directors. Handling new products, particularly securitised assets and equity derivatives. Online, real-time mark-to-market pricing for front office. Basel II compliance reporting...

Risk Management To Pick Up The Pieces

There are additional techniques to deal with the risk spectre. Scenario analysis lets us think wider to encapsulate more dramatic risk events. These include the Exxon Valdez and Hurricance Andrew extreme risk events that drove many companies to the brink of bankruptcy. There cannot have been a more damaging and unthinkable recent disaster than September 11th. CASE STUDY BUSINESS CONTINUITY, LESSONS FROM SEPTEMBER 11TH This sad episode was a tragic extreme risk event, and we must use it as an...

Case Study The Executive Background Check

Top execs of at least three US companies were disciplined for fabricating their university degrees on their CVs. The disclosure by Peter Turecek, who heads the consulting services group at corporate investigating firm Kroll Inc. said R sum fraud is not new. Companies wanting to check it, or having the political will to check it, is something that has to change. 5 Tyco's Kozlowski sets sail, www.Forbes.com, 3 June 2002. 6 Sound practices for the management and supervision of operational risk,...