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Four Components of Resilience 13 Jul 2013 | 06:55 pm
Excerpt from The Resilience Renaissance Resilience thinking requires an acknowledgement of the fact that systems must learn to live with uncertainty and that change is inevitable. ‘“Expecting the unex...
Open or Closed? 9 Jul 2013 | 03:36 pm
Moorad Choudry provides a good description of how banks think about ALM in a new article in The Actuary, Asset/liability management: solid as a rock?. But he misses one very important point that to ...
What is the definition of RISK? 8 Jul 2013 | 02:31 pm
The word risk is a common English word with a definition that has been well established for hundreds of years. There is no need for risk managers to redefine the word to mean something else. In fact...
Make a seat at the table 5 Jul 2013 | 02:02 pm
The report of the Parliamentary Commission on Banking Standards titled “Changing banking for good” makes many bold statements about what is wrong with banking but stays very much in the area of timid ...
Summer ERM Readings 3 Jul 2013 | 02:18 pm
This Summer – Sun and Fun and ERM can all go together. Eight short ERM stories for the beach. What to Do About Emerging Risks… Managing emerging risks requires more than just blue sky sessions to iden...
A Fatal Flaw in Reasoning 2 Jul 2013 | 02:54 pm
Financial economics has a basic fundamental fatal flaw. That flaw is that: Financial Economics assumes that no one pays any attention to Financial Economics. So if we stopped reading and listening and...
Resilience in the Long Run 20 Jun 2013 | 06:57 pm
[A speech delivered at the New York Stock Exchange, June 19, 2013 by Dave Ingram] Did any of you notice last fall when New York City shut down for a week? That wasn’t on my list of likely problems for...
The Risk Management Circle 16 Jun 2013 | 06:11 pm
ERM at its best can a process for overseeing all of the financial management processes of the firm. To accomplish this, ERM needs to be a light touch in the picture above where the arrows in and out...
The Five F’s of Risk 30 May 2013 | 03:24 pm
Most people have heard of the human reflex when threatened: Fight or Flee But in fact, studies show that the most common reaction is: Freeze There are two additional reflexive reactions after an adver...
Why some think that there is No Need for Storm Shelters 22 May 2013 | 03:45 pm
The BBC featured a story about the dearth of storm shelters in the area hit last week by tornadoes. Why so few storm shelters in Tornado Alley hotspot? The story goes on to discuss the fact that Ameri...
