Risk management means many things to many people, last month we looked at fire ducting and how the adherence to correct standards can not only help reduce the risk of fire but also reduce building costs. This month we look at an occupational health and safety issue, namely RSI. ...[ Read More ]

For boards, audit committees and management keen to address the issue of risk management, the Ernst & Young study emphasises several key steps that require attention:... ...[ Read More ]

Education and training are the key to understanding this new world of risk that is the environment that we must deal with today to achieve business survival and success. It is difficult to give a brief overview of the educational needs of a risk manager because they are a diverse breed covering many disciplines and functions. Importantly to start with we should distinguish between education and training as the words are used interchangeably and without due regard to their fundamental meaning. ...[ Read More ]

A discussion with a colleague, Kevin Tant, produced the following outline for successful recognition of the concept of risk management as a new management discipline. A lot of readers will see the obvious stated here, luckily you are the converted. Risk management is the ability to identify, measure and finance the risks facing an entity in an effective way to ensure corporate growth and survival. ...[ Read More ]

Whether we like it or not we are entering an economic downturn, or in blunt terms a recession, how deep or how long is yet to be seen. ...[ Read More ]

We have a plethora of laws, standards and regulations in relation to financial reporting. Why? So that investors/stakeholders are supposedly provided with a superior quality of information that will enable them to make better informed judgments about the financial viability of potential investments. So if this is the objective of all of the rules and regulations, what happened to Enron? ...[ Read More ]

In the wealth management classes I conduct in the middle-east I include a small session on Islamic-based financing and particularly the Sukuk. In presenting these sessions what has struck me is how little awareness there is out there of this growing branch of finance and the eagerness of the participants to learn more. ...[ Read More ]

Marketing of financial services to minorities has captured the attention of many of the nation�s largest financial institutions.� The two largest growing segments of the United States population, namely Hispanics and Asians will constitute an area for potential growth by financial institutions in the coming years. ...[ Read More ]