The Big Picture

MARCH 20, 2023

What are the differences between insured depositors getting their cash back, a private sector rescue orchestrated by the Fed or the Swiss government, and a taxpayer-funded bailout? This is the government financially rescuing people despite—or perhaps because of— their own enormous recklessness and incompetence.”

Banking 325

Banking Insurance Government Management 325

Risk Management Guru

SEPTEMBER 27, 2021

Founded by Boris Agranovich in 2010, the Global Risk Community (GRC) is the world’s leading community for Risk Managers. According to its official information, GRC is also the world’s first crowdsourced training platform for Risk Managers. Source: Risk Management Show.

Risk Management 52

Risk Management Management Compliance Government 52

Norman Marks

MARCH 4, 2024

Professor Mark Beasley has been a professor for 30 years and is a leader of the North Carolina State University’s Enterprise Risk Management Initiative. He was a board member of COSO for 7 years, has been a member of the member of the United Nation’s Internal Control Advisory Group for the last 7 years, and […]

Risk Management 85

Risk Management Management Investments Investing 85

The Big Picture

MARCH 22, 2023

But the government-orchestrated deal has angered many investors. Financial Times Alphaville ) • Why Job Reshoring Is Merely a Trickle : U.S. manufacturing can’t compete on cost, but it has a leg up in some areas. ( A Wealth of Common Sense ) • What is a Bailout?

Risk Management 293

Risk Management Manufacturing Management Government 293

Norman Marks

OCTOBER 14, 2024

But I am back to the more serious business of writing about internal auditing and risk management, this time it’s a book about how to audit risk management. Even with my many years of risk management and […] Writing a novel was fun, especially as I have been told it is quite entertaining.

Risk Management 59

Risk Management Management Compliance Government 59

Norman Marks

AUGUST 12, 2022

I have been talking (OK, preaching) about the need to manage the likelihood of achieving objectives (i.e., success) rather than limiting yourself and the organization by managing or mitigating risks. You need to take risks if you ever want to achieve objectives; the key is taking […].

Risk Management 80

Risk Management Management Compliance Government 80

Norman Marks

JULY 14, 2022

My thanks go to Professors Mark Beasley and Bruce Branson of North Carolina State University’s Poole College of Management (the Enterprise Risk Management Initiative). They recently published 2022 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices – 13th Edition.

Risk Management 58

Risk Management Management Compliance Government 58

Norman Marks

JUNE 12, 2023

to share my views on how the global risk management standard, ISO 31000:2018, should be improved. It’s a standard that I prefer to COSO’s 2017 Enterprise Risk Management Framework (although I prefer the principles in the ISO 31000:2009[1] version[2]). I was pleased to receive a request from Peter Blokland, PhD.

Risk Management 56

Risk Management Management Government 56

Norman Marks

SEPTEMBER 18, 2024

But I am going to take one CFO, share what he has to say about risk management, and talk about how dangerous his views and practices are. It is far too easy to generalize about all CFOs from the example of one. The Wall Street Journal recently published an article provided by Deloitte, Frank D’Amelio, […]

Risk Management 49

Risk Management Management Compliance Government 49

Risk Management Guru

JANUARY 11, 2022

Risk management can be defined as the “process which aims to help organizations understand, evaluate and take action on all their risks with a view to increasing the probability of success and reducing the likelihood of failure” (Hopkin, 2010, p. Limitations of Risk Listing. Introduction.

Risk Management 52

Risk Management Management Risk Analysis Education 52

Brown Advisory

SEPTEMBER 6, 2022

Investing for Purpose: A Governance Perspective on Mission-Aligned Investment Strategy. And because liquidity is usually a sensitive issue for organizations, we believe that positioning the portfolio for success will require investment strategies that can effectively balance traditional risk management against mission-aligned criteria.

Government 98

Government Investments Investing Portfolio 98

Norman Marks

JUNE 22, 2023

Earlier this year, IIA Norway shared Good Practice Guidelines for the Enterprise Risk Management Function. They explain: The target group for these guidelines is organisations that would like to either establish an Enterprise Risk Management function or develop their existing risk management function further.

Risk Management 49

Risk Management Management Government 49

Norman Marks

JULY 25, 2022

My thanks to Alex Sidorenko, who recently wrote about The Directors and Chief Risk Officers Group (DCRO) on his blog in Companies need intelligent risk-taking to survive according to DCRO Institute. I really like the shift from talking about risk management to risk-taking.

Government 58

Government Risk Management Management Compliance 58

Norman Marks

APRIL 4, 2024

I congratulate José David Pino for his brave attempt to call attention to ineffective risk management in his article for the IIA’s magazine, On the Frontlines: How Mature is Your Risk Management?

Risk Management 45

Risk Management Management Compliance Government 45

Norman Marks

MARCH 6, 2023

The majority of speakers didn’t seem to understand enterprise risk management (the big […] While they have produced some excellent pieces of thought leadership (under the leadership of Carol Fox), I was struck at the time by the dominance of people with a background in insurance.

Risk Management 56

Risk Management Management Insurance Government 56

Norman Marks

JULY 11, 2022

The IIA published a Practice Guide, Assessing the Risk Management Process, in 2019. It is recommended guidance and not mandatory. What is mandatory in the IIA Standards is performing an assessment, and this Practice Guide (PG) is intended as helpful advice on how to do it. While the Standards say that you must perform an […].

Risk Management 53

Risk Management Management Government 53

Norman Marks

NOVEMBER 13, 2024

My good friend, Brian Barnier, is a brilliant individual with excellent insights into financial and cyber risk management His personal website has a challenging sidebar. It says: Good risk management is… Building value Always having a Plan B (and C, D and …) The laser eye surgery of business — it sharpens focus.

Risk Management 40

Risk Management Management Planning Compliance 40

Norman Marks

APRIL 17, 2023

That doesn’t mean you have to be an expert with years of experience as a risk practitioner. But you have to know enough about risk management to be able to assess whether it is effective. You can’t audit what you don’t understand. X What does “effective” mean? It means, in my opinion, that it meets […]

Risk Management 49

Risk Management Management Government 49

Norman Marks

JULY 5, 2022

I commend Marco Nutini for his recent LinkedIn post, Risk and decision: egg or chicken? He asks: In your opinion, which of the two alternatives best represents the Enterprise Risk Management process?

Risk Management 49

Risk Management Management Compliance Government 49

Norman Marks

APRIL 11, 2024

Multiple news organizations reported this month that the UK’s Lloyds Banking Group is going to make significant cuts in its risk management function. It’s shocking, but it’s the truth. Background: Lloyds is one of the largest banks in the UK with revenue of £28 billion and next income of just under £5 billion. It has […]

Risk Management 45

Risk Management Management Banking Government 45

Norman Marks

JULY 1, 2022

Nick Sanna, the CEO of RiskLens, a software company specializing in cyber risk management, recently issued a wake-up call for risk managers in a presentation at a Professional Risk Managers’ International Association (PRMIA) conference. He “encouraged risk managers […].

Risk Management 45

Risk Management Management Compliance Government 45

Norman Marks

AUGUST 7, 2024

On the same day that I published my last blog post, Important survey results for internal audit, boards, and management, explaining how internal audit can help their organization upgrade risk management processes, I saw the IIA President and CEO, Anthony Pugliese, announce: UPDATED GLOBAL PRACTICE GUIDE: Assessing the Risk Management Process, 2nd Edition (..)

Risk Management 52

Risk Management Management Compliance Government 52

Norman Marks

NOVEMBER 7, 2022

I want to thank the 102 people who responded to my survey. The results are quite interesting. First, there is an inherent bias in the responses. These are all people who are reading my posts and are therefore more likely (I believe) than the general population to agree with what I have been advocating. Having […].

Risk Management 56

Risk Management Management Compliance Government 56

Risk Management Guru

OCTOBER 24, 2022

The RBI Grade B Mains Exam’s Finance & Management portion includes a subsection on Risk Management in the Banking Sector. A bank may make more money by taking on greater risk since the relationship between risky assets is direct. What Does Risk Management Mean In The Banking Industry? Conclusion .

Risk Management 40

Risk Management Banking Management Assets 40

Norman Marks

JULY 17, 2023

Professors Mark Beasley and Bruce Branson of the North Carolina State University’s Poole College of Management have shared with us for 14 years the results of their surveys of risk management practices.

Risk Management 40

Risk Management Management Compliance Government 40

WiserAdvisor

SEPTEMBER 8, 2022

Interest rate risk, inflation risk, recession risk, and others can surface from time to time and affect your investments as well as peace of mind. This is why portfolio risk management can be very critical. However, it is crucial to understand how to manage portfolio risk and what can trigger it.

Risk Management 52

Risk Management Portfolio Management Asset Allocation 52

Norman Marks

JUNE 29, 2023

The current internal auditing standards from the IIA (not the draft update) require internal auditors to assess the adequacy of management’s risk management processes. In this case, the reason is that if management […] That sounds fine, but why?

Risk Management 40

Risk Management Management Government 40

Norman Marks

SEPTEMBER 13, 2022

The world in which we live is turbulent, with so much happening all the time. That applies to our business as well as our personal lives. Naturally, we try to simplify the complex. Hard to survive otherwise! Our brains are (at least for most of us) unable to fully grasp everything that is happening, so […].

Risk Management 58

Risk Management Management Government 58

Integrity Financial Planning

JULY 3, 2023

The national debt ceiling is the amount of money that the United States Government is allowed to borrow to pay for its expenses. Military and government-funded jobs would also likely see a freeze in pay. [3] Even the average person’s interest rates on home loans, business loans, and credit cards are all tied to government bond rates.

Government 98

Government Risk Management Budgeting Taxes 98

Risk Management Guru

SEPTEMBER 20, 2021

Whether you’ve just started in Risk Management or you’re already a professional in this arena, this article will interest you. We are highlighting some of the reference professionals we follow who are seasoned Risk Managers, each in its own area of expertise. Linked In. Website / Blog. Linked In. Steve Burns.

Risk Management 59

Risk Management Government Management Compliance 59

Norman Marks

AUGUST 15, 2022

Several internationally recognized authors have already addressed a recurring theme in the Risk literature: if a company does not […]. Earlier this year, Marco Nutini asked this challenging question in a newsletter he shared on LinkedIn. He starts with: Calm down, I don’t want to ruin my source of daily bread, let alone create a fuss.

Risk Management 56

Risk Management Management Government 56

Brown Advisory

OCTOBER 22, 2021

Sustainable Sovereigns: Integrating ESG Analysis into Government Debt Research ajackson Fri, 10/22/2021 - 14:56 Brown Advisory has championed Environmental, Social and Governance (ESG) research and sustainable investing for more than a decade. Historically, ESG analysis of sovereign debt was primarily focused on governance issues.

Government 52

Government Education Economics Investing 52

Brown Advisory

OCTOBER 22, 2021

Sustainable Sovereigns: Integrating ESG Analysis into Government Debt Research. Brown Advisory has championed Environmental, Social and Governance (ESG) research and sustainable investing for more than a decade. FROM CORPORATE CREDIT TO GOVERNMENT DEBT FUNDAMENTAL AND ESG RESEARCH. Fri, 10/22/2021 - 14:56.

Government 52

Government Education Economics Investing 52

Norman Marks

NOVEMBER 6, 2023

For many years, the ERM Initiative of North Carolina University, in partnership with the AICPA & CIMA, has surveyed organizations about their assessments of the maturity of “risk oversight[1]” at their organizations. The two authors, Professors Mark […]

Risk Management 49

Risk Management Management Government 49

Norman Marks

JUNE 20, 2022

PwC has shared with us the results of their 2022 Global Risk Survey. It has some interesting stuff, although (as usual) doesn’t go far enough for me. Their food stuff includes: In this turbulent business environment, many executives find the need to revise and adapt their strategies and operating models at a rapid pace. They […].

Risk Management 53

Risk Management Management Food Compliance 53

Risk Management Guru

SEPTEMBER 22, 2021

This event is considered to be the biggest virtual conference about Risk Management topics, delivering more than 50 interactive workshops with more than 30 speakers, including the best Risk Management professionals in the planet. Don’t miss this great opportunity. Don’t miss this great opportunity.

Risk Management 52

Risk Management Government Management Planning 52

Norman Marks

MARCH 24, 2023

Originally posted on Norman Marks on Governance, Risk Management, and Audit : I am in the midst of writing a new book and decided I needed to define my core principles for effective internal auditing.

Risk Management 58

Risk Management Government Management 58