Risk Commentary Blog

[DISCLAIMER: NOTHING IN THIS POST OR OTHER MATERIAL ON THE WEBSITE SHOULD BE CONSTRUED AS FINANCIAL ADVICE, BUT ONLY COMMENTARY.]The image for this post is one slide in the 3-minute presentation recen...

In my previous post "Enterprise Risk Management Framework Limitations" I list common false assumptions regarding the well known frameworks. You will see in that post how they are deficient in certain ...

520 words. Many contemplating Enterprise Risk Management search for the appropriate framework or standard to govern the ERM program; e.g., ISO 31000; its predecessor AS/NZ 4360; COSO; or another (ofte...

Enterprise Risk Management depends upon effective risk assessment. Many risk assessments are done with informal, ad hoc methods which produce nothing more than a rehash of known issues. They do not pr...

510 words. Updated 11 May 2024. One important element of Enterprise Risk Management is risk assessment applied to technology projects.IT project failureInformation Technology (IT) projects commonly un...

355 words. Updated 11 May 2024.Enterprise Risk Management extends to the world of contract management. Risk assessment is eminently practical and can achieve in an ordered fashion what legal analysis ...

220 words. Updated 11 May 2024. Public sector risk assessment Early adopters of Enterprise Risk Management should lead the way, not go backwards. “Glaring disregard for basic management and contractin...

660 words. Updated 10 May 2024. Need for Enterprise Risk Management vs lack of interestThe State of Risk Oversight (2023, North Carolina SU) [1] sets out a paradox: despite the increase in complexity ...

500 words. Updated 10 May 2024. It is tempting to challenge AI to do risk identification.After listening to a financial podcast [1] touching on post secondary (higher) education in Canada, I posed thi...

470 words. Updated 09 May 2024.What was the essence of the 2008 crisis? Did Enterprise Risk Management fail by not flagging bank operations – that is, irresponsible mortgage lending, securitization of...

450 words. Updated 09 May 2024.No universal formula for risk tolerance in non-financial contextsIn another article [1] on this topic, I claim that, with the advent of Enterprise Risk Management, terms...

590 words. Revised 08 May 2024. In the discourse on Enterprise Risk Management, statements of risk tolerance and risk appetite can border on the absurd, showing a slavish adoption of financial termino...