Dear Reader, We all know that this type of title for a blog is designed to catch the eye and attract you in… so while you are here it is worth thinking about the following. Today the FT reported that HP boss, Ms Whitman blamed “inconsistent execution” for their latest poor performance. She said that Read More
Dear Reader, Risk Management can often be seen as a serious topic. Here is a lighter take on the topic.
StratexSystems announces impressive client wins in the first half of the year for its Enterprise Risk Management Solution.
London, UK. July 5th, 2013 – StratexSystems announced today that it has seen a significant increase in the number of clients in the first half of 2013. Included within their recent client wins are two of Europe’s largest Central Banks/Financial Services regulators, one of the largest global asset management firms, six insurance companies as well as a FTSE100 defence company. Additionally, a number of organisations are piloting the StratexPoint solution, including their first firm in the water industry, whom has recently completed a pilot deployment with positive results.
The number of clients highlighted above is significant as it demonstrates that the StratexPoint solution has been adopted by a wider range of organisations and is being applied to address needs beyond Enterprise and Operational Risk Management in Banks.
In the first executive briefing of 2013, StratexSystems invites two of it’s clients to share their experiences at different stages of the Enterprise Risk Management journey. The first keynote presentation was a case study from one of the UK’s newest and fastest growing banks (Aldermore Plc) presented by their Head of Operational Risk, Kevin Pearce. Read More
This introduction to StratexSystems provides an insight into how the Risk-Based Performance Management approach has been turned into a enterprise software application, based on Microsoft SharePoint. StratexLive & StratexPoint – Risk Management Software Powered on Microsoft SharePoint, TUTORIAL CHAPTERS CAN BE FOUND BELOW: 1:06 Stratex Homepage & Navigation 3:36 Defining The Stratex Framework 6:36 Read More
This blog is somewhat off topic however I have just spent an hour or so trying to reconnect Windows Live Writer to my SquareSpace V5 blog. It should and sometimes is straight-forward; 1) Add the URL to your blog 2) Add your username 3) Add your password However you maybe asked to ‘Select Blog Type’. Read More
Like Jordan, organisations need to experience failures and learn from them. This need to be recognised within the strategy execution and risk management process. Watch the video after the Jump..
A practical approach to defining indicators within an integrated ERM Framework Workshop Overview Many organisations have made considerable progress in the area of enterprise and operational risk management since the financial crisis in 2007/2008. However events over the last few years have demonstrated, and continue to demonstrate the need to make improvements in organisational risk Read More
Today, April 1, 2013 see the introduction of one of the most significant and far reaching changes to UK Financial Services regulation for many years. The change referred to is of course the splitting of the Financial Services Authority (FSA) into two new regulatory bodies, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority Read More
Our friends at StratexSystems will be holding an ERM Executive Briefing this Thursday March 21, 2013 in the City of London! If you are interested in attending, please register your details by mid-day this Wednesday. There are only 3 spaces left! In this executive briefing, StratexSystems invites two of it’s clients to share their experiences Read More
In this executive briefing, our business partner, StratexSystems invites two of it’s clients to share their experiences at different stages of the Enterprise Risk Management journey. The first client is the UK’s largest financial services outsource provider, who started their ERM journey in 2006/07 as one of their drivers of rapid growth, but were Read More
Operational Risk & Regulation hosted a training course today, The Fundamentals of Operational Risk training Event. Our CEO & Founder, Andrew Smart lead two sessions at this event. In preparation, he prepared and makes available a presentation Governance Culture and Incentives. Please add comments below or share your comment on the Risk-Based Performance Management LinkedIn Read More
Operational Risk & Regulation hosted a training course today, The Fundamentals of Operational Risk training Event. Our CEO & Founder, Andrew Smart lead two sessions at this event. In preparation, he prepared and makes available a presentation Three Key Questions for Boards and Executives. Please add comments below or share your comment on the Risk-Based Read More
It is my view that the Strategy Map is a key tool in any risk management project. All the major risk standards such as COSO Enterprise Risk Framework, ISO31000 etc all state the business objectives are the starting point of any risk management project but don’t show you how to do this. The Strategy Map Read More
On the first of April, 2013 the UK Financial Services industry is going to see the introduction of a ‘Twin Peaks’ regulatory regime. This change will see the Financial Services Authority (FSA) spilt into two new regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
The FCA will be responsible for:
- ensuring that relevant markets function well
- for the conduct supervision of financial services firms
- the prudential supervision of firms not supervised by the Prudential Regulation Authority (PRA).
The single strategic objective of the FCA will be; to protect and enhance confidence in the UK financial system. However it has three more operational objectives to deliver