Risk Management Articles

Latest risk management articles to help you better understand the complex world of Risk management. If you would like to submit your articles of interest, do write to manoj.jain@riskpro.in and we will surely include your articles in this section.


People Risk and the PRAY model - White Paper

People Risk is an aspect and element of Operational Risk in any industry or enterprise. In many the People factor and Human Error element has been reduced to be almost nonexistent. Given a statistical base such as Airlines Travel or Industrial Automation the risk from an Operational Internal Perspective is nearzero.Automation having its own risk is a different and NOT related to People Risk.

Malware Threats and Risks in Mobile Banking

There has been a huge growth in the mobile threats. Mobile devices are exposed to record number of malware attacks from cyber criminals, including a 400 percent increase in Android malware, as well as highly targeted Wi-Fi attacks. Cyber criminals have turned their attention to mobile devices. At the same time, the gap between hacker capabilities and an organization's defenses is widening. These trends underscore the need for further mobile security awareness, as well as more stringent, better integrated mobile security policies and solutions.

Using BEICF to adjust Basel AMA Operational Risk capital

The issue all of us face in using the BEICF data, is lack of structure and mechanism to quantify if controls fail. In most cases the implication of control failure and linkage to data loss is absent. So while mutually exclusive data exists, the usge to adjust AMA becomes a judement call rather than a statistic method of impact calculation

Enterprise Risk Management (ERM) Questionairre

Purpose
The ultimate goal of Enterprise Risk Management (ERM) is to evaluate total returns relative to total risks, leading to more informed business decisions. This questionnaire can be used when assessing an organization’s enterprise risk management strategy. It focuses on the internal environment, objective setting, event identification, risk assessment, risk response, control activities, and information and communication.

I. Internal Environment

1. What is the overall risk appetite of the organization?

RBI now regulates MFI Industry

A Sub-Committee of the Central Board of the Reserve Bank (Chairman: Shri Y. H. Malegam) was constituted to study issues and concerns in the MFI sector. Following on the recommendations, RBI has introduced Micro Finance Institutions(MFIs) as a new category of Non Banking Financial Companies (NBFC).

The RBI said that NBFC-MFI will have the following features
-Will be a non Deposit taking NBFC.
-Have minimum net owned funds of Rs 5 crores
-Not less than 85% of its net assets being under qualifying assets.

Regulatory Guidelines for Fraud - An operational Risk

For enhancing and improvising risk management practices and to comply with the new capital adequacy framework, RBI has come out with guidance notes and circulars on Operational Risk. It is considered to have set sound principles for effective management and supervision of operational risk by Banks. These are indicative guidelines and therefore differ from bank to bank, depending on size, complexity of business, risk philosophy, market perception and expected level of capital.

IPO Scams... First Day Listing Horror Stories

We have read enough on the topic.A proposal from SEBI was to introduce a circuit limit on first few days of listing to try to contain the problem.

I personally do not think it will be a big deterrant for the IPO scams that are abound. The only benefit will be that a genuine investor will not lose all his money on Day 1 and instead only lose 10% or so. He might get a chance to get out on subsequent days.

Risk Management Premier

Risk Management does not have to be a complicated subject for you. Riskpro helps to demystify the concepts from a layman's view.

Please dowload the "Risk Management Premier" that demystifies some ofthese concepts. Formore information and training requirements, please contact us at info@riskpro.in

R.I.M --> R.I.P. Is temporary service outage a big issue

Recent Headlines
BlackBerry service restored after worst outage ever.CEO says "Sorry".

Questions that are on our minds-
- Is temporary service outage such a significant business concern that CEO of RIM had to say sorry.
- Can you really have a BCM /BCP plan for manage such business disruptions.
- What would you put as a business loss for such service outage, both for RIM and for another telecom company.

We analyze the information with a business cycle context and a reputation / brand perception context.

Risk Management in BPO / KPO Industry

Information Technology and IT Enabled Services (ITeS) are among the fastest growing sectors in India. Indian ITeS- BPO industry has played a crucial role in fuelling the Indian economy’s growth in terms of significant contributions to GDP, employment opportunities and exports. The growth of this industry has been very significant as it has contributed 5 million jobs and $15 billion in revenues in last 10 years. The contribution to Indian economy in terms of GDP is 1% and 4% in terms of exports.

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