The Seven Operational Risk Event Types Projected by Basel II

The Seven Operational Risk Event Types Projected by Basel II

Bankers have reasons to fear operational risks hovering around their businesses. Any loss caused by inadequate or failed internal processes, people, systems, or by external events, can be classified under operational risks. Basel II has projected seven types of operational risks that banks and financial institutions should bring into focus: Internal fraud – Acts of…

The Seven Operational Risk Event Types Projected by Basel II was last modified: January 12th, 2015 by Mohammed Nasser Barakat



Overseas Businesses Endangered by Political Risks

Political instability and unrest is a growing risk factor encountered by businesses that venture into potent or emerging markets. Organizations have witnessed powerful national regimes like Ukraine and Egypt, which were once stable, dismantle rather quickly. The former, renowned for its foreign trade and investment, and the latter as a prosperous tourist destination, lost a…

Overseas Businesses Endangered by Political Risks was last modified: January 7th, 2015 by Mohammed Nasser Barakat



Reputational Risks Arising out of Social Media

The pros of using social media are many. Its cost effectiveness and extensive reach have encouraged most organizations (including many tech giants and MNCs) to prioritize the channel for their business strategies. The transition from “strictly no Facebook” to “social media friendly” was a rather quick one for many organizations. Social media helps to augment…

Reputational Risks Arising out of Social Media was last modified: January 7th, 2015 by Mohammed Nasser Barakat



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Stress Tests will stick around for Big-belly Banks

Within months of the financial downturn, regulators began to fortify the financial sector with stress testing. It opened eyes in Wall Street, and many “too big to fail” banks, to perils only they had invited. Initially, regulators faced heavy criticism for the objective and purpose of stress testing. However, Critics are now changing their opinions…

Stress Tests will stick around for Big-belly Banks was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



Integrated Enterprise Risk Management Solution

Integrated Enterprise Risk Management Solution for Optimized Business Performance

Until a few years ago, risks remained hidden within the walls of departments, and enterprises viewed risk areas independently. Modern Risk Management aims to promote the interconnectedness of risks and controls within business areas; after all, the emergence of a previously undetected risk can sometimes set off a chain of events, which branch out to…

Integrated Enterprise Risk Management Solution for Optimized Business Performance was last modified: October 27th, 2014 by Mohammed Nasser Barakat



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Factors That Make Operational Risk Assessments Go Haywire

Rating:   Operational Risk Assessments can go haywire because of a number of reasons. And here are a few things you need to set right to eliminate the causes behind failed risk assessments: Building the right risk culture A standard risk language has to be created This common understanding and uniform language also facilitates smooth…

Factors That Make Operational Risk Assessments Go Haywire was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



Five Tips to Sense Operational Risks in Your Organization

Five Tips to Sense Operational Risks in Your Organization

Alan, the company’s CEO is concerned about the risks of an upcoming new project. Alan has always been proactive with risk management and hence calls a meeting with his Risk Manager, Jack and Head of Operations, Sarah. Jack is a witty risk manager and he comes up with some techniques that could help Sarah deal…

Five Tips to Sense Operational Risks in Your Organization was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



Come Back Enterprise Companies

Come Back Enterprise Companies This infographic has been designed to list the re-emergence of a few global pioneers of the business who confronted tough challenges. Over the years, these enterprises have suffered failures, losses and risks. Despite, today they have bounced back as one of the greatest names in the business & technological world. They…

Come Back Enterprise Companies was last modified: November 19th, 2014 by Mohammed Nasser Barakat



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Cyber Security Risk – One Of The Major Risks Factors Bankers Face Today

The Finance and Lending industry has encountered a great deal of advancement in a short period of time, and so have the risks of an industry that is very heavily regulated. Lending has been dated back to centuries when risks were clear and transparent. Even just a few decades ago, the risks that bothered the…

Cyber Security Risk – One Of The Major Risks Factors Bankers Face Today was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



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Characteristics Of A Successful GRC Program

In the past, Alan’s company usually approached areas of Governance, Risk and Compliance (GRC Software) as silos – operational risks, market risks, legal & regulatory risks and so on. The risks were addressed with no correlation to each other. Today on the other hand, Alan has realized the importance of building a more integrated GRC…

Characteristics Of A Successful GRC Program was last modified: October 10th, 2014 by Mohammed Nasser Barakat



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