Is risk management taking a back seat to compliance? Risk management frameworks are often seen as a lower priority than the specific activities associated with compliance. In a busy commercial environment, it is easy to focus on complying with rules rather than implementing effective risk management. It is also easy
Management information (MI) to identify compliance related risks and issues within a financial services entity can be wide-ranging. Metrics such as KPIs and KRIs serve as risk management tools that can be used as an “early warning” signal, to address an issue before it increases in gravity. MI can help
Is risk management taking a back seat to compliance? Risk management frameworks are often seen as a lower priority than the specific activities associated with compliance. In a busy commercial environment, it is easy to focus on complying with rules
Management information (MI) to identify compliance related risks and issues within a financial services entity can be wide-ranging. Metrics such as KPIs and KRIs serve as risk management tools that can be used as an “early warning” signal, to address
“Risk Culture – the values, beliefs, knowledge, attitudes and understanding about risk shared by a group of people with a common purpose.” Institute of Risk Management To successfully influence risk culture, we need great structural mechanisms or formal arrangements that
Embracing foundational principles of Enterprise Risk Management (ERM) will be one of the most powerful things an organization can do to put structure to its success. ERM is a “Risk Based” approach to operating your business that applies logic to
Lots of people hear the terms compliance and risk management and assume the two terms are the same. While there is overlap between the two, it’s important to know the differences so you can assure your company is using each
Those of you who know me or have been students of mine know that I constantly rant about the supreme importance of knowing and understanding the client’s business, in order to intelligently comprehend and appreciate the risks the business faces.
“Risk Culture – the values, beliefs, knowledge, attitudes and understanding about risk shared by a group of people with a common purpose.” Institute of Risk Management To successfully influence risk culture, we need great structural mechanisms or formal arrangements that
Traditional Risk Management (TRM) is comparable to a very complex puzzle with many pieces that have many connections and relationships. The industry norm/tendency is to jump into the middle of the puzzle and start working. The problem is that TRM
Accompanied by the high-deductible health plans and cost sharing models, consumerism has been steadily on the rise in the healthcare industry. Hospitals that are able to successfully handle these challenges may be in a better position to stay financially viable
The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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