Resources
Risk Management
Inside this issue
• Are companies preparing for an upturn, or are they still trying to out-run the dogs of the downturn?
• Where do companies keep their cash and how do they decide where to put it? - -
Content
Insurance soars as regulation tightens
Paul J Davies reports on how post-crisis risk policies are putting companies and their directors under increasing pressure
Treasury risk: Well and truly back on the agenda
The collapse of Northern Rock, US investment bank Lehman Brothers and three Icelandic banks has changed the way companies manage their cash.
Data protection: Time, training and investment are required
There are still warnings that companies and public sector bodies are not protecting data as well as they might and that many institutions do not devote enough time to staff training or do regular risk assessments.
Climate change: Not necessarily a threat but insurers can’t just muddle through
Some warn that insurers could be overwhelmed by a potentially greater incidence of floods and storms. Others see it as an opportunity to sell more, or different kinds of, insurance or risk management services
Supply chain: Recent events show up importance of contingency plans
The significance of this aspect of risk management has been underlined by the recent disruption to travel from a volcanic ash cloud originating in Iceland
Chief risk officers: Crisis has empowered CROs to say ‘no’
While in the past the role of the risk officer has been regarded as a relatively technical one that was somewhat detached from the broader strategy of the firm, financial institutions are now taking steps to strengthen this position, as they take the responsibility of managing risk more seriously
