RISK is a four letter word and been fancied these days. Everyone knows about risk and every firm is accompanied has best process, best standards, best people till the time an incident or big impact is not been made.
The recent example of fine imposed by the US authorities on various Investment banks like BNP PARIBAS SA, BANK OF AMERICA, RBS, HSBC, STAN CHARTED, ING, J.P. MORGAN are some of the examples of the above. Corporate are heavily investing in the compliance and in the risk management department but they forget to invest on the employees.
Risk management has become a key function in almost every large company, but all too frequently it makes an organization so risk-averse that initiative and innovation become paralyzed. Continue reading “Risk Management should be an Integral part of Corporate Culture”
Well, its bit old actually, but it is still good:
Safety is a product, not a process.
It is being said in the industrial accident context. I’ll let the Ranter explain! through his blog.
In general, effective safety measures are usually something you do, and scattering costly “devices” around an unchanged process is a classic failure mode. Not least because they might instil a false sense of safety and lead people to take risks… Continue reading “RISK MANAGEMENT”
It is astonishing to think that anyone involved in this mess thought that the big investmentfirms would help them come
up with “creative financing” to resolve their budget issues. If only they’d had a helpful guideline, a set of rules for dealing with the sharks on Wall Street.
“The Inviolable Rules for Dealing with Wall Street”:
1. Reward is always relative to risk: If any product or investment sounds as if it Continue reading “Dealing with Sharks on the Street : WALL STREET”