In the ever-evolving landscape of business, risk is not a static concept; it’s dynamic, multifaceted, and omnipresent. To thrive in this environment, organizations must adopt a proactive approach to managing risks. This is where Enterprise Risk Management (ERM) comes into play. ERM isn’t just about mitigating risks; it’s about strategically identifying, assessing, and leveraging risks […]
In my previous article, I discussed the Case for Enterprise Risk Management (ERM) to an organisation. But how does it in turn add value to stakeholders, including employees, customers, suppliers, shareholders, regulators etc.? In essence, it makes it easier to do their jobs, provides protection, creates opportunity, promotes good governance and creates transparency. Here are […]
As the saying goes, the only constant is change. Which is particularly true of current times – from disruptive technological advancements (e.g. AI, Blockchain, ESG initiatives) to ever-evolving legal or regulatory changes (e.g. privacy, tax, capital) and unforeseen global crises or looming recessions. Organisations face a variety of risks that can threaten their viability and […]
Climate risk is a transversal risk that can impact all traditional categories of risk that we are familiar with. It can and should be incorporated into Enterprise Risk Management (ERM). This includes risk governance, strategy, assessment, review, monitoring and reporting. We must consider climate risk at nearly every stage from product conception and approval to […]
In the previous article, I wrote about the definitions of Sustainability and ESG as well as their origins. In this article, I will dive into Climate Change, the driver behind sustainability and ESG efforts, its importance, causes and our responses from policies and accords to what to expect from COP28. If Climate refers to the […]
What is Sustainability? There are many definitions but in essence Sustainability is humanity meeting its current needs without overburdening the natural environment or future generations. It’s important to recognise that sustainability is not just about climate. Where did it originate from? The concept of sustainability traces its roots to actions in the 1970s and 1980s. […]
Culture and Conduct as a combined topic is not just important to regulators but also to banking leaders. The 2022 KPMG Banking CEO Survey revealed that internal unethical culture was the second highest risk CEOs surveyed were worried about, with 32% of the vote, behind only Credit Risk at 33%. Setting the Stage It is […]
