Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk.
In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses, in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more
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News and Updates
How Exposed Is Your Supply Chain to Climate Risks?
Hurricanes, tornadoes, flooding, heat waves, and wildfires — weather-related calamities have alarmed boardrooms across industries and awakened leadership teams to the high degree of financial risk posed by climate change. Executives now are asking: “How exposed is our global supply Read More …
DSCI, National Cyber Co-Ordination Centre set up National Repository Portal ‘TechSagar’
In association with Data Security Council of India (DSCI), National Cybersecurity Co-ordinator’s office has opened the first national cyber technology repository portal, TechSagar (techsagar.in). TechSagar is a consolidated and a comprehensive repository of India’s cyber-tech capabilities covering 25 technology areas Read More …
13 sentenced for insurance fraud in Hyderabad
A CBI court in Hyderabad has recently sentenced 13 people for insurance fraud. Suresh Damodar, former senior divisional manager of Oriental Insurance Company’s Secunderabad branch, and 12 others have been convicted in a criminal conspiracy and cheating case. CBI had Read More …
ONGC bags award for excellence in risk management
The Institute of Directors has recently announced ONGC as the winner of Golden Peacock Award for Risk Management for 2019. ONGC will receive the award at Singapore Global Convention on Board Leadership and Risk Management and Global Business Meet. Several Read More …
Risk Management Overtakes ESG And DEI In 2024
In George Orwell’s dystopian novel, 1984, the rulers of Oceania, a totalitarian state, enforce a language of simplified grammar and limited vocabulary meant to limit a person’s ability for critical thinking. In Orwell’s Newspeak, complex thoughts are reduced to simple terms and Read More …
FROM RISK TO OPPORTUNITY: NAVIGATING A COMPLEX ESG LANDSCAPE TO FUTURE-PROOF YOUR BUSINESS
As environmental, social and governance (ESG) issues continue to draw the attention of business leaders, it’s time the financial-services industry reframes its approach to ESG and recognizes the short- and long-term business value of developing agile ESG practices. Traditionally, corporations Read More …
4 ways banks can use data to manage fraud risk
Money laundering, automated clearing house fraud and wire transfer scams are running rampant in the banking industry. U.S. financial institutions spent more than $4.5 billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the Read More …
SEC Climate Change Rule May Reframe Risk Management and Governance
In a widely anticipated rule published March 21, the SEC is proposing to require listed companies to disclose climate-related financial risks and metrics to investors. The SEC believes that the information will help investors make decisions about how climate change may Read More …
Improve operational risk management to control frauds in Banks
It is good news that the number of frauds in banks is coming down due to improved technology-led real-time monitoring and control. According to the ministry of finance, the bank frauds during 2016-17 stood at Rs.61,229 crores which declined to Read More …