Synopsis The Reserve Bank of India (RBI) updated its “guidance note” on operational risk management for the financial sector, extending it to include NBFCs and housing finance companies. The note highlights that operational disruptions can threaten the viability of regulated Read More …
Author: RMA INDIA
RBI updates guidance note on operational risk management, extends it to NBFCs
Embedding ESG-related risks into Solvency II assessments
With ESG increasingly at the forefront of strategic ambitions and regulatory compliance, risk managers in the in the insurance sector are being challenged to more deeply integrate climate-related risks into their risk models. Nihat Mammadli from RiskSphere outlines why and Read More …
Latest Trends in Enterprise Risk Management (ERM) for 2024
Integration with Digital Transformation As enterprises continue to evolve digitally, risk management is increasingly being integrated with digital transformation efforts. The adoption of technology-driven governance, risk, and compliance (GRC) solutions is becoming central to ERM strategies. This helps organizations to Read More …
Amazon partners with AXA to develop global risk management platform
Amazon Web Services (AWS) and AXA have collaborated to build a digital commercial platform (DCP) and associated software services. AXA DCP is a secure risk management platform that combines industry, business and environmental data with geospatial analytics and generative AI Read More …
Managing Third-Party Risks Emerges as Key B2B Issue
The B2B landscape is built atop trusted relationships, both formal and informal. These relationships can include partnerships and collaborations with third-party vendors, suppliers, contractors, service providers and more; and while these relationships can offer numerous benefits such as cost savings, Read More …
Lloyds to cut jobs in risk management after finding it was a ‘blocker’ to transformation progress
Lloyds Banking Group is preparing to axe roles in its risk management division after finding that it was a “blocker” to the company’s transformation strategy. The group’s chief risk officer Stephen Shelley said in a memo last month that it was Read More …
How to integrate ESG risks into the enterprise’s overall Risk Management
Integrating sustainability into company core operations and strategy remains a challenge, and one way to overcome this is to infuse these issues into enterprise risk management workflows Convergence of sustainability frameworks and standards is driving global consistency in environmental, social Read More …
Health & safety tops list of risks for D&O
Health & safety has emerged as the top risk for directors and officers according to the 2024 Global Directors’ and Officers’ Survey Report from WTW and Clyde & Co. And according to the survey a notable portion of respondents are exploring or Read More …
Aon launches new climate risk tool
Aon has launched its Climate Risk Monitor, a new tool that it says helps clients visualise and understand their exposures to physical climate risk in order to enable better business decisions. According to Aon the property insurance market is increasingly Read More …
Is 2024 a major turning point for risk?
Howden on how a slew of high-profile elections affect the landscape Is the current year a major turning point for risk? If trends such as important elections, economic uncertainty, and an uptick in violent conflicts are to be believed, then Read More …