Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The internet, data science, and digital technologies have both dark and bright sides. The internet was originally created to be a data commons where digital material could be accessed freely, shared, and integrated, but today it can be a magnet Read More …
In today’s uncertain times, credit risk managers are under increasing pressure to provide robust, forward-looking insights on counterparties. Fitch Solutions explores the key pain points in the process and crucial steps to improving data quality As financial institutions grapple with Read More …
New fraud cases and scams are increasing faster than ever. Over 70% of finance professionals reported that their institution suffered from payment attacks in 2021. Consumers alone lost $5.8 billion to scams. As a result, financial institutions (FIs) have found themselves facing new anti-fraud Read More …
Risk management vs. risk orchestration The analytical, data-rich world of technology and finance remains in stark contrast to less linear, creative fields like art and music. However, a musical analogy can help illustrate the fundamental difference between risk management and Read More …
Without this, efforts to manage and optimise risk will be futile Before embarking on the development of a risk management framework, an organisation’s tolerance levels must be agreed upon and operationalised, so that the Board’s risk appetite is effectively executed. Read More …
Financial institutions worldwide are actively studying ways they can integrate climate risk management into their more traditional risk frameworks Conscious that climate change affects all sectors of the economy, financial institutions are realising the significant impact this will have on their Read More …
The story of cybersecurity is a constant progression of new ways to defeat new threats, from thought experiments to mainstream best practices. It started with the earliest antivirus software, which began as an experiment and progressed to being a necessity. More recently, Read More …
Banks and regulators wake up to climate risks For banks, the transformation begins now. Those that fail to navigate the path to a low-carbon economy could be slapped with billions of dollars in fines and settlements, warned Stuart Lewis, group Read More …
Effective governance is not easy, and neither is it well understood. Governance, however, is fundamental to the viability of any organisation. It determines the effectiveness of the functions that underpin the very purpose of that organisation, covers how decisions are Read More …
Merger and acquisition (M&A) activity hit a record high in 2021 of more than $5 trillion in global volume. While the market has certainly slowed this year, it remains on par with pre-pandemic levels — quite a feat at a time of business uncertainty Read More …