Risk Tips issue #48: Cross-Border Data Flows

  • Mar 11, 2019
  • ITIF, Nigel Cory

Data is the lifeblood of the modern global economy. Digital trade and cross-border data flows are expected to continue to grow faster than the overall rate of global trade. Read More...

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Risk Tips Issue #47: Mitigating Privacy Risks in the Internet of Things (IoT)

  • Feb 14, 2019
  • Tech Target, Abhik Chaudhuri, CRC Press Taylor & Francis group

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Risk Tips Issue #46: Transforming the Risk function to increase its effectiveness

  • Jan 30, 2019
  • Frank Saavedra-Lim & Jose Molina of Financial Advisory Practice

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Risk Tips issue #45 on 2019 Risk Landscape

  • Jan 14, 2019
  • Dante Disparte of Risk Cooperative & Daniel Wagner of Country Risk Solution

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Risk Tips Issue #43: Managing Risks of Innovation

  • Nov 21, 2018
  • RIMAN, Wikipidea, Simplicable, NC State Universit

Innovation is an approach to change that seeks revolution over improvement. Businesses that innovate are able to leapfrog the competition by creating designs, technologies, processes, capabilities and experiences that are an order of magnitude better than the current state of the art. Read More. ......

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Risk Tips Issue # 42: People Risk Management

  • Nov 12, 2018
  • RIMAN, Cognisco, Wikipidea, Patrick McConnell, Willis

People Risk Management People Risk in an organisation refers to the costs that will arise as a consequence of things that happen to its people. People are the single most important asset in any business but they are also the most vulnerable asset. People can breakdown and suffer damage just…

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Risk Tips Issue 41: Risk Appetite in Financial Services Industry

  • Nov 06, 2018
  • RIMAN, Wikipedia, Deloitte

  Risk appetite is the level of risk that an organization is prepared to accept in pursuit of its objectives, and before action is deemed necessary to reduce the risk. While the concept of risk appetite existed before the global financial downturn, the benign economic conditions that existed at the…

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Risk Tips Issue # 33: Preparedness Towards Crisis Management Using Risk Management Plan

  • Jul 16, 2018
  • RIMAN, Wikipedia, ICM, Bizmanualz

IntroductionA crisis is an event that occurs at a specific point in time; it is usually something that is unforeseen, public in nature and has the potential to cause great harm to an organisation in terms of finances, revenues, reputation, market positioning and service delivery. Crisis Management is the process…

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Best Practices on Risk Aggregation

  • Jul 04, 2018
  • RIMAN

As part of risk and control assessment process, organisations collect a lot of information about risks at various levels across the organisations. However, it is generally difficult to aggregate the detailed information about risks at a business division or group level to create an aggregated view of operational risk exposure.…

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Risk Tips Issue # 31: Business Continuity & Disaster Recovery Planning

  • Jul 04, 2018
  • Wikipidea, RIMAN

Business continuity planning (BCP) is the creation of a strategy through the recognition of threats and risks facing a company, with an eye to ensure that personnel and assets are protected and able to function in the event of a disaster. Disaster Recovery Plan (DRP) is a business plan that…

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Basel Committee issues technical amendment to the Net Stable Funding Ratio

  • Jul 04, 2018
  • BIS, RIMAN

The Basel Committee on Banking Supervision has approved a technical amendment which is related to the treatment of extraordinary monetary policy operations in the Net Stable Funding Ratio (NFSR). Effective immediately, this amendment to the NSFR standard allows reduced required stable funding factors for central bank claims with a maturity of more…

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18th Annual Conference 2018 Slides

  • Jul 03, 2018
  • RIMAN

Kindly find the download link to the presentation slides for the 18th Annual Conference.  Download here

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Risk Tips Issue # 25: Outsourcing Risk

  • Jun 28, 2018
  • RIMAN, Deloitte, Wall Street Journal

Outsourcing is "an agreement in which one company contracts-out a part of existing internal activity to another company. It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party. Outsourcing makes it…

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Risk Tips Issue # 24: Regulatory Risk

  • Feb 09, 2018
  • RIMAN, Boston Consulting Group, RiskNet

To many Risk Practitioners, the landmark regulations of the post-crisis era – the overhaul of the capital adequacy framework, widespread market structure reforms, far-reaching changes to accounting practices – represent a laundry list of potential Operational Risks for their institution. Fines and penalties for non-compliance, the restructuring of desks and…

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Risk Tips Issue #23: Managing Market Risk in 2018

  • Feb 09, 2018
  • CNBC, UBS Wealth Management, RIMAN

Investors can expect a year of respectable economic growth, higher corporate profits, and rising equity markets, but risks are also rising along with these record highs. Risks stemming from government balance sheet pressures and liquidity stress as well as external imbalances remain elevated, while domestic political tensions increase policy uncertainty…

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Quick Pick

Risk of Fuel Tanker Fire

Mitigation Strategies

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ABUJA Q4 2018 QUARTERLY RISK ROUND-TABLE

Risk Management Association of Nigeria (RIMAN) in collaboration with the National Pension Commission (PENCOM) is organising a risk round table in Abuja to discuss the challenges of risk management, pension risk management as well as regulatory risk in the financial Institutions. As usual, the programme will be a gathering of…

Meet the first set of Certified Risk Managers (CRMs) in Nigeria

The pioneer industry recognised professional examination in risk management which is jointly run by two foremost professional bodies in Nigeria , Risk Management Association of Nigeria (RIMAN) and The Chartered Institute of Bankers of Nigeria  (CIBN) recently produced the first set of Certified Risk Managers in the Country.  They are…