Risk-based performancehttp://www.riskbasedperformance.com/about-risk-based-performance/en-GB2010-03-11T19:10:47ZSquarespace Site Server v5.9.2 (http://www.squarespace.com/)Institute of Operational Risk launches first sound practice guidance paper – Risk Appetitehttp://www.riskbasedperformance.com/about-risk-based-performance/2010/2/17/institute-of-operational-risk-launches-first-sound-practice.htmlAndrew Smart2010-02-17T17:39:33ZRisk AppetiteThe Institute of Operational Risk has launched the first of a series of sound practice guidance papers. This first paper is on the topic of Risk Appetite.

Click here to download the paper.

Click here to go to the website.

]]>FSA signals a more intensive supervision regimehttp://www.riskbasedperformance.com/about-risk-based-performance/2010/2/13/fsa-signals-a-more-intensive-supervision-regime.htmlAndrew Smart2010-02-13T10:02:00ZFSAWith the announcement of its funding requirements for 2010/11, the FSA has sent a clear signal, if one was needed, that there is now a more intensive supervision regime in part.

The FSA defined the key areas where it will focus its work as:

  • Continuing to deliver intensive and intrusive supervision
  • The delivery of the credible deterrence philosophy which is central to the FSA’s supervisory approach
  • The policy reform programme, driven by the Turner Review, which forms the FSA’s response to the financial crisis and covers critical issues such as reforms to liquidity and capital regimes, and
  • Ensuring delivery of the wider policy agenda mandated by the European Union. This includes Solvency 2, the review of the capital adequacy regime for the European insurance industry, and the largest project undertaken by the FSA.

Hector Sants, FSA chief executive, said: “The way the FSA regulates has changed radically, both in approach and intensity over the last three years.

Click here for details

]]>Risk-based performance three pillars modelhttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/31/risk-based-performance-three-pillars-model.htmlAndrew Smart2010-01-31T23:00:37ZRisk-based performanceThe Risk-based performance three pillars model is now available. This model follows a familiar structure - Principles, Framework and Process.

Principles

  1. Begin with strategy, integrating performance and risk management
  2. Set the tone to enable and sustain the right culture
  3. Manage the relationship between performance, risk and controls
  4. Combine hard numbers with expert knowledge & judgement
  5. Align the change agenda (run, change & transform)
  6. Embed accountabilities and responsibilities – execution is a team game
  7. Continually monitor, review and improve
]]>Updated Risk-based performance overviewhttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/31/updated-risk-based-performance-overview.htmlAndrew Smart2010-01-31T21:42:30ZRisk-based performanceRecently I updated some of the Risk-based performance material in preparation for one of our training courses.

I developed an overview process which captures all aspects of the Risk-based performance methodology and demonstrates how it supports sustainable strategic execution.

 

image

Comments and questions most welcome.

]]>A Risk Top 10 for 2010 from CFO.comhttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/26/a-risk-top-10-for-2010-from-cfocom.htmlAndrew Smart2010-01-26T16:00:26ZLinking performance and risk Operational Risk StrategyThe results of a new survey by the Corporate Executive Board (CEB) highlights the “risk hotspots” for 2010. There appears to be a shift taking place, one which focuses on the link between strategy and risk.

"For the past two years, executives have been in a more defensive posture, but this year they are thinking about how to set the company up for success in the future," says Kate Guerra, CEB's research director.

The list of top 10 risks are a below and the full story is available here

1. Strategic change management
2. Capacity
3. Incentive plans
4. Human resources
5. Fraud
6. Innovation/R&D
7. Third-party relationships
8. Shared services
9. Inflation/Deflation
10. Tax management

Full story

Corporate Executive Board

]]>Leveraging SharePoint for Risk Management webinarhttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/21/leveraging-sharepoint-for-risk-management-webinar.htmlAndrew Smart2010-01-21T13:43:49ZBalanced Scorecard Manigent webinar Risk-based performance Strategy Strategy map StratexPointManigent is running a webinar on February 10th at 15:00 exploring how SharePoint can be leveraged to support enterprise-wide risk management initiatives.

During the webinar Manigent will be demonstrating its unique Strategy, Performance and Risk Management solution, StratexPoint. This solution is designed to support the Risk-based performance methodology and other widely used performance and risk frameworks.

Click here for more details

]]>Risk Management, Compliance and the Balanced Scorecard webinarhttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/21/risk-management-compliance-and-the-balanced-scorecard.htmlAndrew Smart2010-01-21T13:18:01ZBalanced Scorecard Manigent webinar Risk-based performanceManigent is running a webinar on February 9th at 15:00 addressing the integration and alignment of Risk Management, Compliance and the Balanced Scorecard.

Risk-based performance is the framework that brings these disciplines together into a single framework. Join the webinar and hear our latest insights and thinking.

Click here for more details

]]>Top 10 articles of 2009 - Mckinsey Quarterly - (Premium membership maybe required)http://www.riskbasedperformance.com/about-risk-based-performance/2010/1/9/top-10-articles-of-2009-mckinsey-quarterly-premium-membershi.htmlAndrew Smart2010-01-09T16:10:00ZMckinsey quarterly1. Leadership lessons for hard times
A series of interviews with 14 CEOs and chairmen of major companies sheds light on the foundations of corporate leadership.

2. Five trends that will shape business technology in 2009
The year 2009 will be challenging for CIOs. Here’s how to play your hand

3. A better way to fix the banks
Here’s a plan that could solve the toxic-asset pricing problem voluntarily—without requiring Uncle Sam to nationalize the whole industry—and make (pretty much) everyone a winner.

]]>Risk-based performance training workshops – 2010 dateshttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/4/risk-based-performance-training-workshops-2010-dates.htmlAndrew Smart2010-01-04T10:08:00ZTrainingManigent, in conjunction with Unicom, will be holding public Risk-based performance training workshops on the following dates:

Friday, February 26, 2010, London 
Wednesday, April 21, 2010, London 
Wednesday, June 16, 2010, London 
Wednesday, September 22, 2010, London 
Wednesday, November 17, 2010, London

During this workshop participants will gain insights into the Risk-based performance methodology, touching on aspects of the Balanced Scorecard, Risk Management and Compliance.

Click here for more information and to register.

]]>BS31100 (and ISO 31000:2009) training workshops – 2010 dateshttp://www.riskbasedperformance.com/about-risk-based-performance/2010/1/4/bs31100-and-iso-310002009-training-workshops-2010-dates.htmlAndrew Smart2010-01-04T09:21:00ZBS31100 ISO 31000:2009 TrainingManigent, in conjunction with Unicom, will be holding public BS31100 training workshops on the following dates:

Monday, February 22, 2010, London 
Thursday, April 22, 2010, London 
Thursday, June 17, 2010, London 
Thursday, September 23, 2010, London 
Thursday, November 18, 2010, London 

During this workshop participants will gain insights into the BS31100 Risk Management standard. Additionally, this workshop will touch on the recently released ISO 31000:2009 Risk Management standard.

Click here for more information and to register.

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