Welcome to a new work week my friends, Most of us will agree that our working world today and in the future is significantly more complex, volatile, chaotic, dynamic, and disruptive than at any other time in our working lives. One only needs to survey the global news reports; whether it’s discussing AI and the…
The cover (see below) of the 2023 WEF Global Risk Report, I submit is meant to deliver a clear warning, signaling a global community interconnected and “heating up” The following are some key takeaways, as I see them: In summary, and as it relates to the Caribbean, we deduce from this report that institutions, if they want…
The FTX failure has put a renewed emphasis on the value of an excellent deep dive into your people, processes, and systems (Operational Risk), And by the way, not deep dives as a post-mortem (after the risk impact) but as a “pre-mortem” (proactive and anticipatory). “These days, it is hard to know what due diligence…
“Just three days before two electrical substations were shot up, causing tens of thousands of customers to lose power in North Carolina, the federal Department of Homeland Security issued a bulletin warning “lone offenders and small groups” could be plotting attacks and that the nation’s critical infrastructure was among the possible targets”… ABC News (USA) The…
Good day folks, The “value” of Enterprise Risk Management continues to be discussed and debated in the hallways/board rooms/schools. As a risk management consultant and lecturer, it is a question I am always asked, so much so that I often refer to myself (my companies) as not only risk practitioners but also risk sales managers….
Hey colleagues, This may be me venting or projecting, but I have penned this “thesis” for sharing, but I thought I will share it with you first. It is a first draft (pen to paper) and so I am not asking/expecting agreement, but in critiquing, please apply your risk knowledge/risk intelligence. And, yes, I feel very strongly…
FTX Trading filed for Chapter 11 bankruptcy last Friday capping a sudden and startling downfall for one of the world’s largest cryptocurrency exchanges and founder and CEO Sam Bankman-Fried has resigned from the company as its CEO. Admittedly, I am no “friend” of cryptocurrency exchanges for reasons I will explain under separate cover at another…
Welcome to a new work week, my friends: Most of us will agree that our working world today and in the future is significantly more complex, volatile, chaotic dynamic, and disruptive than at any other time in our working lives. However, despite the many escalations in systemic risks, massive negative disruptions, and volatility in the environment,…
Fellow colleagues, Please check the link below and share your thoughts/answers to my questions below.This is not meant to be controversial nor am I casting any aspersions and with the greatest respect to the speakers, why aren’t any CURRENT and practicing Operational or ERM risk professionals on the list of speakers, as best as I…
Can your lotus of control affect or influence your business decision-making capability? Locus of control describes the degree to which individuals perceive that outcomes result from their own behaviors, or from forces that are external to themselves. This produces a continuum with external control at one end and internal control at the other As the environment…
