The Caribbean is vulnerable to hurricanes, earthquakes, and other natural disasters.
One would think that Businesses/Islands in the Caribbean, at least many of them, may have thought that COVID-19 “educated” decision-makers on the need to build a resilience component into their Risk Management frameworks. Still, many of them may have failed to do so. That said, even the best of plans can be disrupted. As Mike Tyson once…
Hurricane Beryl has now passed through the Caribbean, leaving a trail of death and destruction. Yet, amidst this devastation, we witness the unwavering “resilience” of those islands and individuals who have suffered. Our hearts go out to them. In the wake of Hurricane Beryl, the pressing question is: what’s the next step? The Caribbean Risk Management Academy (CRMA) was set…
Given the possible impact/effects of a Solar Storm that parts of the world are experiencing, especially in parts of the United States, including my home state of Florida, should these be considered part of your business impact analysis (BIA) as a larger part of your Business Continuity plans and your enterprise risk management framework? (low probability/high impact)…
“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…
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…
New Zealand is the first country in the world to make climate risk reporting MANDATORY for financial institutions. Under new legislation announced [in September 2020], large financial institutions need to report annually on governance, risk management, and strategies for mitigating climate change impacts. [Visit www.afr.com for full story] This is relevant to us because, the…
