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Monday, July 21, 2014

Risk Appetite In Operations

Assessing and measuring risk appetite away from an investment portfolio is perhaps one of the most difficult risk management initiatives practitioners have to entertain, it is also discussed often on risk forums and written about avidly by many consulting firms.  Yet, very few subject matter experts actually delve into the semantics required to measure risk appetite and this is kind of frustrating. I personally have plenty of clients that have expressed their sentiments around how difficult the entire risk appetite program is and many managers out there struggle to take this important aspect of risk management to completion.

In this article we release a white paper that steps through the entire process of measuring and assessing risk appetite, dealing with the numbers specifically rather than just top level summaries and catch phrases on what risk appetite is.

Monday, July 7, 2014

The Near Miss

In section 2.17 of the ISO 31000 standard, an event without consequences but an event all the same can be classified as a "near miss", "near hit" or "close call". Yesterday morning at Barcelona airport did such an event take place?