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“The SEC roars like a mouse and bites like a flea.”
         – Harry Markopolos
OPUS 2010 keynote speaker, independent financial fraud investigator and Madoff whistleblower Harry Markopolos will release his exclusive story “No One Would Listen: A True Financial Thriller” on March 2. Â
The book, which will be made available to all OPUS 2010 attendees, describes [...]
If you’re involved in developing, enhancing or monitoring your company’s risk management activities, you probably know that “risk” and associated terms are used very differently by different people. This too often is the case throughout an organization, right up to the board level. Indeed, experience shows that senior managements and boards think they’re talking the [...]
[Read More]Rounding out the 2010 GRC Wish List at #10 is “Increased Agility to Respond to New/Changes in Regulations.” While there’s a lot of talk about regulatory reform, and Gordon Burnes noted that “Regulatory Clarity” was #1 on the 2010 GRC Wish List, we may be getting closer to actual regulation this year.
President Obama, in his [...]
One of the key themes that developed during 2009 was that risk management is more crucial than ever to organizations, and failing to deal with it is not an option. Companies are seeking ways to gain a more complete picture of risk, assess exposures across business lines and aggregate these into a firm-wide view. Collaboration [...]
[Read More]If nothing else, the financial crisis of 2008 has driven home the need to improve reporting to the organization regarding risk posture and exposure. As we look to 2010 and beyond, risk and compliance processes will no doubt evolve to meet changing business and regulatory requirements. Coming in at #8 on the 2010 GRC Wish List is “Strong [...]
[Read More]While industry experts predict that overall IT spending may be flat or down next year, a recent poll by OpenPages found that over 89% of respondents believe investments in GRC technology will increase or at least remain the same in 2010. If this stands true, there may be new opportunities for risk managers – possibly [...]
[Read More]It seems we can’t pick up a newspaper today without seeing another story on top management compensation, and its role in the near financial system meltdown. As Congress and the Administration wrestle with regulatory reform, fingers continue to point at CEOs and other senior executives who reaped huge rewards for taking what are deemed to [...]
[Read More]“Better Collaboration with the Business” was in the #2 spot on our 2010 GRC Wish List and it talked about the need to embed risk management within the business by incorporating risk management practices into everyday business processes. Business line managers should be making risk-based decisions. But this requires them to be able to use [...]
[Read More]During the past decade, many significant events occurred that placed greater demands on how companies manage their risks. At the beginning of the decade, we experienced the financial downturn associated with the bursting of the high tech/internet bubble. Then, we had the after effects of the September 11th terrorist attacks. Corporate accounting scandals at Enron [...]
[Read More]One of the common themes we’ve heard from customers and prospects is that the lack of data quality and availability is a huge barrier to strengthening risk management. Many of the risk managers we work with frequently cite a lack of clean, high-quality data as one of the biggest inhibitors to achieving their risk management [...]
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