Causal Capital

Ahraf Khan has released an IMF risk management working paper on "The Role of Nonfinancial Risk Management" in central banking with major references to the ISO 31000 risk management framework. "ISO 31000 is the general standard for risk management implementation in corporate institutions. Published in 2009 it provides principles and guidelines that institutions can use to design, implement and maintain risk management processes throughout an organization. “Organization” in ter

If you are working across the securities market, investing, trading or supplying treasury services to businesses, this white paper from IOSCO is a good read from a risk management perspective. Risk registries are certainly not an uncommon feature of a typical enterprise risk management framework and so many risk managers across the planet build them. All this aside, this registry from IOSCO [LINK] will be a refreshing read because it is contextually focussed around its purpos

About a year or so ago, the Bank for International Settlements (BIS) revised its pillar 3 disclosure requirements for banks. This amendment felt as if it was a response to so many institutions disclosing disparate tripe much of the time. Today, BIS have released a new consultative document that sets out their entire vision as part of a second and hopefully final phase of facelifts for this reporting requirement. Basel Committee on Banking Supervision Pillar III Revision | BIS

Institute of Internal Auditors latest pulse brief has been subtitled "Time to move out of the comfort zone" and after a peruse of the document, it is aptly titled. This is a refreshing read for auditors in 2016 might I add and the document has been based on information the IIA has captured. The publication has a key focus on auditing cyber security which is to be expected as cyber risk is a real risk management trend at the moment. Interestingly there is also a strong overla

There are several market dynamics that when viewed together will paint a very clear forward-looking picture on the state of an economy, even the global economy can be drawn this way. The five indicators we are looking at today are: 1 Low trade volumes 2 Collapse of prices in commodities 3 Limitless growth of debt 4 A declining rate of growth for the nominal Global Gross Domestic Product 5 An inversion of the yield curve Two factors that are specifically concerning is the decl

Last year we heard from Lord King on the state of the banking system, an interesting quick bite in the Telegraph that has Mervyn King describing the banks being in a place of "not fully recovered from the Global Financial Crisis". Yesterday, Mervyn King was back at it introducing his new book "The End of Alchemy" which I look forward to reading might I add. The book is due for release later on this month and Amazon quotes it as the most important book to come out of the finan