#242 – ADAPTIVE, ANTIFRAGILE, RESILIENT, OR JUST TRYING TO BE COMPLIANT – GEARY SIKICH

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Some interesting points about how organizations apply current standards such as Business Impact Analysis (Assessment) (BIA), risk assessment methodologies, compliance and planning has been written about lately.   Each author presents good arguments for their particular methodology.  Nassim Taleb created the concept of “Antifragile” because he did not feel that “resilience” adequately described the need for organizations to be ready to absorb the impact of an event and bounce back quickly.  Continue reading

#241 – CHANGING THE GAME: REPUTATION RISK IN THE CYBER ERA – GEARY SIKICH

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Merriam Webster Dictionary defines reputation as:

1a: overall quality or character as seen or judged by people in general

b: recognition by other people of some characteristic or ability has the reputation of being clever

2: a place in public esteem or regard: good name; trying to protect his reputation Continue reading

#238 – CONUNDRUM: GLOBAL WARMING – ELECTRIC DEMAND – GEARY SIKICH

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We hear so much about global warming, climate change and disruptive weather these days.  It is often difficult to understand what is fact, truth and valid from hype, hysteria, and hyperbole.  Should we all be driving electric cars, not eating as much meat, using wind and solar; redefining our lives?  Or, should we forget about it and continue doing what we have been doing since the early days of the industrial revolution?  Continue reading

#235 – BREXIT: THE UNINTENTIONAL EVOLUTION OF AN UNINTENDED ‘BLACK SWAN’ – GEARY SIKICH

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In the headlines today (11 March 2019) on Risk.net:

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#234 – ‘WHAT IS COLLATERAL RISK: AND WHY SHOULD I BE WORRIED ABOUT IT?’ – GEARY SIKICH

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Introduction

The Law Dictionary defines Collateral Risk as:

The RISK of loss arising from errors in the nature, quantity, pricing, or characteristics of COLLATERAL securing a transaction with CREDIT RISK. Institutions that actively accept and deliver collateral and are unable to manage the process accurately are susceptible to loss. A subcategory of PROCESS RISK. Continue reading