Internal Control System


Compliance index model

Compliance: A matter of culture

RiskNET [Editor-in-chief]23.03.2018, 13:54

Compliance measures result in costs but do they also have a benefit? It's difficult to assess the success of measures. It tends to arise – if at all – after a delay and the contribution made to...


Global Risks 2018

World Enters Critical Period of Intensified Risks in 2018

RiskNET [Editor-in-chief]22.01.2018, 16:14

The prospect of strong economic growth in 2018 presents leaders with a golden opportunity to address signs of severe weakness in many of the complex systems that underpin our world, such as...

Photo Gallery

RiskNET Summit 2017

Future risk management

RiskNET [Editor-in-chief]12.12.2017, 20:30

Cyber hazards, sabotage, data theft, FinTechs, separatist movements, economic and geopolitical risks. The range of risks for all industries – and particularly for the financial sector – is wide and...


Influence of 'risk talk'

RiskTalk: can a better conversation help fend off disaster?

Anette Mikes27.10.2017, 21:38

We often respond to blunders such as the explosion on BP's Deepwater Horizon, the collapse of Lehman Brothers, and the Volkswagen emissions scandal by asking: What were they thinking? But before we...


Staying in the comfort zone as a risk

More speed – less risk

RiskNET [Editor-in-chief]22.05.2017, 18:25

Dealing with risks, making decisions, taking on leadership roles, cooperating in a team, setting objectives, showing persistence and maybe sometimes the courage to turn back – these are all...


Digitalisation, cyber security, disruptive innovations

Risks in the age of digital bank counters

RiskNET [Editor-in-chief]03.04.2017, 22:51

Digitalisation, cyber security, disruptive innovations and new business models – the banking world has a lot of issues to deal with. Traditional banks in particular are having to reconsider their...


Statistics and Intuition

Quantitative methods are powerful instruments

RiskNET [Editor-in-chief]09.03.2017, 10:35

It is not just risk managers who occasionally confuse correlation with causality, neglect variability and sampling error or multiply the probability of occurrence by the extent of loss and forget...


Risk Governance

Complexity, self-reinforcement, real time, tsunami

RiskNET [Editor-in-chief]07.02.2017, 09:20

A look at current practice often reveals a dilemma in traditional risk management in companies. On the operational side of a business we find more mechanistic risk management – using standardized...


Cyber security

We need a new systemic approach

RiskNET [Editor-in-chief]29.06.2016, 15:14

Everyone is talking about Industry 4.0 and digitalisation. Up and down the country, the business community, lobby groups and politicians are excited about the issue. The basic tone is that anyone who...


2016 FM Global Resilience Index

Lower Oil Prices and Threat of Terrorism Impacting Global Supply Chain Resilience

RiskNET [Editor-in-chief]16.05.2016, 15:29

Supply chain resilience is vital to robust business performance. Threats to resilience—such as depressed oil prices, natural catastrophes and the spread of terrorism—are keeping financial executives...


Interview with Prof. Paul Embrechts, ETH Zürich

The complexity of Operational Risk

RiskNET [Editor-in-chief]29.04.2016, 07:50

Operational risks and reputation risks play an increasingly important role in the financial sector and the real economy. But from a methodological perspective these risks – which often relate to very...


Interview with Prof. Matthias Müller-Reichart

Solvency II as conditio sine qua non in the insurance industry

RiskNET [Editor-in-chief]14.04.2016, 08:00

After years of preparatory work, a new, uniform supervisory system for the European insurance industry came into existence on 1st January, 2016. Solvency II represents a new quantitative and...


Governance, Risk and Compliance

Non-compliance destroys value contribution

RiskNET [Editor-in-chief]23.02.2016, 17:26

A look at the media tells you a great deal about the "soul of compliance". Management misconduct is a hot topic, whether it is in the automotive sector, banking or the pharmaceutical...


In an Uncertain World, We Need Both Brains and Guts

The Art of Good Decision Making

Prof. Dr. Wolfgang Gaissmaier20.01.2016, 09:39

"In this world nothing can be said to be certain, except death and taxes," wrote the US statesman Benjamin Franklin in 1789, on the eve of the French Revolution. And his words are still...


Benefits and Risks of the New Insurance Regulation

Solvency II at the Gates

Prof. Dr. Helmut Gründl15.01.2016, 09:15

Investors and insurance policyholders are often confronted with complex products and providers’ opaque organisational structures. At the same time, the possibility that their claims will not be...

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