Internal Control System

The world's ability to foster collective action in the face of urgent major crises has reached crisis levels, with worsening international relations hindering action across a growing array of…

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…

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…

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…

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…

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 and new business models – the banking world has a lot of issues to deal with. Traditional banks in particular are having to reconsider their…

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…

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…

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…