Risk Management

Up to now, we have always used the D-assessment in the process FMEA to evaluate the ability of one or more detection actions to detect a cause or its effects in time. From our (German) point of…

Safety of medical devices and risk management are two of the central demands of the legal requirements for manufacturers of medical devices in Europe. In the new EU Medical Devices Regulation…

Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a…

Easing the burden on banks in the Corona crisis so that the economy remains liquid is the declared goal that the European Central Bank (ECB), as the central supervisor in the Single Supervisory…

A trio of Covid-19 related risks heads up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic.…

In front of the hip hop stage of the open air festival „Rheinkultur“ the atmosphere was aggressive. Various incidents, especially physical clashes between rival youths, had already occurred. When…

The P-Diagram is frequently used when asking questions about supporting tools during the use of quality tools. In addition to the confusion about the abbreviation "P", it is often named the…

"If the ship is on the wrong course, it is not enough to change the captain – you have to change the course." The scenario described by the Czech writer Pavel Kosorin is a reflection for many…

The digital revolution is advancing. Technological developments are rapid and are changing the way we get information and communicate. In the age of digitalisation, it's only right that the ninth…

Artificial intelligence (AI) and increasingly complex algorithms currently influence our livesand our civilization more than ever. AI creates huge opportunities for businesses globally across all…

What direction is mobility developing in? What cyber risks are lying in wait for companies? Are radical trends contributing to increasing division in society? What risks are caused by increasing…

Climate change poses new challenges to central banks, regulators and supervisors. A new book, published by the BIS (Bank for International Settlements), reviews ways of addressing these new risks…

Although the world's 7.6 billion people represent only 0.01% of all living things by weight, humanity has already caused the loss of 83% of all wild mammals and half of all plants. The current…

Supply chain risk management company Resilience360 has released its first annual Risk Report, which outlines the Top 10 Supply Chain Risks for 2019 – a summary of threats that deserve particular…

When natural disaster catches a company under-prepared, the chief financial officer is increasingly on the hot seat to break the bad financial news to shareholders and investors.

That according…

Total global economic losses from natural and man-made disasters in 2017 were USD 337 billion, almost double the losses in 2016 and the second highest on record, the latest sigma study from the…

Samsung recalled 2.5 million Galaxy Note 7 phones after users reported flames and explosions caused by overheating batteries (estimated cost: $5bn+). Automaker, Toyota issued a recall on over…

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…