Enterprise Risk Management at Asian Banks: FROM CHALLENGES TO STRATEGIES An Executive White Paper by James Lam Senior Advisor‚ Asia Risk Management Institute (ARMI) January 2007 A Letter from James Lam Dear Colleague‚ “It was the best of times‚ it was the worst of times‚” the opening sentence of A Tale of Two Cities‚ by Charles Dickens‚ perhaps best captures the current state of risk management at Asian banks. Supported by strong capital positions‚ Asian banks are well poised to play
Premium Risk management
The 7 essentials of business communication There are many ways to communicate‚ but for it to be effective the message must be given and understood clearly. There are many varieties of communicating e.g. * One way communication from sender to receiver. * two way communication from sender to receiver‚ receiver feeding back to sender‚ consists of meetings and interviews etc‚ * Informal communication is casual meetings and party’s etc. * Open communication which requires no specialist
Premium Communication Nonverbal communication Graphic communication
Enterprise risk management (ERM) is the process of planning‚ organizing‚ leading‚ and controlling the activities of an organization in order to minimize the effects of risk on an organization’s capital and earnings. Enterprise risk management expands the process to include not just risks associated with accidental losses‚ but also financial‚ strategic‚ operational‚ and other risks. In order to understand how enterprise risk management functions‚ one must understand the fundamentals of risk and
Premium Management Risk Investment
How would you apply the 7 essential health skills that need to be mastered to form a strong foundation for your health? There are 7 essential skills that need to be mastered in order to form a healthy lifestyle but I’m only going to talk about 6. Analyzing influences‚ accessing information‚ goal setting‚ decision making‚ advocacy and interpersonal communication are the essential skills needed to form a healthy lifestyle. Analyzing influences by noticing the good and bad influences in your
Premium Medicine Health care Drug addiction
TABLE OF CONTENT 1. Introduction ..............................3 2. The essential elements of partnership …………………..4 3. Bibliography ……………...…..13 4. Table of Cases ………………....13 Introduction The partnership as a form of business enterprise developed from the concept that if two of more individual owners joined forces a stronger entity would develop because they would then have at their disposal their combined resources‚ financial
Premium Partnership Joint and several liability Profit
Enterprise Risk Management is defined as “the process of identifying and analyzing risk from an integrated‚ company-wide perspective. It is a structured and disciplined approach in aligning strategy‚ processes‚ people‚ technology and knowledge with a purpose of evaluating and managing the uncertainties the enterprise faces as it creates value” (Woon‚ Azizan‚ & Samad‚ 2011‚ p. 23). Had Non-Linear Pro utilized Enterprise Risk Management‚ the company would have been able to reduce their liability
Premium Management Sales Enterprise risk management
in 1998. Therefore‚ Ontario Hydro was forced to reconstruct into Hydro One and the other organizations (Mikes‚ page 1). The Hydro One management team shifted a strategy focusing on “ consumer-focused service” attitude contained cost cutting‚ enterprise risk management‚ performance management‚ and strategic planning (Mikes‚ page 2). As a result of new “customer –focused service” strategy‚ Hydro one acquired customer satisfaction from 42% in 2002 to 86% in 2006 (Mikes‚ page 3). Additionally‚ the
Premium Risk management Management Risk assessment
Six Essential Elements of Enforceable Contracts Business Law I 311 Contracts are used in many different forms and for just as many different situations within our everyday lives. Some contracts are more involved than others and for some; contracts are an essential of their success. As we continue‚ we will take a look at different types of contracts with the main focus on enforceable contracts. With so many elements that are incorporated into any contract‚ the six essential elements of enforceable
Premium Contract
anaccepted proposal. The two elements of an agreement are: 1: - Offer of a proposal. 2: - An acceptance of that offer or proposal. What agreement are contracts? All agreements are not studied under the Indian Contract Act‚ assome of them are not contracts. The Contract Act is the law of thoseagreements‚ which create obligations‚ and in case of a breech of a promise byone party to the agreement‚ the other has a legal remedy. Thus‚ a contract consists of two elements‚ 1.An agreement 2.Legal
Premium Contract
The essential elements of critical thoughts are immediate action‚ in a sense. For example‚ split second thoughts of law enforcement officials. Constantly‚ in life or death situations‚ law enforcement officials are in immediate action through critical thought although
Premium Management Scientific method Critical thinking