focusfriends.net RSS feed http://q.focusfriends.net Mon, 05 Jan 2009 17:13:51 FeedCentral 1.0 http://q.focusfriends.net Feed provided by focusfriends.net http://a.assetdeli.com/asset/bb4bf81e259bb55b9d9c41a52ada655a/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F11%2F11%2Fsupporting-operational-risk-management-using-a-group-support-system%2F

]]>Original article written by Dr. Jürgen H. M. van Grinsven & Ir. Henk de Vries. Dr. Jürgen H. M. van Grinsven is the author of Improving operational risk management,  more info here INTRODUCTION Over the past years, various Group Support Systems (GSS) ... Tue, 11 Nov 2008 13:04:26 14c4c5e528e577fb51a6efc93846029f http://a.assetdeli.com/asset/815c0777b99668397bec64a2aae675f6/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F09%2F29%2Fcredit-crisis-bankparade-interactive%2F Now credit crisis events are spreading to Europe an update of the extensive credit crisis overview was necessary. Follow this link to the guided analysis for an interactive experience or follow this link for a graphical view on the crisis. Investors ... Mon, 29 Sep 2008 14:55:14 21af1a6a0001ee69f86862adb2c96341 http://a.assetdeli.com/asset/66e1a7dd42d75d4de3460d9c80bb677d/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F09%2F16%2Fmerrill-take-over-by-bofa-an-informed-decision%2F Yesterday I expressed my concerns regarding the rational behind the take-over of Merrill Lynch. Today several commentators are wondering why BofA is willing to pay much more than the market value. It seems obvious there is more to it than the public ... Tue, 16 Sep 2008 14:00:52 fcebdf1ee7c788ea7605cb7e6a2c957b http://a.assetdeli.com/asset/06b6fc8df5dcb0699afd186e0fbc8233/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F09%2F15%2Flehman-and-merrill-update%2F Today I quickly added the last important credit crisis events to the guided analysis. Merrill was never a surprise for me and I hope for the people of the Bank of America the board really reviewed this "merger" in detail. It will be difficult to understand ... Mon, 15 Sep 2008 13:57:52 183d8c5c1714f27854e38e662e5a8cf1 http://a.assetdeli.com/asset/d840c2b5914e978134e340d1aebe7c02/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F09%2F08%2Fdutch-insurance-sharks-surrender%2F Although there is plenty of water surrounding the Netherlands you will not find any sharks there. The sharks surfaced several years ago in the Dutch insurance world. These insurance sharks sold over thousand different investment products promising high ... Mon, 08 Sep 2008 16:00:24 9b73d0a796a267e4c4a395e541703210 http://a.assetdeli.com/asset/18bd982ecbeaea6c49f13ff363e1d225/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F09%2F07%2Ffannie-mae-and-freddie-mac-history%2F This sunday will become in retrospect a remarkable financial date. The American government takes over control of two financial companies and replaces their CEO's. The intention is to calm down the US financial market. The intervention signals great concerns ... Sun, 07 Sep 2008 15:58:43 9b00c57a39fe78abc0e57885e940e4cf http://a.assetdeli.com/asset/5070d1998c79c697e404950bb793e63e/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F08%2F28%2Freporting-key-risk-indicators-what-to-select%2F Introduction In the previous article with regard to the reporting of key risk indicators, the importance of a structured approach towards selection of KRI's was explained. It also explained why an solid information infrastructure is a prerequisite of ... Thu, 28 Aug 2008 05:46:53 91817f8e92d1b88b4275af504ed43344 http://a.assetdeli.com/asset/03d0f3bc721dd9ab2627d899f3fb13fa/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F27%2Foops-somebody-just-lost-6-billion-dollars%2F No, this is not an item on Societe General, although there are definitely similarities. Can you make a guess which company caught my attention? When you think of Kervel do you automatically make the association with Wurz? This week started with hope ... Sun, 27 Jul 2008 17:58:17 ee719baae1ee101d780a9a792b48459d http://a.assetdeli.com/asset/ca492599e8320c80ce3dcb0a3b44a17c/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F18%2Fcredit-crisis-regulators-total-failure%2F When you track the credit crisis it is impossible to ignore the total failure of the supervising authorities. These regulators are there to ensure financial institutions remain within the boundaries of law and balance earning money with servicing investors ... Fri, 18 Jul 2008 18:22:47 a73e3d683f47cf6affbdf6a173efd4c9 http://a.assetdeli.com/asset/cb728be025debad43ae5d5e74da1c739/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F12%2Fimplementing-enterprise-risk-management-part-1%2F Implementing Enterprise Risk Management (ERM) is becoming one of the activities that gets more and more priority in the financial world. I will share my own experience with the implementation of ERM. The first part is about added value of ERM so you ... Sat, 12 Jul 2008 14:12:35 100f668772c070d5bfb2025950025f9d http://a.assetdeli.com/asset/53cdebe891a4249505a549db0bae68c0/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F10%2Fbankparade-ultimate-showing-375-subprime-events%2F One year of subprime misery brought us a lot of business events. Enough events to detect patterns in chains of events. Too much events to remember by heart. Well follow this link and you find a pretty complete overview off more than 375 subprime events. ... Thu, 10 Jul 2008 14:11:19 052deb8a60f164978110c9751b5edd4e http://a.assetdeli.com/asset/e603e54960167d5a1e1d0eebfc9a7844/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F09%2Fsec-report-old-news%2F Today the SEC issued a report on the three major rating agencies. I understand the SEC has to obtain hard evidence before it can intervene. The rating agencies are willing to implement the SEC's recommendations. This shows that they have realistic management. ... Wed, 09 Jul 2008 22:10:35 0d96d71af23cc26090ccf0e8076ff2c1 http://a.assetdeli.com/asset/4c168dd506e37e591af672dc4e15c750/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F07%2Fbig-rewards-at-no-risk%2F Analyzing the credit crisis, you can do that interactively yourself here, shows that the most troubled companies all have been in the news with integrity issues. Some financial institutions did fire risk managers or at least blamed their risk management ... Mon, 07 Jul 2008 14:04:35 f665624ae662c0b4a9ce277ae110881d http://a.assetdeli.com/asset/ed241e29f03eb4b8b766daf22cb42c3f/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F07%2F04%2Fcredit-crisis-interactive-analysis%2F After presenting the subprime parade for a while, I wanted to improve the user experience. Having an idea is nice, but realizing it is something different. At some point in time I was afraid that improving the user experience would take longer than the ... Fri, 04 Jul 2008 05:53:56 f22e26086b740534f297c0e05bfefa96 http://a.assetdeli.com/asset/ed7bf670f5e389d85851a1673200c78a/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F11%2F08%2Fupdate-subprime-bankparade-ii%2F Today I attended a presentation held by two CRO's from  Dutch companies; Aegon and ING. The PRMIA  organized this. I really liked the ING presentation. Mr. Timmermans showed that high quality near realtime risk information, extensive scenario testing, ... Wed, 04 Jun 2008 12:39:47 4d7b445a81fc67b6025d780c56106c19 http://a.assetdeli.com/asset/de25de3ee51582d12cef4ef18de61941/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F01%2F07%2Fupdate-subprime-bankparade-ix-with-a-big-smile%2F I've been following subprime for some time now. To freshen things up I've included a link to youtube with a really funny and simple explanation what the subprime crisis is all about. Tracking impact of the subprime crisis remains interesting, so I've ... Wed, 04 Jun 2008 12:39:47 65fbff8c094e67f5d6446c4d33228166 http://a.assetdeli.com/asset/d894afee68a3a90a65fc0ae79b58a30f/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F12%2F14%2Fupdate-subprime-bankparade-vii%2F Will 2008 become a happy new year for the financial world? Forecasts are negative for some banks and home owners in the US and in Europe. It is not very clear yet who is loosing from the SIV downgrade. To my surprise hardly any insurance company reported ... Wed, 04 Jun 2008 12:39:47 50dfa293174db496303322b2105ac74d http://a.assetdeli.com/asset/c876c40a85edce2579a23bcbc7d32d85/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F11%2F22%2Fupdate-subprime-bankparade-iv%2F Insurance companies are, as expected, showing up in subprime related news. Write offs, SEC inquiries, restructuring, sharp profit drops, lawsuits and serious liquidity concerns are reported. That it will backfire to banks with "insured" derivatives is ... Wed, 04 Jun 2008 12:39:47 3c03a9e14f20400855b0bc005fcbde0b http://a.assetdeli.com/asset/c073b58fed762af180937a6333e4e711/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F12%2F19%2Fsubprime-bankparade-viii-or-insurance%2F This week the ratings agencies did put some bonds insurers in the spotlight. A few weeks ago I reported some insurance companies experiencing difficulties as a direct result from adjusted ratings. The value at stake was very high and to prevent serious ... Wed, 04 Jun 2008 12:39:47 b14a6191db9261ebe0c2e79a39a3ba1f http://a.assetdeli.com/asset/bda1962d9d6b217ccf552fba87abc44d/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F01%2F20%2Fupdate-subprime-bankparade-x%2F This week the banks published some impressing losses. Different banks with varying results. Countrywide has been taken over by Bank of America. This isn't a big surprise. Looking back you can see many Enron similarities the last six months. One man running ... Wed, 04 Jun 2008 12:39:47 29a9408d3a687c0db1653604ce1d864b http://a.assetdeli.com/asset/b9699860833cc141898720d245ce128f/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F11%2F16%2Fsubprime-bankparade-iii%2F Concerns keep on growing and the subprime impact is spreading to other types of securities. Citi seems to be stuck with another $ 25 billion of potential write offs. Will Citi be able to handle this? It makes me wonder why this scenario wasn't foreseen. ... Wed, 04 Jun 2008 12:39:47 16838c41a7a447fd2a286c1b6c977bda http://a.assetdeli.com/asset/62626173a5b6d92ecd677a24e8aae979/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2008%2F01%2F23%2Freporting-of-effective-key-risk-indicators%2F Introduction A reporting system of key risk indicators must provide current operational risk insight to business management. This insight enables management to control the operation in such a manner that an optimal balance is accomplished between risk ... Wed, 04 Jun 2008 12:39:47 2e925d9e35c255748014ee2fa298dc16 http://a.assetdeli.com/asset/54b6756a28ef4d7ea9acdb210a6b7d40/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F11%2F26%2Fupdate-subprime-bankparade-v%2F This week several insurance companies joined Etrade and Countrywide. All these companies are moving close to the edge and all you have to do is make a calculated guess to what is going to happen next. Etrade and Countrywide have become take-over candidates. ... Wed, 04 Jun 2008 12:39:47 16cd6f3260b15405d704b1b0ae75ed32 http://a.assetdeli.com/asset/36c77248b32d72ad68293b51092329b6/?url=http%3A%2F%2Friskfriends.wordpress.com%2F2007%2F12%2F04%2Fupdate-subprime-bankparade-vi%2F Although the focus is on the US more and more European banks are reporting impact of the crisis. Especially German, Swiss and UK based banks seem to be hit. Where are the figures of the big French and Spanish banks? No problems there? Let's wait for ... Wed, 04 Jun 2008 12:39:47 a7a40f181473783fc8198a14676450f1