All Business Continuity articles – Page 35
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More due diligence needed
Firms are often ‘blissfully unaware’ of the range of risks that threaten the viability of their investments, say consultants
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Analysis
Green habits
Companies should continue their green initiatives even in a struggling economy
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BSI consults on data protection standard
Standard designed to help organisations comply with 1998 Data Protection Act
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Analysis
The Emperor’s new clothes
The banking crisis offers an opportunity to adjust our view of how the risk function should be engaged
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Crisis pushes UK deeper into recession
UK economy is expected to contract by 3.3 % and unemployment to reach close to 2.9m by the end of the year, says CBI
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Data loss could rise during downturn
More redundancies and a growing black market for stolen information contribute to the problem says Overtis
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US sets limit on exec pay for bailout firms
President Barack Obama has set a $500,000 limit on annual pay for executives at propped-up companies
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Slow growth for Euro insurers in 2009
Further write-downs are expected and certain lines will be curtailed, according to Ernst & Young
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Klaus Schwab delivers Davos speech
The world is experiencing a wake-up call to overhaul its institutions, systems and attitudes, claimed the World Econommic Forum’s founder
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Hiscox warns of rise in ‘unfair dismissal’ claims
The insurer said redundancies can lead to a leap in this type of claim
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UN Global Compact urges action on climate change
Secretary-General Ban Ki-moon stressed that climate change ‘threatens all our goals for development and social progress’
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SIFMA welcomes financial intervention package
Package includes a number of specific initiatives to help increase lending
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FTSE350 pension deficit soars to £33bn
Corporate default risk also rises fourfold, according to Mercer
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RIMS calls for regulation of broker commissions
US association wants contingent fees to be prohibited
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Analysis
Risk governance is the way forward
For risk management to work it needs to be focused strategically and not ignored as a back office function, say the authors of Global Risks 2009
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Commission begins legal action against S&P
Claims the rating agency may have abused its monopoly of financial market data
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Aon’s bribery fine is a major milestone
But UK authorities have a long way to go to match their US counterparts
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Whatever happened to Wall Street?
Problems in the financial services sector are not just the result of a lack of oversight
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The year ahead
Resource shortages and the impact of the financial crisis are likely to be the big risks in 2009, says Control Risks