Cyber risk is no longer considered an emerging risk. Every organization should consider the financial statement impact of cyber exposures. Cyber risk is not static, and as such our framework serves as a tool for holistic […]
UK Cyber Risk Survey Report 2016
Source: Marsh Despite a 56% rise in boardroom ownership of cyber risk, the majority (64.6%) of UK firms are still failing to conduct or estimate the financial impact of a cyber attack, according to Marsh’s UK […]
Strategic decisions: When can you trust your gut?
Source: McKinsey Quaterly. A classic article from 2010: “Nobel laureate Daniel Kahneman and psychologist Gary Klein debate the power and perils of intuition for senior executives. For two scholars representing opposing schools of thought, Daniel Kahneman and […]
A New Climate for Peace
Source: G7 “Taking Action on Climate and Fragility Risks” An independent report commissioned by members of the G7, identifies seven compound climate-fragility risks that pose serious threats to the stability of states and societies in […]
Flooding after Storm Desmond
Source: Zurich The storms that battered the north of England and parts of Scotland at the end of 2015 and early 2016 caused significant damage and disruption to families and businesses across tight knit rural […]
Misconduct and Systemic Risk
Source: WSJ City The global financial system is subject to emerging vulnerabilities from misconduct by traders and bankers as well as from developments in financial technology, Mark Carney wrote in a letter to leaders of the Group of 20. […]
World Risk Report 2016
Source: United Nations University When an extreme environmental hazard strikes, infrastructure can be a deciding factor in whether or not the situation becomes a disaster. Roads, for example, can provide access to quickly supply relief […]
Transforming enterprise risk management for value in the insurance industry
By McKinsey&Company Leading insurers are retooling the role of their risk function from incident response and compliance to an essential partner in advancing the business strategy. The value of enterprise risk management (ERM) in the insurance […]
The Institute for European Studies
In preparation of the Malta Think Tank ‘From Global to Local’ PRIMO agreed to a dedicated partnership with The Institute for European Studies to address and elaborate the specific theme of climate change. This institute within […]
Uncertainty
By Jack Kruf A week ago, the United Kingdom voted for Brexit. ‘We are out’. The buzzword last week was ‘uncertainty’, coming from the mouths of thousands of politicians, citizens and business leaders. The last seven days […]
EU Migration Crisis Update
According PRIMO one of the main public risks is – caused by the way we manage the migrants in a very slow and non-systemic way – the harm we do to the resilience and self […]
High and Dry: Climate Change, Water and the Economy
By World Bank Group From Executive Summary: “The impacts of climate change will be channeled primarily through the water cycle, with consequences that could be large and uneven across the globe. Water-related climate risks cascade […]
European Public Sector Award 2015
By Harrie Scholtens In 2015 the European Institute of Public Administration (EIPA) was the proud organiser of the 2015 Edition of the European Public Sector Award (EPSA), the fifth edition since the beginning. The EPSA […]
Brexit – what would happen if Britain left the EU?
Source: The Guardian David Cameron’s electoral triumph has brought the prospect of a British withdrawal from the EU one step closer. The prime minister has vowed to reshape Britain’s ties with Europe before putting EU membership to […]
Strengthening Value and Risk Culture Using a Real-time Logical Tool
Source: ISACA Journal Quote from Introduction: “While many lessons were learned from the 2007 global financial crisis, the Basel Committee on Banking Supervision identifies as one of the most significant the fact that the IT and data architectures used by […]
Antarctic model raises prospect of unstoppable ice collapse
Source: Nature Choices that the world makes this century could determine the fate of the massive Antarctic ice sheet. A study published online this week in Nature1 finds that continued growth in greenhouse-gas emissions over the next […]
22 Strategic Risks
This is a clear list of strategic risks, described by Devin Fowler on Simplicable Management Guide. The words “strategic risk” strike fear into the hearts of investors and executive leaders everywhere. Strategic risk invokes images […]
Myopic Voters and Natural Disaster Policy
In our democratic system citizens vote for their representative politicians, elected councils as well their public leaders, governors and governing councils. But what about the perception by citizens of how risks are handled by their leaders and […]
Water Integrity Global Outlook
The world’s water has never been under greater pressure, with unprecedented demands for use in human consumption, agriculture, industry and power generation. How can a growing global population ensure that water remains available, clean and […]