News

Migrant deaths may force Europe policy change

Times of Malta The outrage Europe’s leaders face over the deaths of hundreds of refugees trying to reach its shores may force a shift in a policy critics decry as letting people drown to deter others in desperate need. The moat that the Mediterranean forms between Fortress Europe and less fortunate neighborus may become slightly less forbidding, even if the […]

The Guardian: Keep it in the ground

18 April 2105, The Guardian This newspaper launched a campaign focused on moving away from a global economy run on fossil fuels. Alan Rusbridger: “The argument for a campaign to divest from the world’s most polluting companies is becoming an overwhelming one, on both moral and financial grounds.” As Archbishop Desmond Tutu puts it: “People of conscience need to break their […]

Scientist warns: ‘it will still take years to heal’

The Guardian The lessons of a landmark moment in climate research have not been learned. It is popularly viewed as one of the greatest environmental success stories of modern times. Exactly 30 years ago, UK scientists announced they had discovered a hole in the ozone layer in the atmosphere above Antarctica. The hole threatened to spread, allowing increased levels of cancer-causing […]

Malta failing in climate change preparation

November 9, 2008, Times of Malta Malta has failed to prepare a plan on its climate change impact, vulnerability and adaptation – unlike other Mediterranean countries that “have prepared quite extensive climate change assessments”, according to the European Environmental Agency. In a report entitled ‘Impacts of Europe’s changing climate’, the EEA states that the Mediterranean is one of the regions […]

What’s Wrong with Risk Models?

April 27, 2010, The New Yorker First up, sincere apologies to the organizers and attendees of the Milken Global Forum, in Los Angeles, where I was due to appear this afternoon at a session about economic models of risk. I was looking forward to engaging the other panelists, who included Nobel laureate Myron Scholes, of “Black Scholes” fame; Colin Camerer, […]

Why Crossrail is a triumph for risk management

April 10, 2015, Strategic Risk Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with the board and senior management. At the end of March, Europe’s largest construction venture, Crossrail, initiated the final stages of building a 42km tunnel network under London. Six years ago, the project began with the construction […]

Coming to terms with terror

SEROS – Centre for Risk Management and Societal Safety How will the terrorist attacks in Norway on 22 July change the country? That question has been put to three social scientists at the University of Stavanger (UiS). “Norwegians are still in a state of shock,” says professor Odd Einar Olsen. “These incidents were so extensive and gruesome that people need time […]

Ebola: Facts and Figures

A year ago the first Ebola incident was reported in Guinea. It spread step by step. Now with the latest figures published by The Economist, public health is at stake. In general it seems that the exponential growth can not be underestimated. The Economist reports” “Late March, Liberia had reported eight suspected cases and Sierra Leone six. By the end of June […]

Nassim Taleb: ‘The Black Swan’ author in praise of the risk-takers

The writer and former options trader Nassim Taleb talks to Margareta Pagano about banking, Babylon and birdsong By The Independent Nassim Nicholas Taleb has a dream. It’s this: he wants us to celebrate the restaurant owners, the taxi drivers, the market traders and carpenters and all the other risk-takers who put their skin in the game and who drive the […]

ISO 31000 and the Icelandic volcano crisis

By Kevin Knight The air traffic crisis provoked by the Icelandic volcano eruption, with its accompanying economic and societal effects, is analyzed through the lens of the ISO 31000 risk management standard by the leader of the group of ISO experts who developed it. The cloud of ash from the Icelandic volcano which has wreaked havoc on passengers and airports […]

New flood defences announced but is it enough?

 By Louise Gray, Environment Correspondent, for the Telegraph New flood defences will be built around the country, Owen Paterson, the Environment Secretary has announced, but concerns remain over whether enough money has been allocated to protect homes from the increasing risk of extreme weather. Mr Paterson gave the go ahead for building to start on 93 new flood defences this year, including […]

Take too much Risk? Must be the testosterone…

By Maria Konnikova, Big Think Blog When we think testosterone, we think macho. We think male, manly. We probably also think aggressive. And we think that with good reason. Men do traditionally have higher testosterone levels than do women, and higher testosterone has indeed been associated repeatedly with increased risk-taking behavior, especially in social domains (where aggression would fall). That’s […]

Ten reasons why we fail

By David DiSalvo, Forbes My research into the traits of influencers and achievers continues, and as I turn more pieces of this puzzle around to fit the whole, more ideas appear to me as a fit for this space.  In this edition, reflections on falling short — more precisely, why we fail despite ourselves. Read more >

Risk and safety to be themes new centre for Risk management, Safety and Security

Source: University of Twente At the opening of the Centre for Risk Management, Safety and Security various speakers will stress the importance they attach to how their organizations deal with risk and safety. The speakers are: Prof. dr. Ed Brinksma, Rector Magnificus, University of Twente; Prof. mr. Pieter van Vollenhoven; Mr. drs. Jan Kees de Jager, outgoing Minister of Finance; […]

Recession deniers should shut up as down we continue to go

David Blanchflower makes the case for an immediate increase in public investment in building. The drop in gross domestic product of 0.7 per cent in the second quarter of 2012 was greeted with incredulity by those who have been saying for months that the UK is not in a double dipper when we obviously are. Business and consumer confidence and […]

Aftershock: Adjusting to the New World of Risk Management

By Deloitte. Following the latest global economic crisis, organizations of all types are still operating in a volatile, highly changeable risk environment. In a spring 2012 survey of 192 U.S. executives, Deloitte and Forbes Insights found that many are still working hard to make sense of this environment. In fact, a stunning 91% plan to reorganize and reprioritize their approaches […]

Steve Jobs’ Lessons on Risk

The video above re-aired last night on 60 Minutes. It features an in-depth account of Steve Jobs from his authorized biographer Walter Isaacson, whose book Steve Jobs was the second-highest selling non-fiction work of 2011, despite not being published until just before Halloween. (The segment has a Part II you can watch here)). Read more >

German Framework for Flood Risk Management

Firemen evacuate residents in a rubber boat from the Halle Neustadt district flooded by the swollen Saale river on June 6, 2013 in Meissen, Germany. Eastern and southern Germany are suffering under floods that in some cases are the worst in 400 years. At least four people are dead and tens of thousands have evacuated their homes.

The German federal state of Rheinland-Pfalz is well advanced in its programme of actions required to comply with the provisions of the EU Flood Directive. So far, the preliminary flood risk assessments; the flood hazard maps; and, the flood risk maps have been completed for the entire state. In early 2011, the flood risk management plans for the River Nahe […]

Enterprise Risk Quotient and Supplier Risk Quotient

Source: ETHISPHERE   “Risk Management from a New Perspective” Ensuring that the most pertinent risks to the viability of an organization are being addressed adequately is critical to an organization’s success. Many organizations have some form of a risk management program to help them manage and mitigate risks; however, understanding whether their program employs best practices and whether risks are being […]

Managing Risks: A New Framework

Source: Harvard Business Review Author: Robert S. Kaplan and Anette Mikes Editors’ Note: Since this issue of HBR went to press, JP Morgan, whose risk management practices are highlighted in this article, revealed significant trading losses at one of its units. The authors provide their commentary on this turn of events in their contribution to HBR’s Insight Center on Managing Risky Behavior.