crisis management

Paris should prepare now for risk of a costly Seine flood

January 24, 2014, Organisation for Economic Co-operation and Development (OECD) Quote press-release: “24/01/2014 – A major flooding of the Seine River similar to the flood disaster of 1910 could affect up to 5 million residents in the greater Paris area and cause up to 30 billion euros worth of damage, according to a new OECD report. Economic growth, jobs and […]

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 […]

When calls for deeper co-op on disasters

Premier also stresses importance of energy security at Laos summit Source: China Daily Premier Wen Jiabao on Tuesday called on Asian and European countries to deepen cooperation on emergency rescue services in major natural disasters. He made his plea as the United States scrambles to deal with the aftermath of devastating Hurricane Sandy. 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 […]

Future Global Shocks

IMPROVING RISK GOVERNANCE Bron: Alex Wittenberg, Partner, Oliver Wyman Global Risk Center Recent global shocks, such as the 2008 financial crisis, have driven policy makers and industry strategists to re-examine how to prepare for and respond to such events in the future, whether they arise in financial, natural, public health or even political systems. This OECD report is part of […]

Making cities resilient

“Cities and local governments need to get ready, reduce the risks and become resilient to disasters. For the next two years and beyond, the United Nations International Strategy for Disaster Reduction (UNISDR) will campaign together with its partners for this to happen. The 2010-2011 World Disaster Reduction Campaign “Making Cities Resilient” addresses issues of local governance and urban risk while […]

Insufficient situational awareness about Critical Infrastructures by Emergency Management

Source: TNO Defence, Security and Safety Authors: Eric Luiijf and Marieke Klaver Abstract This paper discusses critical infrastructures (CI) and their dependencies, with as central theme the hypothesis that a lack of CI situational awareness and protection in emergency management operations results in unnecessary amplification of the consequences. This paper discusses the hypothesis and findings along some well-known international emergencies […]

The risk management of nothing

Author: Michael Power, London School of Economics and Political Science Source: Accounting, Organizations and Society 34 (2009) 849–855, Elsevier This essay challenges core elements of enterprise risk management (ERM) and suggests that an impoverished conception of ‘risk appetite’ is part of the ‘intellectual failure’ at the heart of the financial crisis. Regulators, senior management and boards must understand risk appetite […]

Rethinking Risk Management in Financial Services

Practices from other domains Source: World Economic Forum, prepared in collaboration with The Boston Consulting Group. Letter from the Steering Committee: “The financial crisis has, to put it mildly, seriously challenged our traditional approach to risk management. Consequently, a number of individuals and institutions have advanced ideas for improving not only the analytical framework, but also the status and relevance […]

#1 State of the Union EU

“You can trust the European Union to do what it takes to secure your future” Source: European Commission Speech: President José Manuel Barroso Commission President José Manuel Barroso set out his strategic plans for the EU over the next year in his State of the Union speech to the European Parliament. “My message to each and every European is that […]

Lomborg: Europe’s determination to decline

Looking closely into the exact correlation of factors is half the work of good public risk management. Bjørn Lomborg lines out how economic crisis and managing climate related targets are interrelated. So called advantages are not always how appear to be, more than that they slow down a development. Source: Politiken.dk By Bjørn Lomborg, head of the Copenhagen Consensus Center, […]

Companies: More growth than fear

Source: McKinsey&Company Economic Conditions Snapshot, June 2010: McKinsey Global Survey results “Although economic confidence is clearly shaken, more executives remain positive than negative overall, which likely explains why most expect their companies to continue growing. Although fully ten percentage points fewer now expect consumer demand to grow this year than did so in April—down to half—the same share as in […]

EU policy guru: ‘Austerity plans risk stifling growth’

What risks are actual embedded in the approach of our public debt. It is clear that we should listen to one another, because one strategy seems not to fit all. Our public leaders Sarkozy, Obama and Merkel circle around the facts and the different strategies. This article shares a light on the different angles and aspects of the different approaches. […]

Risk management in support for budget-cutting

By: Ed Mallens, Board member PRIMO Nederland This year PRIMO Nederland started with the implementation of its Business-plan 2010, as approved by the Board at a meeting held last February. The main objectives are to sustain the knowledge on public risk management and to expand the profile of PRIMO Nederland in the Governmental markets of Local and Regional Authorities and […]

This Time Is Different

The Black Swan in the Gulf of Mexico will probably lead us to a turnaround in thinking about public risk, players and stakeholders, the blame, our precious environment and more than that about the precautionary principle, it’s risk management and public governance. It could lead us in a new, more sustainable direction. Last week Thomas L. Friedman, journalist at the […]

The Six Mistakes Executives Make in Risk Management

Source: Harvard Business Review, October 2009 with by Nassim N. Taleb, Daniel G. Goldstein, and Mark W. Spitznagel “We don’t live in the world for which conventional risk-management textbooks prepare us. No forecasting model predicted the impact of the current economic crisis, and its consequences continue to take establishment economists and business academics by surprise. Moreover, as we all know, […]

An Unrealized Opportunity for Revenue, Risk Free

Source: ICMA (International City/County Management Association) by Ron Blanquie “It’s no wonder that risk management’s public role is often underused and misunderstood. Government entities have incorrectly concluded that risk management’s overall costs can only be tethered but not controlled or reduced. Public entities in California today face an unprecedented challenge as they try to maintain the levels of public service […]

The social crisis warrants as much political commitment as the banking crisis

Source: Committee of the Regions 03.06.2010 – Europe’s financial and economic crisis is increasingly becoming a social crisis too, and is testing European solidarity to the limit. The EU’s territorial cohesion and public confidence in European integration are both at stake. At their plenary session, to be held on 9 and 10 June 2010, the elected representatives of Europe’s regions […]

Seizing the day

The impact of the global financial crisis on cities and local public services The ‘Great Recession’ has had a dramatic impact on the financial services sector and other areas of the private sector and highlighted the importance of the role of government at international and national levels in addressing global and systemic risks. But what has been the impact of […]