most recent 30 from http://answers.riskportal.com 2010-07-30T04:06:27Z http://answers.riskportal.com/feeds http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://answers.riskportal.com/questions/84/what-is-iso-31000-and-which-organisations-does-it-apply-to John 2010-02-24T14:39:10Z 2010-07-28T20:24:00Z

<p>ISO 31000 is intended to be a family of standards relating to risk management but my question is, beyond being another risk management standard - there are many already - how important is it to businesses and what types of organisations and in what circumstances is it likely to be applied?</p>

http://answers.riskportal.com/questions/76/what-is-the-importance-of-a-stated-risk-policy-in-embedding-risk-management Zoe Z 2010-02-19T12:13:53Z 2010-07-23T18:24:02Z

<p>What practical impact does the corporate risk policy have in embedding risk management? </p>

http://answers.riskportal.com/questions/15/are-there-standard-classifications-of-operational-risks Oli 2010-01-13T13:28:02Z 2010-07-22T16:23:57Z

<p>Organisations face risks to their operations from factors both internal and external to the organisation. Is there an easy way to classify these risks so those who are new to risk management can readily identify them?</p> <p>And for other types of risk management how are risks classified?</p>

http://answers.riskportal.com/questions/34/what-are-the-common-mistakes-and-pitfalls-during-the-risk-management-process John 2010-01-20T01:07:18Z 2010-07-20T20:24:09Z

<p>What are the common mistakes and pitfalls during the risk management process?</p>

http://answers.riskportal.com/questions/48/are-there-organisations-that-do-not-need-to-implement-risk-management John 2010-01-22T14:31:55Z 2010-07-19T19:24:21Z

<p>Are there organisations that do not need to implement risk management? </p>

http://answers.riskportal.com/questions/41/what-are-the-implications-of-solvency-ii-for-small-insurance-companies Oli 2010-01-22T10:31:18Z 2010-07-19T16:24:13Z

<p>What are the implications of Solvency II for small insurance companies, and are the concerns of the Small and Medium-sized Enterprises (SMEs) being taken into account?</p>

http://answers.riskportal.com/questions/21/on-what-basis-should-risk-treatment-be-selected John 2010-01-18T18:38:28Z 2010-07-19T16:24:13Z

<p>Risk treatment is the process of selecting and implementing measures to modify the risk. As a minimum an effective risk system should provide effective and efficient operation of the organisation, effective internal controls, and compliance with laws and regulations. </p> <p>Insurance is one way to treat risk; what other treatments are possible and on what basis should treatments be selected? </p>

http://answers.riskportal.com/questions/18/new-fines-for-serious-data-security-breaches Oli 2010-01-15T01:45:18Z 2010-07-18T04:23:58Z

<p>The Information Commissioner's Office has announced new penalties for serious data security breaches. What are they and the factors that influence the size of the penalty?</p>

http://answers.riskportal.com/questions/39/is-solvency-ii-the-same-as-basel-ii Oli 2010-01-22T09:30:08Z 2010-03-23T18:18:05Z

<p>Is Solvency II the same as Basel II?</p>

http://answers.riskportal.com/questions/3/what-is-basel-ii John Mason 2010-01-08T16:32:07Z 2010-03-01T10:23:26Z

<p>What is Basel II, and what is the difference between Basel I and Basel II?</p>

http://answers.riskportal.com/questions/52/what-is-the-total-balance-sheet-approach Oli 2010-01-22T15:07:43Z 2010-02-28T16:29:02Z

<p>What is the Total Balance Sheet approach, and what financial services companies is it applicable to?</p>

http://answers.riskportal.com/questions/88/what-is-the-coso-enterprise-risk-management-framework John 2010-02-25T14:48:17Z 2010-02-25T20:31:30Z

<p>What is the COSO Enterprise Risk Management Framework and where can I find more information?</p>

http://answers.riskportal.com/questions/37/what-is-coso-and-what-is-its-impact-on-risk-management John 2010-01-21T22:35:25Z 2010-02-25T11:38:31Z

<p>What is COSO, and what is its impact on risk management?</p>

http://answers.riskportal.com/questions/22/what-is-the-role-of-the-board-in-risk-management John 2010-01-18T18:40:47Z 2010-02-25T11:13:20Z

<p>What is the role of the board in risk management?</p>

http://answers.riskportal.com/questions/14/definition-of-risk-management John 2010-01-13T13:10:13Z 2010-02-24T14:32:35Z

<p>Further to my previous question about the definition of risk; what is a relevant definition of risk management? <p> If if not explicitly put forward as a definition, many organisations hint at what RM is; the following is the Institute Of Risk Management's 'definition':<p></p> <blockquote> <p>It is the process whereby organisations methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities.</p> </blockquote> <p>Do you agree with this? Personally I find this bland, do you have a better alternative?</p>

http://answers.riskportal.com/questions/13/definition-of-operational-risk John 2010-01-13T13:03:41Z 2010-02-23T12:14:48Z

<p>There are many definitions of 'operational risk', often dependent on the context of the organisation or individual defining it. Some are broad in scope attempting to cover all the bases, others seem limited to the downside of risk (i.e. threats). Which definition do you think is most relevant to today's op risk environment? <p>Please quote the source where available.</p>

http://answers.riskportal.com/questions/80/are-there-examples-where-operational-risk-failures-have-played-a-role-in-company Zoe Z 2010-02-22T14:28:08Z 2010-02-22T14:51:30Z

<p>One of the issues with promoting operational risk internally is overcoming the <em>"it could never happen here"</em> mentality of some senior managers. Are there some good examples where failure to effectively operational risk has resulted in significant impact and/or losses to specific organisations?</p>

http://answers.riskportal.com/questions/43/what-are-the-benefits-of-solvency-ii-for-insurers Stephen J 2010-01-22T10:35:56Z 2010-02-19T14:24:57Z

<p>What are the benefits of Solvency II for insurers?</p>

http://answers.riskportal.com/questions/31/what-is-enterprise-risk-management-erm John 2010-01-20T00:57:47Z 2010-02-19T12:33:44Z

<p>What is Enterprise Risk Management?</p>

http://answers.riskportal.com/questions/24/what-is-the-precautionary-principle Stephen J 2010-01-18T18:51:30Z 2010-02-17T00:32:33Z

<p>What is the precautionary principle and when should it be used?</p>

http://answers.riskportal.com/questions/25/why-is-risk-assessment-important Stephen J 2010-01-18T19:56:36Z 2010-02-17T00:32:33Z

<p>Why is risk assessment important and in what circumstances am I legally required to conduct then?</p>

http://answers.riskportal.com/questions/16/how-does-risk-management-add-value-to-the-organisation Oli 2010-01-13T20:35:57Z 2010-02-15T18:26:54Z

<p>To anyone who's done RM, this is a question that comes up often, whether explicitly asked or implied in the response to the process of embedding risk management within the organisation. </p>

http://answers.riskportal.com/questions/57/how-does-operational-risk-relate-to-solvency-ii Oli 2010-01-31T14:31:42Z 2010-02-14T16:31:25Z

<p>How does operational risk relate to Solvency II?</p>

http://answers.riskportal.com/questions/56/why-is-an-iterative-approach-to-managing-risk-important Oli 2010-01-31T14:06:38Z 2010-02-14T16:14:10Z

<p>Why is it important to take an iterative approach to the risk management process? </p>

http://answers.riskportal.com/questions/23/what-do-alarp-andsfairp-mean John 2010-01-18T18:46:57Z 2010-02-12T15:40:51Z

<p>What do 'ALARP' and'SFAIRP' mean?</p>

http://answers.riskportal.com/questions/73/what-are-the-goals-and-objectives-of-implementing-a-risk-management-framework Oli 2010-02-12T15:24:35Z 2010-02-12T15:37:23Z

<p>What are the goals and objectives of implementing a Risk Management Framework?</p>

http://answers.riskportal.com/questions/32/is-enterprise-risk-management-applicable-to-smaller-and-less-complex-organisation John 2010-01-20T00:59:17Z 2010-02-11T17:03:09Z

<p>Is Enterprise Risk Management applicable to smaller and less complex organisations?</p>

http://answers.riskportal.com/questions/51/what-are-risk-mitigation-measures-and-what-are-they-used-for Oli 2010-01-22T15:00:12Z 2010-02-11T16:55:12Z

<p>What are risk mitigation measures, what are they used for and are there any standard/typical mitigation measures to use?</p>

http://answers.riskportal.com/questions/38/what-are-the-deliverables-when-a-risk-management-framework-is-implemented John 2010-01-21T22:37:50Z 2010-02-11T16:33:08Z

<p>What are the deliverables when a risk management framework is implemented?</p>

http://answers.riskportal.com/questions/66/what-are-the-pillars-of-solvency-ii James Lander 2010-02-11T16:26:07Z 2010-02-11T16:29:14Z

<p>What are the pillars of Solvency II?</p>