This is the third and final article looking at new and emerging non-financial risks. It’s concerned with managing those risks and the wider governance arrangements firms will need to have in place. As I’ve said in the previous two articles, increased emphasis by firms and regulators on non-financial risks have made these risks at least […]
Tag Archives: regulators
New and emerging non-financial risks – Part 3: Risk management and governance
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Also tagged board, early warning indicators, enterprise risk management, governance, MI, non-financial risks, operational resilience, risk management, risk management framework
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New and emerging non-financial risks – Part 1: Technology-related non-financial risks
Non-financial risks have become at least as important, to both firms and regulators, as financial risks. This is mostly due to the importance of firms’ dependence on IT systems to operate their businesses but regulators (particularly the Financial Conduct Authority – the FCA) are also highlighting non-financial risks arising from newer regulatory topics, adding to […]
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Also tagged AI, chatbot, concentration risk, contagion, FCA, Financial Conduct Authority, information security, machine-learning, model management, non-financial risks, operational resilience, technology risks
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Two suggestions for tackling micro-exclusions (with thanks to Adam Grant)
Diversity and inclusion remain high on the regulators’ agenda but their proposals are unlikely to address a trail of demoralising situations I’ve seen in practice. I call these micro-exclusions, the small and subtle actions that result in some being favoured over others, certain voices not being heard and those who don’t ‘get on board’ being […]
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Also tagged Adam Grant, brainwriting, culture, diversity, diversity and inclusion, Hidden Potential, lattice management, lattice management system, micro-exclusions, psychological safety, SMCR, speak out
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The critical importance of fairy dust
Fairy dust – the sparkle that makes a presentation shine; the final adjustments that make the message compelling. It’s a dainty expression for a hard-working ingredient in submissions and presentations to regulators. Forget spin; this is about substance and structure. It might involve: Having a crystal-clear and confident narrative that carries the regulator through the […]
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Also tagged meetings with regulators, narrative, presentations, regulatory visit, SMF interview, submissions
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