The agency says the men painted a positive picture of Countrywide's risk management and underwriting practices and made optimistic statements about its business prospects to investors while privately acknowledging that risk management was lax, losses were mounting and the business faced a bleak future.
With so much geopolitical, economic and ethical uncertainty, advances in compliance for business, and risk management for both the physical and financial protection of businesses and people, will continue their steep trajectories.
Fakahany, who was responsible for risk management in addition to other functions, will oversee Merrill's global support, finance and human resources functions, while Fleming will oversee the business lines, including risk management.
Enabling a risk-adjusted operating model can help companies align their risk management programs with business and regulatory concerns.
FORBES: Analytics May Help Insurers Confront New Risk Environment
Participants were asked to evaluate six applications per session, rating applications on personal, business, management, and financial risk before granting or denying the loan.
Although it agreed to sell the business far below its valuation on the books, KB Financial's non-executive directors opposed the deal, citing an "unclear outlook for the domestic life-insurance business, the need for tighter risk management, " and a high price.
Our research indicates that insurers surveyed recognize the importance of risk analytics for a range of business processes including investment selection, risk selection and pricing, fraud management and loss reserving.
FORBES: Analytics May Help Insurers Confront New Risk Environment
John Martin, an economist at Baylor University, reckons that the internal risk management of the trading business was basically sound.
Talent management in India should be seen for what it is: a risk management strategy against the business impact of having inadequate or insufficient human resources to fulfill organizational objectives.
Goldman Sachs (nyse: GS - news - people ), with its massive trading operations and exposure to most of the riskiest sectors in the business, is an example of how risk management has evolved.
Even a cursory view of business headlines today emphasizes the neglect of IP risk management and limited appreciation of its implications.
Since the major role of business management is identification and mitigation of risk, Least Privilege is a powerful tool in our arsenal.
FORBES: Teach Your Boss To Speak Security: "Least Privilege"
Many insurance companies are using Microsoft Dynamics CRM for an ever-broadening range of business scenarios including risk analysis, financial planning, policy enforcement, agent training, property management, and other key business areas.
FORBES: Insurance Companies Adopt CRM Tools To Boost Productivity
Shah also points out that risk management decisions will be decided by business leaders, rather than IT.
Clients are investing in risk management to understand and control their business to see if traders are following defined processes that have been put in place.
FORBES: Quartet FS Helps Financial Risk Management Move To Real Time
Bear, a firm known in the past for its canny risk management, failed badly in its mortgage business and investors will take the full hit.
Across the board, the firms have taken billions in write-downs for exotic credit derivatives that just a few months ago were the hottest business on the Street and not seen as a huge risk management issue.
Hitachi, in flat-panel TV business, reduce fixed costs through the second half of fiscal 2009 from fiscal 2007, the reduction of overseas operations, including measures to improve profitability through the use of procurement, building a business model that specializes in technology management with low-risk differentiated has been working on.
Some critics suggest that business schools failed to sufficiently integrate ethics, social responsibility and risk management into their curricula.
FORBES: The Responsibility Of Business Schools In Training Ethical Leaders
Smart insurers are increasingly aware of the way in which life, property, business interruption and other risks interact a portfolio risk-management approach encouraged by both regulators and investors.
Some events are exceedingly rare, but may have consequences large enough to pose truncation risk on a business enterprise, such as Long Term Capital Management in the late 1990s.
FORBES: Christmas, Kurtosis, Fat Tails, Black Swans And Risk Management, Pt. 2
The current economic downturn, which has been exacerbated by the build-up and unraveling of complex financial instruments, has made it clear that some overly focused business leaders pursued innovation and profit at the expense of proper risk management.
Building off point 4, imagine if the firm-wide risk management group was able to capture all the business intelligence of the trading group, and the trading floor was able to capture all the statistical clustering from a marketing group, and so on.
Risk management experts say increased terrorist activity worldwide is damaging business confidence.
Mr. Jung, who attended the Korean federation's Stanford program, says he wanted to learn about risk management and creating brand value through cases studies of business successes and failures.
Firms that are successful in building these capabilities have enormous opportunities, not just for risk mitigation, but for the creation of business value through proactive management of supply chains and identification of new areas for growth.
Wells Fargo's revised policy takes back unpaid compensation awards in the event of misconduct, material error, failure to supervise or in the event the company or an individual executive's business group has a material downturn in financial performance or failure of risk management.
Better value generation through a broader application of risk management capabilities to support decision making and the pursuit of business opportunities.
FORBES: Analytics May Help Insurers Confront New Risk Environment
Given the considerable loan impairments and business failures subsequently experienced (not to mention elevated unemployment levels), risk management is the topic du jour, and will likely remain so for the foreseeable future.
FORBES: For Banks, There Are Risks In Using Excel For Underwriting
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