Category Archives: Executive Risk

Tackling tax evasion: It’s not the “what” but the “who” that’s worrying directors

The Criminal Finances Act received Royal Assent on April 27 and is expected to come into force sometime in 2018. It’s already a crime to evade tax and assist taxpayer intent on evasion. So what’s the big deal and why … Continue reading →

A House of Commons Select Committee Spells Trouble for Company Directors, and Joy for the Plaintiffs’ Bar

A little while ago, I blogged about the Financial Reporting Council’s (“FRC”) proposal that it be given the power to impose sanctions on all listed company directors who preside over serious accounting irregularities. Now it seems these proposals not only … Continue reading →

What financial institutions need to know about the Financial CHOICE Act

Dodd-Frank is one step closer to getting repealed — but there’s still a ways to go. Financial regulatory reform is making its way through Washington. The House has passed the Financial CHOICE Act and the bill will now makes its … Continue reading →

DOL’s new rule is now in effect — wave of fiduciary litigation may follow

No more delays. The Department of Labor’s (DOL) new fiduciary rule goes into effect today. While the DOL is willing to provide temporary enforcement relief to fiduciaries diligently working on compliance, the door is now open for civil litigation. What … Continue reading →

What does a good risk culture look like?

In 2012, a major international bank disclosed a multi-billion-dollar trading loss on its synthetic trading portfolio. By its own admission, the events that led to the company’s losses included inadequate understanding by the traders of the risks they were taking; … Continue reading →

How to measure risk culture

What gets measured gets managed, and that certainly holds true for risk culture. But how do you measure it? The very notion of organisational culture can seem difficult to describe, let alone quantify or manage. As a result, many companies … Continue reading →

Managing and improving an organisation’s risk culture

This is the second in a series of blogs on risk culture. In this post, we address the fundamentals of improving an organization’s risk culture. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, … Continue reading →

Directors’ liability – Entering uncharted territory

Directors and Officers liability insurance is often the final safety net for senior executives who find themselves directly involved in an underlying loss event or caught up in consequent shareholder litigation. An unprecedented focus by legislators and regulators on personal … Continue reading →

What is risk culture?

Risk Culture – This is the first in a series of blogs on risk culture. We start the fundamentals and a definition. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, how to understand … Continue reading →

Marketplace Realities 2017 Spring Update: The search for growth

All eyes on Washington (From the publication’s introduction by Joseph C. Peiser, Senior Editor and Head of Broking for North America) It’s like the two-minute warning in football, overtime in basketball, extra innings in baseball or, if you’re not a … Continue reading →