Category Archives: Financial Services

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 →

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 →

Digital transformation in insurance calls for diverse growth strategies

Of all the factors influencing investment activity and merger and acquisition (M&A) strategy in the insurance industry in recent years, the impact of digital technologies has emerged as a key and recurring theme in the annual surveys conducted by Willis … Continue reading →

How would Alex Acosta as Secretary of Labor affect the DOL Fiduciary Rule?

On Wednesday, March 22, the U.S. Senate’s Health, Education, Labor and Pensions Committee convened the confirmation hearing for Alexander Acosta, President Trump’s nominee for Secretary of Labor. During the hearing, Elizabeth Warren, a supporter of the Department’s Fiduciary Rule, questioned … Continue reading →

Blockchain: What risk managers need to know

There is no perhaps greater risk to our global economy in the coming years than a large-scale cyber event.  Blockchain may represent the best hope for preventing or limiting such an incident in the future.  For this, and other reasons, … Continue reading →

Trump Administration and financial institutions: 3 things we know

Now that we are a couple of months into the Trump presidency it is important to take stock and determine how risk management at financial institutions will be impacted by the likely changes that appear on the horizon. General economic … Continue reading →

Supreme Court victory for U.K. Financial Conduct Authority spells trouble for senior managers

The recent U.K. Supreme Court decision in Financial Conduct Authority V Macris has clarified the law—but not in a way that will give comfort to senior managers. Continue reading →

Guide to errors and omissions liability insurance for financial institutions

The concept of professional liability has expanded to include professions other than medical malpractice – like financial institution management. Continue reading →

A new regulatory threat for directors of U.K.-listed companies

You are a director of a U.K.-listed company but not its Chief Financial Officer. A significant error is discovered in the financial statements going back several years, as a result of which the accounts have had to be restated. If … Continue reading →