Conduct Risk Investigated: 3 Things Bank Risk Managers Need to Know

bad conduct

The risk of staff acting unprofessionally, unethically or illegally – commonly known today as conduct risk – has recently emerged at the top of the agenda of bank supervisors and bank boards alike. Although few debate the importance of conduct … Continue reading →

Does Your Compensation Strategy Make the Grade?

compensation

No matter what business you are in, your people are your most important asset. They‘re often your largest operating expense as well. Yet all too often, the compensation programs that affect your workforce have not undergone a thorough review. To … Continue reading →

When is a Director Entitled to Indemnification or Advancement from his Company?

Businessman in Handcuffs

In the UK, the answer to this question under the Companies Act is reasonably straightforward. But in the US this important question seems to provoke more activity, as the recent case of Holley v Nipro Diagnostics demonstrates. Continue reading →

Emerging ERM Risk of 2015: Outsourcing

global-gear

Outsourcing might just be the most common business management earnings booster of the past 10 years. Which means that it is also a top candidate for becoming a major emerging risk in the near future. Continue reading →

How Will Rights to Light Reforms Affect Insurance?

light-through-building_645x400

At the end of last year, the Law Commission published its final report on rights to light, which looks at the problems rights to light present for developers and landowners. The recommendations address the imbalance in the law affecting all … Continue reading →

The Super Bowl and the Sharing Economy

football hand-off

With the Super Bowl in Arizona fast approaching, news outlets have been reporting a hotel room and rental car shortage for weeks, leading many Arizonans to consider renting their home for the weekend or using their personal auto to take … Continue reading →

Supreme Court: Retiree Medical Benefits May be Less “Sticky” for Union Plans

Court decision: benefits

Earlier this week the Supreme Court upset what had been “settled” law in retiree medical benefits with union groups.  While the case applies to retiree medical plans specifically, the rule enunciated could have much broader affect in employee benefits cases … Continue reading →

Top 10 Most Influential Executive Risks Cases of 2014

top ten legal cases

This year’s list of the top 10 cases affecting the world of management liability (directors & officers, fiduciary, cyber, errors & omissions, and employment practices) includes several court decisions that will substantially alter the legal landscape. Some of these decisions … Continue reading →

ERM in Practice: Risk Policies and Standards

written rules

This fifth installment of ERM in Practice looks at a dozen global insurance and reinsurance groups, extracting several concrete examples from their ERM policies and frameworks. Continue reading →

Insurance-Linked Securities, Catastrophe Bonds, Collateralized Reinsurance: Predictions for 2015

market forecast

I recently spoke with Artemis blog about about some of the key issues the insurance-linked securities (ILS) market is facing in 2015, and they were kind enough to allow me to share those thoughts with you here. Here is that … Continue reading →