Business Reporter

With new Rail track and infrastructure projects having a lifespan of several decades, assessing changing weather patterns is a vital part of planning at Network Rail. John Dora, principal systems engineer for climate change, works closely with organisations including the Met Office and the Environment Agency to assess the likely impact of climate change. “We [...]

A one-dimensional approach to managing risk could lead companies to lose out on potential opportunity instead of optimising for profit A blanket approach to risk management can lead to missed opportunities. “In a bid to cut costs, companies often turn away business from large groups of customers that they perceive to be high-risk, or accept [...]

The often overlooked back office can pull you through the battlefield of financial risk, providing sound information and data to help firms understand regulation RISK MANAGEMENT IS a phrase that casts a shadow across the boardrooms of City firms vying to keep their revenues from nose-diving and their shareholders from bailing. The announcement of a [...]

Accurate weather and climate forecasts can help predict and anticipate risk so businesses are better prepared for the future By 2040-60, the UK insurance industry alone is predicted to foot an annual bill for weather damage of £2.25 billion compared to £1.5 billion today. Just about every other type of business you can think of [...]

In the wake of the financial crises, Business Reporter looks at advice to help directors navigate future corporate traumas The causes of the financial crisis were complex, but a failure of risk management at board level is at the top of the list for many commentators – perhaps because it is a relatively easy area [...]

If banks are going to ensure greater stability in future, they must take a longer term view on investment and put the management of risk at the heart of the business The financial crisis and subsequent economic downturn have taught us much. Two things stand out; that banks must learn from past mistakes, and that maintaining [...]

Experts can help boards manage the biggest issues facing them in today’s fast changing world – and help them turn risk to advantage The business world is more interconnected, more volatile and more unpredictable than ever before. And the pace of change is increasing. Success today is no longer a predictor of success tomorrow. In [...]

Treasury consultant works together with a business to understand their strategy and advise on how best to manage market risk There is a greater focus on risk management than ever before, yet protection from market risk is equally more complex and interdependent than ever before. Businesses need specialist knowledge, independent advice and analysis, as well as [...]

Political turmoil, the financial crisis and climate change are forcing board directors to play a more active role in managing risk The board of energy giant Royal Dutch Shell regularly sits down and plays out disaster scenarios. Advised by the company’s business intelligence unit, the board imagines what would happen if there were an atomic [...]

Stress-testing involves a range of sophisticated and quantitative exercises, including assessments of market, credit, operational and liquidity risk The need for a robust and consistent stress-testing framework is imperative. One attempt to develop such framework has emerged with the use of asset-pricing tools. These risk-neutral valuation models are widely used in academic and applied finance [...]