Risk Management

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Friday, August 31, 2012

The role of internal audit in assuring data security and privacy

With companies migrating more and more into the digital realm, and people conducting more of their business and personal lives online, data security threats have increased exponentially. User-friendly technologies such as the mobile web and cloud storage are often hacker-friendly as well, opening the door to identity theft, loss of proprietary information, reputational damage, and regulatory involvement. On this playing field, companies must deploy an ever-more robust defense.

Thursday, February 16, 2012

Predicting risk in an uncertain world

The world is moving from a past in which boards believed in their ability to manage and control risks, to a present where established risk approaches and thinking are being repeatedly outflanked and outpaced.

Tuesday, November 2, 2010

Comprehensive Internal Audit - a new and effective weapon against risk

In most of the developed world, the financial crisis left a severe recession in its wake, and corporations are still experiencing huge challenges in a depressed economic environment with unprecedented and unforeseen risks.

Thursday, April 12, 2007

A Discussion of Basel II Risk Management in the Wake of the China Rebar and Chia Hsin Food Collapse

When China Rebar Co. and Chia Hsin Food & Synthetic Fiber Co. filed for reorganization recently, it caused an uproar across Taiwan and did serious damage to a number creditor banks. If, in light of this affair, we reconsider the Basel II Capital Accord that will come on line this year (2007), we cannot help but feel some regret........

Wednesday, April 11, 2007

Bank Runs, Family-owned Groups and the Problem of Risk Transfer

Recently, the financial crises befalling China Rebar Co. and Chia Hsin Food & Synthetic Fiber Co., both under the Rebar Asia-Pacific Group's flag, caused a run on their fellow group member, Chinese Bank. (China Rebar and Chia Hsin are also major shareholders of Chinese Bank.) The Financial Restructuring Fund, besides taking over operation of the bank, will also need to make up the associated losses during the processes of failure resolution.

Thursday, March 15, 2007

Practices for Credit Rating Models

Banks in Taiwan, like those in many countries, are required to comply with regulations under the New Basel Capital Accord (a.k.a. Basel II). As for credit risk management under Basel II, a few advanced banks plan to adopt an internal ratings-based (IRB) approach while others will follow the standardised approach.