Crisis drives risk-aware culture

Ernst & Young's second annual risk governance survey of banking leaders reveals that three-quarters of all respondents believe that a risk-aware culture is vitally important within an enterprise, says lehighvalleylive.com.

The survey, titled 'Navigating the crisis', also found that 86% of respondents indicated their banks are implementing a variety of projects designed to provide a more comprehensive approach to risk. However, only 16% say they have a well-defined, shared vision of what it would look like.

Ernst & Young's banking and capital markets leader Bill Schlich says: "Most of the banks we talked to are taking the time to reassess where they are along the risk infrastructure, and where they need to get to. What it boils down to is building a system that takes into consideration the interrelated and dynamic nature of business within a financial institution."

Trek to the summit

00Days

:

00Hrs

:

00Min

:

00Sec

Compliance 360, a provider of software-as-a-service solutions for enterprise governance, risk and compliance (GRC) has released its latest solution entitled the GRC Performance Center, states Business Wire.

The GRC Performance Center provides real-time notification of risk events to monitor and control strategic risk management initiatives within the organisation.

Steve McGraw, president and CEO of Compliance 360, says: “With the addition of the GRC Performance Center, our customers can monitor key risk indicators across their organisations, regardless of the data source.”

DNV, a US provider in management certifications, has rolled out EasyRisk Manager, an online risk management tool for food companies, says PR Web.

EasyRisk Manager is a flexible, multi-user application for creating and managing risk profiles of suppliers. Every incident can be captured in one central location, allowing for rapid review of supplier performance.

Kathy Wybourn, director of food safety solutions for DNV, notes: "We're taking a critical business process and making it much more efficient.”