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In this section you can find Global Risk Guard® or sector related news.
January 10, 2010
The
Top 10 Global Geopolitical Threats
Every January, New York-based risk advisory firm Eurasia Group issues an annual list of the top 10 global geopolitical threats in the upcoming year. This year's report, released on Jan. 4, highlights dangers from an economically weakened Japan, a widening fiscal gap between Northern and Southern Europe, and the worrisome rise in nationalism and populism across the globe.
The No. 1 risk in 2010 is the growing tension between the U.S. and China, driven by diverging economic situations and political differences on issues ranging from climate change to security to trade.
The Eurasia Group's top 10 risks of 2010 report, which contains in-depth commentary on the top 10 from the firm's analysts as well as a brief treatment of five "red herrings," or risks that are less hazardous than they appear, is available here.
December 17, 2008
The Top 10 Risks for Business
(Source: www.businessfinancemag.com)
For the second straight year, Ernst & Young has released a report ranking what the firm sees as the top 10 risks for global business in the coming year. This year's top 10, compiled in collaboration with Oxford Analytica and based on interviews with more than 100 analysts, contains a few surprises.
Not that anyone will likely be stunned by the ascent of the credit crunch to the Number 1 slot, or "deepening recession" coming out of nowhere to No. 3.
But the threat posed by non-traditional market competitors -- companies entering a sector from adjacent markets or distant geographies -- has leapt onto the risk radar for 2009. It's ranked fifth, up from sixteenth in the 2008 list. Companies based in the emerging economies will muscle in on new market segments and niche areas, E&Y notes.
Reputational risk soared from No. 22 in 2008 to No. 10 for 2009, propelled no doubt by assorted Wall Street disasters. The rise of "radical greening," from No. 9 to No. 4, suggests that companies are becoming more aware of the real damage they risk if they neglect environmental and sustainability challenges.
Here are the top 10 risks for 2009, with the 2008 rankings for comparison:
- The credit crunch. (Number 2 in the 2008 report.)
- Regulation and compliance. (Number 1 last year.)
- Deepening recession. (New this year)
- Radical greening. (9)
- Non-traditional entrants. (16)
- Cost cutting. (8)
- Managing talent. (11)
- Executing alliances and transactions. (7)
- Business model redundancy. (New)
- Reputation risks. (22)
Eight of the top 10 are operational and strategic risks, notes Todd Tueller, partner and risk transformation leader in Ernst & Young's advisory services practice, who has noticed a shift in companies' attention toward these areas and away from financial and controls exposures. "Now the first questions companies ask are: 'What business are we in? What are the industry risks? What's our unique positioning within the industry, and what gives us competitive advantage? Let's list the strategic imperatives that are tied to our overall strategy, and then let's list the processes that are tied to the strategic imperatives, and then the risks that are tied to those. So it's very much a top-down process."
Tueller expects to see an accelerated convergence of risk management and performance management in the coming 12 months. "It's difficult to talk about performance management without having a discussion about the risk indicators," he points out. "And it's difficult to talk about transforming your finance function without talking about world-class steps you can take on your journey to managing enterprise risks."
The E&Y report, which contains in-depth commentary on the top 10 from the firm's analysts as well as a brief treatment of some "below-the-radar" risks (ranked 11 -- 15), is available here.
January 02, 2008
The Top 10 Risks for Business
(Source: www.ey.com)
The greatest strategic challenge facing leading global businesses in 2008 will continue to be regulatory and compliance risks, according to "Strategic Business Risk: 2008 The Top 10 Risks for Global Business" (pdf, 764kb). This is closely followed by global financial shocks, workforce and consumer aging, and the rise of emerging markets.
The new Ernst & Young report identifies the top 10 strategic risks for global business by analyzing the top risks identified for some of the world's most important industry sectors. It also highlights the five fastest-rising threats that could also have a significant impact over the next three to five years.
The top ten risks identified in "Strategic Business Risk" are:
- Regulatory and compliance risk
- Global financial shocks
- Aging consumers and workforce
- The inability to capitalize on emerging markets
- Industry consolidation/transition
- Energy shocks
- Execution of strategic transactions
- Cost inflation
- Radical greening
- Consumer demand shifts
The report was produced by Ernst & Young in collaboration with Oxford Analytica, and sought the views of more than 70 analysts from around the world and more than 20 disciplines. Further reports on each industry sector will be released later this year.
July 30, 2007
Financial Pandora (FIN-PA)
According to IAS 39, for a floating rate instrument that is carried at amortised cost, the current effective interest rate should be used to discount the estimated cash flows. At each balance sheet date it is necessary to assess whether there is objective evidence that any financial asset not measured at fair value through profit or loss is impaired or uncollectible. If there is any objective evidence that such an asset is impaired, the amount of any impairment loss must be calculated.
Global Risk Guard® has now completed Financial Pandora (FIN-PA). FINPA is an excel spreadsheet developed using VBA which will permit to calculate amortised cost and to perform impairment calculation for single or double fix/floating rate loans and bonds.
Many corporations that are reporting under IAS/IFRS have already chosen to use FINPA to calculate amortised cost. FINPA represents a flexible stand-alone software solution to evaluate at amortised cost any kind of financial instrument according to IAS 39 methodology.
The valuations performed by FINPA are also accepted by the major auditing firms.
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