FRSGlobal

Continuity, Insurance and Risk , February 2011: Don’t look back

Selwyn Blair-Ford, head of global regulatory policy at risk management consultancy FRSGlobal, said: “The biggest challenge for many organisations will be keeping abreast of changes given that timely and relevant information is critical to the management of regulatory affairs and risk. Next, comes the problem of understanding and communicating their implications – whether it’s in the context of Basel III, SEC or the FSA. Associating such changes with your risks and policies is one thing, but prioritising is another and will be onerous when there could be thirty actions arising. People and systems will need to be proactive, not reactive. Going forward, compliance and risk must be conjoined and the approach consistent (across any one organisation. Information can no longer exist in silos.”

Read the full article here, courtesy of Continuity, Insurance and Risk »