Risk Monitoring

This phase is the establishment of a monitoring and control of the risk profile of the company. It starts with the determination of the tolerable level of risk for the company. This tolerance is defined not only in terms of maximum risk but also in terms of risk atypical. Of course, the threshold defined by the company must be a regular challenge to ensure its relevance to the evolution of endogenous factors (trade policy, training ...) and exogenous (regulation, competition ...).

The monitoring device as defined by the company and driven by the risk management objectives are to:

* Increase the visibility of the risks;
* Better organize and improve processes;
* Preserve the results or business performance;
* Optimize the load management;
* Assign more effectively equity.

To achieve these objectives, the company has a network of "corresponding risk" in charge of a "portfolio risk" associated with the activities. This will be for this team:

* Implement the actions for the detection of risk (term limits ...)
* To analyze the causal factors of risk events (no audit clauses in contracts ...)
* Ensure the implementation of corrective actions and the definition of operational contingency plans (follow the recommendations ...).

To complement this, it is necessary to define indicators for the management of major risks that may be presented to all levels of the company (management, legislative and executive).

These sets of provisions are the minimum needed to ensure accountability, awareness and training of stakeholders on issues of risk.

Invest In Gold Online

Investments in gold have so many advantages, when compared with other sort of investments. Most of the paper currencies may be devalued by the governments but not the gold. Gold is the protective asset for holding the value; yes it preserves its value for your investment. When compared with various investments, by investing in gold you are enjoying the direct ownership rights and with no other investments you can claim so. Every financial expert aware the economic situation worldwide and knows the fate of paper currencies more particularly dollar is hanging.

Most of the countries over print the paper currencies and they crash which badly affects the traditional way of investments and savings. At the same time the investor holding precious metals like gold emphasize tangible value of his asset. Hence this is the right time to change over from currency based investment to investment on gold and other precious metals. Investing in gold bullion is the easy way of investment and you are enjoying the direct owner ship and the physical possession of your asset. The gold bullions are specifically minted for the purpose of investment. Chinese Panda gold coins, British Sovereign gold coins and French Franc are the globally recognized investment. There are twenty eight varieties of panda gold coins available. Other easy of investment is investing in British Sovereign gold coins and they are of superior quality. The French Franc gold coins are popular for their unique and exquisite designs. Investing in French Franc gold coin is the smart way of investment and these affordable coins come with the strong guarantee from the government.

You can directly purchase these assets and take physical delivery else it will be safely packed and delivered at your door steps. Each type of gold purchase has different benefits so it is best to call 1-877-962-1133 to find out which one best suite your investment objectives.

The Operational Risk Management

Despite the strengthening of regulations on risk management in recent years, the banking sector could not avoid. Subprime crisis, which by contagion has affected the rest of the economy, has highlighted the fragility of the various devices to control risks in force in the financial institutions, rating agencies and supervisors of financial markets. This weakness was also reflected in internal fraud which cost Society General 4.9 billion Euros.

It follows from these two major events the observation that the advent and implementation of new regulations do not allow companies to be fully exempt from risk factors to the origin of these losses. Indeed, recent actions by U.S. authorities to strengthen the financial sector by extending the powers of the Federal Reserve Bank and the European ideas and initiatives can only be effective if the various players take full ownership of their system risk management.

Appropriating the device operational risk management is putting in place a structured approach marked by a number of essential steps which include:

This is to define a framework that sets out the principles and rules of the potential risks have been shown to affect the company (benchmarks, risk governance committee ...). Indeed, the different activities and policies initiated by the company to expose operational risks can generate losses. These risks can be understood only with the establishment of a true corporate culture. The policy of operational risk management is the first step of this investment after the definition of its risk profile. It must be in perfect harmony with the various regulations, including Basel II, which involves the establishment of a regulatory monitoring for a regular update of this policy.

Finally the definition of a policy of operational risk management must be built in the same priority as commercial actions to prevent deterioration in the performance of the company.

Operational Efficiency Maximization

The search for sources of operational efficiency is generally only addressed through the analysis process. This approach is now well understood by operational staff. It also allows you to link to the Planning of IS which is also based on the description of the process.

This approach processes seek to identify redundancies, gaps, points of blocks. However, the search for sources of operational efficiency should also focus on service delivery to customers, whether operational or project: What are the services provided to date? What are the extensions of the scope that would significantly enhance service delivery and to benefit a greater number of actors (for example by integrating an operation today at the expense of clients)?

We also seek activities that have a characteristic position in relation to the concentrations of three assets:

* Information:
o dealer or a producer of information (focus information)
o interface or distributor of key information (broker positioning information)
* Means:
o holds a treatment capacity of computer or human (average concentration)
* Expertise:
o special expertise (concentration of expertise)


The presence of one of these assets is not enough to be a center of operational efficiency. However, from a couple of them, it will then be possible to change the activity to achieve a complete positioning. For example, concentrations are repositories of information. Develop the application infrastructure to manage this information and strengthen the expertise associated will then disseminate information on a larger scale and with better quality. This significantly raise the value added of the activity management repositories. This concentration of information and make changes to this perspective, therefore this activity subject to the establishment of a center of operational efficiency.

Another complementary approach is possible and easily accessible: mapping generic opportunities for sharing and industrialization will most frequently be used to initiate the search for sources of operational efficiency. This will be considered first and best practices in the sector and identify whether the existing organization is likely to reap the gains quickly.

The development of operational efficiency

The development of operational efficiency is a major concern of the major banking groups. This translates into at the moment through the consolidation of existing services in unique organizational entities in the Group. The aim is to reduce costs while improving the consistency, quality services and ultimately increase the operational efficiency of the entire organization.

However, the real centers of specialized operational efficiency (making the concentration of the three asset expertise, information and resources on a given field of activity) are not yet implemented only in a very ad hoc.
To develop such centers of operational efficiency, it is first necessary to identify relevant activities to concentrate in these clusters, so that they can then grow in terms of gains expertise, knowledge, productivity. Allowing them to have a real impact on the operational effectiveness of the Bank's medium term.



The establishment of centers of operational efficiency can significantly increase the operational efficiency of the entire Bank and facilitate response to the need for continuous development (see previous article in this blog). However, we must first identify the activities that could constitute sources of operational efficiency.

As we mentioned above, will be sought primarily in activities that allow centralization of three assets: information, expertise and resources. Joint ownership of these three assets pave the way for a wider range of services on the perimeter of activity. This offer will consist of both services 'operational' and services for projects. The problem is then to identify and evaluate the essential features of the future organization activities among distributed so far among multiple services or multiple entities.