Heat Maps and Risk Management
Heatmaps are commonly used as reporting and discussion tools in risk management. However, there are two different types/categories of heatmaps, only one of which is useful.
Minimum Capital Requirements for Market Risk (BCBS)
This document sets outs the amended minimum capital requirements for market risk that will serve as the Pillar 1 minimum capital requirement as of 1 January 2022, replacing the current minimum capital requirements for market risk as set out in Basel II1 and its subsequent amendments.
Agile Transformation: Business Strategies and Best Practices for VUCA and BANI World
Organizations today operate in environments characterized by volatility, uncertainty, complexity, and ambiguity (VUCA), further compounded by brittleness, anxiety, nonlinearity, and incomprehensibility (BANI). To remain competitive and resilient, companies must adopt agile transformation strategies. This chapter systematically reviews the literature to identify essential business strategies and best practices for implementing agile transformation in such challenging contexts.
IRMSA Risk Report – South Africa Risks 2020
At this stage in our country’s history, risk management has never been more important. Already, many risks have materialised but in their wake a whole new set of risks have emerged. We, as a nation, as organisations and as individuals must identify these risks clearly, and put the necessary strategies in place to mitigate them.
This was the overall theme of the address to the IRMSA Risk Conference in October 2019 by Chief Justice Mogoeng Mogoeng.
He said that we need “to prevent new risks from emerging while we manage those that already exist – with a view to reduce them or minimise them and to hopefully eliminate or leverage them in the long run.”
The Chief Justice set the context by correctly noting that our approach to risk must be informed by the shared national vision embodied in our Constitution. He emphasised that this vision incorporates the fact that there were injustices in the past, and that they need to be redressed or they will continue to constitute risks to our democracy and erode the social capital on which every nation depends:
What is it that we are called upon to do as individuals and as the citizenry of South Africa? How will we make sure that those injustices of the past do not continue to pose the risk they posed in the past? How do we eliminate them so that we can become the stable, peaceful and prosperous nation that we all desire to be?
Anticipating Risks and Seizing Opportunities – PwC Risk Roadmap 2026
PwC’s Risk Roadmap for 2026 outlines how geopolitical volatility, rapid regulatory change and technological disruption are reshaping the risk landscape, demanding resilience and intelligent risk‑taking from leaders. It highlights macrotrends (geopolitical realignment, regionalism, declining multilateralism), a dense EU regulatory pipeline, and the need to reinvent compliance as a strategic, tech‑enabled capability. Seven “hot topics” are profiled: cyber security, AI, sustainability/internal controls, third‑party risk, supply chain, tax/transfer pricing, and people/organisation, each with risk drivers, red flags and board‑level questions to strengthen assurance, resilience and value creation by 2026.
Strategic Management in 2024: Key Strategies for Business Success
Strategic management is the cornerstone of business success. It's about setting clear goals, analysing strengths and weaknesses, formulating a robust plan, and executing it flawlessly. From SWOT analysis to balanced scorecards, the right tools can propel your company forward. Embrace this process, and watch your business thrive in today's competitive landscape.
Risk Management Tools and Techniques
Risk management is one of the most important aspects of any successful project or business strategy, as it helps organizations identify, assess, and mitigate potential risks that could impact their goals. Businesses can secure operations and expand growth opportunities by implementing practical risk management tools and techniques. In this article, we'll explore some of the most widely used risk management tools and techniques, offering insights into how they could help address uncertainties and enhance your decision-making process.
Global Risks Report – 2025
The Global Risks Report 2025 presents the findings of the Global Risks Perception Survey 2024- 2025 (GRPS), which captures insights from over 900 experts worldwide. The report analyses global risks through three timeframes to support decisionmakers in balancing current crises and longer-term priorities.
Integrating Cybersecurity and Enterprise Risk Management (ERM)
The increasing frequency, creativity, and severity of cybersecurity attacks means that all enterprises should ensure that cybersecurity risk is receiving appropriate attention within their enterprise risk management (ERM) programs.
Managing Legal Risks
The other day, I had a chat with a risk management consulting colleague who was working with and focusing on legal risks. He had trouble doing this well as he found that people with a legal background:
• Have limited or no insights into statistics
• Rarely, if ever, work with a spreadsheet
• Find it hard to quantify risks and opportunities