Ebola Virus Disease Pandemic Risk Review

Discover more about ebola virus. Identify ways to prevent ebola contraction and spread. Review current ebola virus pandemic risk.

The World Health Organisation WHO declared the Democratic Republic of Congos ebola outbreak as an international health emergency

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Those most at risk from ebola outbreaks tend to be health care workers caring for ebola victims.

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19th July 2019 Ebola Outbreak Crisis Worsens

The risk of global pandemic is very low but locally the number of deaths continues to climb. 1600 people have been killed by ebola virus in the DR Congo.

11000 people died in last ebola epidemic in West Africa from 2014 to 2016

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The current large ebola outbreak has not yet resulted in restrictions on travel or trade but the rate of deaths is accelerating.

A further factor in the spread of ebola in the region is the attacks on healthcare workers. This makes it even more likely that neighbouring countries could be seriously affected by the outbreak in the DR Congo.

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Existential Threats With BusinessRiskTV

We are in an existential crisis on so many fronts. Geopolitics threatens around every corner domestically in UK and around the world. Technology could create societal threats and even AI attacks on humans! Pandemic threats are closer than we could ever imagine last century.

However each of these threats presents opportunities to take the upside risk. Turn the threat into an opportunity to grow and prosper.

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UK Online What You Need To Know About Business Risks In UK

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Risks are an inevitable part of being in business. How you assess and manage business risks may dictate the success of failure of your business. What is the impact of risks on your business?

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How do you assess business risks? Identify evaluate and manage business risks better. Find better ways to manage your business risks. Learn how to develop your business risk management knowledge.

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Growing Threat Of Cyberattacks

Top thought leaders including academics business leaders and policy makers think cyberattacks in top 5 risks facing businesses. The latest World Economic Forum WEF Global Risks Report says we should be focusing resources on cyber risk management.

The risk of theft of data and money as well as cyberattacks resulting in disruption and damaged infrastructure remains very high. It is unlikely that this risk level will fall given the increased use of technology in every aspect of our lives and business.

What can be done to mitigate the threats and seize new business opportunities

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Positive action can be taken to manage cyber risks. We are working with leading cyber risk experts to bring you the best cyber risk management solutions.

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Take Back Control Of Your Future Business Success

Whether you accept avoid transfer mitigate risks or exploit risk opportunities is not straight forward. Find new ways to improve the culture of risk management to boost business performance. Increase your business success.

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Manage Risks Better

Sometimes we have to accept the risks our businesses face to achieve our goals. Taking no action to control the risks does not mean you have not managed the risk. It means you have identified and assessed it and proactively choose to accept it as the risk is within your risk tolerance and appetite for risk.

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Developing a balanced risk management action plan is not easy but it should be simple to work well.

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Taking the right steps to manage risks will boost your business performance with less uncertainty.

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Develop enterprise wide risk management strategy and risk management framework BusinessRiskTV Enterprise Risk Management Framework Tips Advice and Support

Drive the identification reporting and cost effective management of all risks across the enterprise. Learn how to create an efficient risk management framework. See our enterprise risk management solutions for your business problems. Develop a structured approach to enterprise risk management ERM. Use enterprise wide risk management to identify assess and manage all significant business risks.

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Upgrade your risk management governance and compliance framework and practices. More effectively implement an enterprise wide risk based approach to strategic operational and project risks.

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Financial services risk management approach that creates business and economic opportunities BusinessRiskTV Strategic Risk In Financial Services

Strategic risk decision making in financial services industry is not complicated but it is complex. Reduce the complexity to what matters to your business in the financial services sector.

  • Become more efficient and productive
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Failing to be innovative and creative in the financial services sector may place your business at a competitive disadvantage. However innovation and creativity brings added risk. Is that added risk with it? Enterprise risk management ERM approach will help you decide.

In addition ERM risk based decision making will help you protect your financial services business better. Align your business strategy with best practice risk management tools and techniques to reduce strategic operational and project risks.

Regulatory compliance increased investor engagement and expectations and increasingly volatile geopolitical risks makes investing for the future and management of investment risks harder

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The future of financial services industry risk management is also changing with artificial intelligence divergent regulatory controls and splintering risk culture ambitions driving changes in practice.

Keep up to date with best risk management tools and techniques to improve your business decision making. The financial financial crisis is beginning. We just do not know where it started and what we are doing wrong. However being prepared for the next financial crisis should be part of a holistic enterprise risk management approach.

Chances are that fintech will play a role in the next financial crisis. Technology risks are a key risk factor for business growth and disaster for financial services companies in particular.

Lack of need to control risks will also play a role in the next financial crisis. The financial services industry has found it near impossible to manage its own risks without regulatory control. Dissipation in regulatory control will precipitate the financial services industry lunging over the cliff.

The fact that the financial services sector has still not recovered from the last financial crisis is another reason that another financial crisis will occur. Italian Chinese and Indian banks are in particular bursting at the seems with near unmanageable debt levels. Add to that boiling frothing pot of junk political instability in Europe Asia and Americas then you have a perfect storm waiting to be unleashed.

Should we withdraw from business or investing? Of course not. It has always been thus. It has always been about the survival of the fittest. However what has changed is that there is increased realisation that the fittest are those businesses and investors who invest in socially responsible investing. Environmental social and governance risk factors are at play. The strongest are the ones who embrace this philosophy.

A holistic enterprise risk management approach to business management and investing is the future. If you are waiting to look back and acknowledge that with hindsight you will be one who suffers most from the next financial crisis. You may not survive the long term. If you are not looking to the long term then good luck to you. You might get lucky. If you are looking for long term sustainability get on the holistic enterprise risk management boat today. Create long term value through enterprise risk management today not tomorrow.

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3rd July 2019 Number Of Cyber Incidents Reported By UKs Financial Sector Jumps

According to the Financial Conduct Authority FCA there has been jump in the number of cyber incidents reported by the UK’s financial sector.

Under the EUs General Data Protection Regulation GDPR financial sector businesses must report certain types of security breaches.

Many financial industry businesses are still trying to get the basics right on cyber risk management.

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Understanding risk tolerance and delivering risk appetite BusinessRiskTV Risk Appetite and Risk Tolerance

Managing your risk appetite and risk tolerance better. What level and nature of risk are you able and prepared to take to achieve your business objectives. Define the appetite for each type of risk to deliver your strategic objectives.

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Implementation and operation of risk management and conduct risk frameworks BusinessRiskTV

Tips advice and support for better decision making in financial services industry. Improve conduct risk. Change the way your business relates to your customers. Upgrade your risk management and conduct risk governance framework to ensure everyone knows who does what and when. This should embrace accountability for the consequences of not managing conduct risks in accordance with clear risk management principles risk appetite of the business.

Develop new financial conduct risk compliant products to boost business performance and sustainable business growth

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The whole business needs to report on conduct risk performance. The risk function should help monitor conduct risks within the risk management plan but everyone in the business should be accountable for good customer outcomes. Internal Audit should check the documentation for conduct risk management challenging the whole business and the risk function to improve conduct risk effectively.

The Board executives and senior managers need to develop and embed the right risk management culture for the business risk tolerance and risk appetite. However all staff should be held to account by ensuring that all remuneration and incentives are linked to good risk management practices.

If people are to be held to account the business the board and senior managers must provide the tools to ensure that all staff are capable of delivering conduct risk management principles and practices. This includes training staff developing good risk management systems and early risk warning indicators to enable rapid corrective action to prevent severe impact on business objectives and major personal failure.

What is your financial services business appetite for risk?

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Cut through the management information overload to focus on the conduct risks that matter to your business success and key customer outcomes. Do not procrastinate. Act to remedy deteriorating conduct risks and monitor the effectiveness of your risk management action plan.

  • Identify the best Key Risk Indicators KRIs and Key Control Indicators KCI for your financial services buisness.
  • Change your technological solutions to deliver better conduct risk management
  • Improve organisational behaviour and your risk culture to boost business performance more sustainably

Senior managers and executives will increasingly become accountable for conduct risk in UK. Protect yourself better and find new ways to comply with regulatory obligations whilst increasing your business growth.

Embed a positive risk management culture. Assess from clients point of view whether good customer outcomes are achieved consistently. Analyse trends to identify areas which may need further more in depth investigation and conduct risk assessment. The conduct risk assessment should not just focus on known risks but encompass emerging risks from external and internal risk factors.

Improve customer outcomes from financial services and products. Embed conduct risk in your holistic risk management framework.

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Take steps to make it more likely that your financial products and services meet your customers needs. Deliver better outcomes for your customers with better conduct risk management framework principles and risk assessment process.

What is your risk management capability? How does it address conduct risk. All financial services industry businesses need to develop the right skillset. Organisations need to gather the right management information at the right time and disseminate risk controls have appropriate risk assessment. Does your risk management information system RMIS help you make the right decisions at the right time?

Mitigate the disadvantages of conduct risk and maximise the opportunities from conduct risk management with

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Are you personally accountable? Do you want more comfort that you are doing the right things at the right time? Improve you overview of regulatory compliance and supervisory expectations of conduct risk management.

Effectively empower your colleagues to manage conduct risk better. Treat your customers fairly and protect them and your business from poor conduct risk management.

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The Financial Conduct Authority FCA in UK expects your financial services business to embed conduct risk management into your enterprise risk management framework. You need to use risk based management information to make better conduct risk management decisions.

Upgrade your governance risk and compliance GRC in a more holistic integrated way to achieve more with less uncertainty in UK.

Review your risk management framework principles and risk assessment process to boost business performance. Do not just comply with regulations. Prosper with more certainty.

Understand emerging conduct risks. Manage known existing risks better. Allocate existing resources for better return in conduct risk management. Improve customer outcomes. Know what customers want and need. Gain a competitive advantage within financial services industry.

Treat customers fairly do not just look at process improvement. Be reasonable as a minimum and look to build upon existing conduct risk management. Make sure when you develop financial products and services you meet the objectives and interests of your target market.

Does your risk appetite statement cover conducts risks? Proactively identify conduct risks. Tackle possible unfair customer outcomes before they occur. React more positively when adverse customer outcomes arise.

Develop the best strategic risk management plan for your business to

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Create the conduct risk management plan that works for your business. Understand conduct risk better. Know what you can get out of conduct risk management.

Drive your business forward more confidently without impinging on good customer outcomes.

  • Identify key conduct risks
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  • Produce evidence of good customer outcomes as well as negative outcomes
  • Make first line business units responsible for conduct risk management supported by good risk management guidance and oversight
  • Make your management information systems and technology support business objectives

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Yes you can get your wrists slapped with non compliance fines and destruction of your brand reputation but you could be missing the opportunity to win new market share in the financial services industry.

  • Overcome weaknesses
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Develop open transparent communication across the organisation on conduct risk management. Stop paying lip service to the principles of good conduct risk management. Keep conduct risk management simple. Measure and report on conduct risk in accordance with the level of risk to corporate objectives. Involve the whole organisation in the management of conduct risks.

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Improve your governance risk culture and risk management capability

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Biggest threats facing the world in 2019 BusinessRiskTV Global Risks Report 2019

From extreme weather and climate change to systemic financial collapse. BusinessRiskTV reviews and reports of biggest threats to enterprise objectives around the world. Keep up to date throughout 2019 live and ondemand.

Be more proactive. Improve your response to the threats to your business.

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Many economic analysts are forecasting a further slowdown of the global economy in 2019. Make sure your business mitigates the threats and seizes new business development opportunities in 2019. Tackle the likelihood and impact of global and local risks better.

Be more alert to the risks from geopolitical and geoeconomic in the background to your business decision making to reduce uncertainty.

Tap into our risk management network of enterprise risk management experts to help you manage risk better. We work with risk experts and experience business leaders across the world to assess the risks and identify potential risk management plan.

You can work with our risk management experts to protect your business better and grow faster. Pick up tips advice and support for free online.

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Connect Airways Flybe BusinessRiskTV Business Collaboration Ideas

Could the consortium made up of the likes of Virgin Atlantic and Stobart Group become the example of better business collaboration? If it does not then they have missed a trick to disrupt the aviation and transportation industries.

What an excellent business opportunity to drive business to the business units that make up the whole?

  • Virgin Atlantic long haul specialists
  • Short haul aviation business which has fallen on hard times due to short term financial issues but should not be terminal
  • Energy aviation and rail business

They could all collaborate to drive new business to each other to create faster more profitable business growth

Flybe is being bought by a consortium including Virgin Atlantic and Stobart Group. Inadequate business development at the old Flybe a weaker pound and higher fuel costs all led to the near extinction of Flybe. Flybe shareholders will receive 1p a share and the new consortium saving Flybe from extinction will invest 100 million pounds in the new project. It will operate under the Virgin Atlantic brand.

The consortium saving Flybe is called Connect Airways. Flybe describes itself as Europes largest regional airline.

BusinessRiskTV

Collaborative working is the future for sustainable business growth

Just three examples where collaborative business working could produce so much more with little increased risk assets or investment. In other words some traditional business leaders lack of creativity and innovative thinking is restricting the profitability of their business.

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Embrace the unexpected and make the best of it with BusinessRiskTV

Being in business can be tough. Strong businesses develop a positive risk management thinking strategy. Find the best in any business environment.

Stop looking for things and people to blame for your poor business performance. Research the risks impacting upon your business objectives. Lessen uncertainty. Create positive change in your business.

Learn how to allow and plan for the unexpected. Embrace all risks in business.

BusinessRiskTV

Proactive Risk Based Approach To Business Management

Proactively develop your own risk awareness impacting on your business objectives. Embrace the changing business environment and internal risk factors. Get really good at manage enterprise risks to set clearer path to success.

  • Take control of your future.
  • Change what you do to achieve more with less uncertainty.
  • Embrace all your responsibilities and behave responsibly.
  • Make things happen for your business.
  • Focus on what really matters for your business.
  • Set a clear path and arrive at where you want to get to more confidently

Strong businesses adopt a proactive risk management approach with clear risk management strategy for success. Develop a more stable business with better relationships with all business stakeholders. Be prepared to take on best business opportunities.

What do you want your business to achieve and what are you doing to make sure you are successful?

BusinessRiskTV

What risks are you controlling? What enterprise risks should you not control? Manage the risks you can realistically influence the likelihood of and impact on business objectives should the risk materialise.

Strong businesses assess the risks then implement a well thought out risk management plan. Take some time to analyse different options and identifiable consequences on your business objectives but do not procrastinate. Take risk based business intelligent decisions quicker with more confidence.

Dream Bigger And Implement A New Reality For Your Business

Do not bury your head in the sand or fail to take calculated risks to improve your business performance. Be better prepared to aim higher with stronger business resilience to overcome obstacles. Focus your limited resources on more achievable business goals. Take risks with more confidence. We are not advocating recklessness. Be responsible and consciously embrace the unexpected.

Set your course to greater success with help from us and our collaborative business partners.

BusinessRiskTV

Just because your industry or business sector or country is under the cosh does not mean your business needs to suffer too.

  1. Grow faster despite the adversity you face in business.
  2. Rise to the challenge.
  3. Overcome obstacles in the way of your business.
  4. Turn business threats into opportunities or mitigate the threats to your business.
  5. Seize new business development options.

Create a more proactive flexible reactive strategy to adjust your business to navigate all possibilities. Think and plan bigger!

Subscribe to BusinessRiskTV to make the best of risks

Reduce the impact of the business environment on your business objectives. Take control of the things you can control. Focus your business assets on positive risk management. Invest in business improvement. Learn from other business leaders mistakes. Stop trying to reinvent the wheel and apply best business practices to your business developed by others.

CLICK HERE to receive alerts to latest business risk management news headlines opinions and reviews

Do you own or manage a business?

Review your past but more importantly plan for a better future for your business. Even if your past business performance has been great could you do better?

Collaborate to achieve more together

Whilst we work in a highly competitive marketplace we do not need to fight with everybody for new business! Strengthen your relationship with like minded business leaders around the world to grow your business faster.

Have the courage to reach out to others who could help you whilst you help them.

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Become more confident in your future. Focus your resources on what really matters for your business success.

  • Accept that others need to make a profit too.
  • Celebrate and promote each others business offerings
  • Help others to detect analysis and manage enterprise risks better

Do not just live in our own business bubble. Find the people who complement your business or even fill holes in your business structure. Build healthy business relationships with help from BusinessRiskTV. Care for your new business partners and seek help in return to become more successful. Find time for others you can help to receive help.

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Suggestions To Improve Risk Culture In Banking BusinessRiskTV FCA Risk Culture Review

2008 should have been the watershed moment for the financial services sector and banking in particular to implement systemic changes to incorporate enterprise risk management principles and practices.

Financial services companies have continued to bring to market products that have led to claims for compensation. Nonsense of putting the customer first is often uttered in the financial services sector.

The reality is that the financial services sector risk management culture is still systemically broken and it is likely to lead to the next financial crisis. A financial crisis comes along roughly every 10 years. As we look towards 2019 the next financial crisis is overdue.

How will the next financial crisis manifest itself? Not known. Will it happen? Almost certainly. Most countries have not fully recovered from the last financial crisis. Their economies are still very weak. Even the strong are comparatively weak. This means we may never recover from the next financial crisis and so should do more to make sure the next financial crisis is avoided or mitigated.

Most likely cause of the next financial crisis is the compounding and aggregation of financial risk.

BusinessRiskTV

The last financial crisis grew and exploded from the productionisation of simple debt prototype ideas thought up by people who thought they were masters of the world. Despite the new false perception that after ten years we have now paid our dues we are in fact drowning in more unpaid debt than ever.

Unpaid debt will continue to be wrapped up in shiny new marketing material designed to protect the buyers from the toxicity of the core material. Piled high and sold cheap these debt instruments will be combined and recombined. The new for old debt products will build the tower that will be the start of the beginning of the end for many a business in the next financial crisis.

Connecting Business Leaders On BusinessRiskTV

Finding the latest best risk management practices can be time consuming or unfruitful. We make it easier and better.

Searching for what you need to inform your business decision making process is free. Come back often to find the best of risk management online quickly. Pick up the latest business risk management news headlines opinions debate and business reviews.

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Tsunami Of Change In Retail Sector BusinessRiskTV Retail Risk Management News

Retailers in UK often talk about the threats to their business model and profitability. Maybe this year it is particularly justified. Certainly the amount of retail business failures is significant and the job losses have been truly shocking. Businesses that have been successful for decades or at least around have finally closed their doors or are in the process of closing the doors to their shops.

Manage troubles in the retail industry better and seize new business development opportunities with BusinessRiskTV. Combat the causes of the tsunami of retail store closures regardless of the macro changes your business has to cope with.

Connecting Business

Finding the latest best retail risk management can be time consuming or unfruitful. We make life and business easier and better.

Searching for what you need to inform your retail business decision process is free. Come back often to find the best of retail thinking and practices. Pick up the latest retail business risk news headlines opinions debate and business reviews.

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Pick up tips advice and support to improve your retail business. From supply chains to delivery to the door of your new customers.

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How To Manage Risk In Business BusinessRiskTV Manage Business Risks Better

Identify evaluate and manage business risks better. Discover management of risks tools and techniques. Analyse evaluate and control internal and external risk factors. Tips and advice on the best ways for a business to manage risk impacting on business objectives.

Why is business risk management important? Protect and grow your business faster with less uncertainty impacting on business objectives.

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Learn how to manage enterprise risks better. Inform your risk management process. Improve your risk management system. Read our guides to business risk management.

Connecting Business Leaders

Finding the latest best risk management products and services can be time consuming or unfruitful. We make easier.

Searching for what you need to inform your business decision making process is free. Come back often to find the best risk management products and services. Pick up the business risk management news headlines opinions debate and business reviews.

Subscribe to BusinessRiskTV for free to inform your business decision making

Be better prepared and more cost effectively manage business risks. Treat risks to your business to achieve more with less uncertainty.

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Help others to manage common business risks better.

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Keep Calm And Carry On With BusinessRiskTV

Businessleaders must keep calm and carry on regardless of what risks materialise. Your risk management planning should encompass proactive and reactive actions to manage risk efficiently.

Make sure you protect and utilise your people processes premises and suppliers cost efficiently. Develop processes to seize and develop your business opportunities.

Risk Management is not just about maintaining business as usual. It is a risk based approach to ensuring you make the most from your business assets.

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Network with business leaders around the world to inform your business decision making process to achieve greater success with less uncertainty.

Subscribe to BusinessRiskTV for free

Connecting Business Leaders

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Stakeholder Management Tools BusinessRiskTV Stakeholder Management Plan

Tips advice and support to change your stakeholder management strategy. Manage internal and external stakeholder risks to business objectives. Understand what your stakeholders want from the business.

Transform your stakeholder risks via greater stakeholder engagement

BusinessRiskTV

Build greater trust in your business creates business value. Developing better relationships helps to identify and potentially eliminate enterprise risks arising from misunderstandings or even misinformation. 

Long term successful organisations engage and protect the interests of all stakeholders. Reduce risks to objectives by reducing stakeholders uncertainty in the business.

Connecting Business Leaders To Manage Business Risks Better

Finding the latest best risk management practice tips advice and support can be time consuming or unfruitful. We make it easier. 

Searching for risk management tips advice and support is free. Come back often to find the best of risk management tips. Pick up the latest business risk management news headlines opinions debate and business reviews.

Subscribe for free to BusinessRiskTV alerts on best business practices products and services

Discover how to better engage and influence stakeholders in your business. Identify and manage internal and external stakeholder interests. Make sure your business stakeholders understand why risk management is important to achieving business objectives.

A meaningful and effective risk management process will provide all stakeholders with a better understanding of key significant enterprise risks their impact on business objectives and what needs to be done to manage the risks better.

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