Category Archives: Operational Risk

Who Really Is to Blame?

Posted on October 7, 2010 by Kristina

Yesterday, the infamous Jerome Kerviel was sentenced to three years in prison and ordered to repay the estimated €4.9 billion that the French financial institution Société Générale lost as a result of his failed derivative trades. What is surprising to … Continue reading →

Posted in Operational Risk | Leave a comment

Need for Risk Scorecard

Posted on September 29, 2010 by Kristina

Earlier this year, Harvard professor Robert Kaplan (the originator of the Balanced Scorecard used by many companies in setting strategy and managing their businesses) sat down for an interview to discuss how companies can learn from the latest financial crisis. … Continue reading →

Posted in Operational Risk | 2 Comments

Risks With Closely Coupled System

Posted on August 29, 2010 by Kristina

Forbes reported on August 16, 2010 the risk in closely coupled system. If something happens to one area, it quickly ripples to other parts of the system producing unintended and sometimes catastrophic consequences. Afterward, failure was totally predictable. Failures of … Continue reading →

Posted in Hazard Risk, Operational Risk | Leave a comment

Water Problems Near Boston

Posted on August 26, 2010 by Kristina

Boston Globe reported on August 26, 2010 that a water pipeline that sprang a leak in Weston is spewing 25 to 30 gallons per minute, and engineers are trying to devise a strategy to fix it without disrupting the system … Continue reading →

Posted in Operational Risk | Leave a comment