tricor roots newsletter may2013(16may) · 2016-05-16 · tricor services limited tel: (852) 2980...
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MALAYSIAMay 2013
Welcome to the May 2013 edition of Tricor Roots InTouch. This Newsletter is aimed at keeping our Clients, Partners & Associates updated on what is happening in the world of Enterprise Governance.
Following the recently concluded Malaysian General Elections, the political landscape for the next 5 years is now clearer. Organizations now need to prepare their business model, processes and human capital to ensure they maximize the potential, whilst minimizing the risks. Is your Organization ready for the challenges ahead?
We are also pleased to congratulate Bank Muamalat Malaysia Berhad on the go-live of
1. Is your Organization positioned for the changing political climate in Malaysia?
As the dust settles over the Malaysian General elections, it is clear that there will be changes in the political climate, particularly on how Organizations operate. These changes can arise from various sources, such as a new tax regime and other legal framework changes.
In any change, there will be new opportunities and threats. The Organizations that has a structured and systematic approach to identify these opportunities and threats will be best positioned to benefit from the changes in the political climate. For many organizations, having an effective and integrated Strategic Planning, Performance Management and Enterprise Risk Management Framework enables such a process to take place dynamically.
Tricor Roots InTouch Newsletter
The Business Enablers
Member of Tricor and The Bank of East Asia Group
Tricor Roots Consulting Sdn Bhd
the MORiS System (Muamalat Operational Risk Solution) on 27 March 2013. The MORiS system is an internal rebranding of the Tricor Roots Q-RADAR system. We are delighted to assist Bank Muamalat in this critical Risk Management initiative.
We hope you enjoy this Newsletter, and as always, please do not hesitate to contact us should you have any queries. We would love to hear from you.
Your Trusted Consultant,
Tricor Roots Consulting Executive Team
2. Bank Muamalat Malaysia Berhad goes live on Automated Operational Risk Management using the Q-RADAR System
Tricor Roots Consulting wishes to congratulate Bank Muamalat Malaysia Berhad on the go-live of the MORiS System (Muamalat Operational Risk Solution) on 27 March 2013. The MORiS system is an internal rebranding of the Tricor Roots Q-RADAR system. The objective of MORiS is to enhance, automate and strengthen the Operational Risk Management processes within Bank Muamalat in line with the increasingly stringent global banking regulations on Risk Management and Compliance, especially with regards to calculation of Economic Capital Adequacy.
The launching of the MORiS system by Dato' Hj Mohd Redza Shah, Chief Executive Officer, Bank Muamalat Malaysia Berhad
As part of the go-live process, Tricor Roots worked closely with the Risk Management function of Bank Muamalat to tailor the system to specific internal requirements as well as leading industry practices. We are delighted to assist Bank Muamalat in this critical Risk Management initiative.
3. Critical Emerging Strategic Performance & Risk Issues
To better support our clients, we have outlined below recent global strategic performance and risk issues. The information contained is based on sources we believe to be reliable, but we do not guarantee its accuracy. Tricor Roots Consulting does not have any ownership over this information, nor does it represent our opinion.
Headline
How Much Risk Can Your Company Bear?
David M. Katz, CFO.com
Mar 11, 2013
Outline
CFOs and risk managers clash over whether they are using a common quantitative metric to gauge their organizations’ tolerance for risk.
Most senior corporate executives, including CFOs, say their companies don’t use a common metric called risk-bearing capacity (RBC) to gauge their appetite for risky, financially threatening activities. But a large number of risk professionals – including some at the same companies – say their organizations do use RBC as a measurement of risk appetite.
That’s a frankly "puzzling" disconnect between top management and the risk managers who are supposed to be providing them with essential risk data and analysis, say the authors of a survey released Monday by the Risk and Insurance Management Society (RIMS) and Marsh, the insurance brokerage. Among other things, it suggests CFOs may be trying to judge risk appetite without the benefit of valuable quantitative metrics, like RBC.
Outline
In the survey, which probes some of the current divides between the C-suite and corporate risk professionals, seventy-five percent of C-suite respondents said that RBC wasn’t used by their organizations, while 50 percent of risk professionals said that it was. Of the 1,200 respondents to the February online survey, 18 percent listed their job function as C-suite and 27 percent said they were risk professionals.
Yet why should CFOs care about measuring their companies’ abilities to bear financial and operational stress? In a word, the answer is "volatility," Yvette Connor, Marsh’s director of client engagement and co-author of the study, told CFO. "There is a cost to uncertainty," she said. "Merely having that [RBC] allocation will force you to be more disciplined" about the way in which you take on risk.
RBC can also be viewed as the amount of risk a firm is willing to take around its key performance indicator, such as levered free cash flow or earnings before interest, taxes, depreciation, and amortization (EBITDA), said Connor, noting that some companies might simply gauge their risk tolerance by asking the question, "What would cause my EBITDA to decrease by 10 percent?"
"Certain industries, such as financial institutions, are well down the path of developing, quantifying and allocating risk-bearing capacity," according to the survey report. "However, other industries tend to operate in more qualitative realms and have not yet formalized their system-wide risk views and related risk tolerances. Given the widespread disconnect between senior management and risk pros, they may have a long way to go."
To read more, click here
About Tricor Roots Consulting
Tricor Roots Consulting is an established and vibrant organization incorporated in 1999 with the mission: Sharing a Passion
for Excellence.
Our vision is to be a global consulting firm backed by innovative software solutions. We are highly focused towards assisting
Organizations and Individuals to achieve their potential for Excellence. Tricor Roots Consulting has vast experience in
providing training and consultancy services in the field of Governance, Risk & Compliance (GRC) which includes
Performance Management advisory for numerous public listed and many more non-listed companies in the Asia Pacific
region from a diverse range of industries.
In addition, since the release of the Q-RADAR System in September 2001, over 400 companies in the Asia Pacific region
have successfully leveraged on the system as part of the Performance Management & Risk Management Framework
Implementation.
For more information, please log on to www.tricor-roots.com.
Tricor Roots Consulting is part of the Tricor Group of companies. To find out more, go to www.tricorglobal.com.
Headline
How Much Risk Can Your Company Bear?
David M. Katz, CFO.com
Mar 11, 2013
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