IABFM Articles

The Dimensions of Risk Management - June 2000 : A Trip Overseas to Examine Risk (December 2006) | Risk Management
by Michael Vincent

I recently returned from a trip to the UK and Asia to examine the progress of the concept of risk management in an educational and business sense. comparison we are well prepared to face the risks that will emerge in the future, if we continue down the path we have set ourselves. Too often because of the distance between us and other developed countries we tend to think we are always behind, this is not necessarily the case here. ...[ Read More ]

The Dimensions of Risk Management - Laundering April2002 (December 2006) | Risk Management
by Michael Vincent

Money laundering, a strange term indeed, but one that has the potential to have an impact on the country as a whole, if we regard reputation as a paramount risk. Money laundering is essentially taking unclean money or money derived from criminal activities and putting it through a process that mean the title to the money at the end of the process is legal or clean. Australia is not a soft target in this area and has sent very clear signals internationally and domestically of its overt hosility to these activities. ...[ Read More ]

The Value of Risk and the Value at Risk (December 2006) | Risk Management
by Michael Vincent

In recent years, risk has become a vital issue for financial institutions management; its successful identification and mitigation will more and more separate the market leaders from the also-rans. In the context of financial institutions, risk is defined as “the adverse impact of profitability of several distinct sources of uncertainty.” ...[ Read More ]

The Dimensions of Risk Management - The Risk Manager – Victim or Survivor (December 2006) | Risk Management
by Michael Vincent

Risk managers can decide to be part of this process or withdraw back to the traditional areas of insurance and occupational health and safety. This month we will look at the “victim cycle” and discuss the steps to professional accountability, These steps will ensure we are seen as a professional and over time we will be valued for our advice and commitment. ...[ Read More ]

The Dimensions of Risk Management - Economic Downturn – Boom or Bust Part II (December 2006) | Risk Management
by Michael Vincent

Correct risk management involves being proactive and looking to the future, any growth should be from a firm base to opportunity, then consolidation and the cycle can then recommence. During a downturn we must prepare for the good times and ensure we are amongst the survivors. Some points to look at are:-.... ...[ Read More ]