Monthly Archives: May 2014

Bribery & Corruption

Why does international anticorruption matter? What is the scope and impact of the UNCAC? Should we be worried about the UK Bribery Act? How does it compare with legislation in other jurisdictions? What can risk managers do to tackle bribery and corruption? Continue reading


No risk manager can be unaware of the issues of climate change

“No risk manager can be unaware of the issues of climate change,” says Helle Friberg, a member of the board of the Federation of European Risk Management Associations (FERMA) and chairman of the programme committee for the 2014 FERMA Seminar. Continue reading


Where will risk management go as the climate changes?

Climate change will bring about a transformation in business as companies seek to manage hazards that we believe will intensify. They will also innovate, developing new products and processes that need less energy to produce or to use. In fact, this evolution in already underway, and while it is taking place seems a good time for the risk managers to think about what they want for their role in the business of the future. Continue reading


FERMA Newsletter 59 (Table of content)

FERMA Newsletter 59 (May 2014)
Download Newsletter 59
May 2014
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Table of Contents


Prizes await Benchmarking Survey respondents and associations

The 2014 FERMA Benchmarking Survey got off to a great start immediately after the Easter holiday with a launch in all 20 FERMA member countries. Within a week there were nearly 400 responses, and this year FERMA is offering some special incentives to encourage participation: Continue reading


Attend the Seminar… be an influencer

Registration is now open for the 2014 FERMA Seminar. The event, taking place in Brussels on 20 and 21 October, is the highlight of FERMA’s calendar for 2014, especially because it will also celebrate FERMA’s 40th anniversary with a gala dinner. Both the Seminar and the dinner are free for members of FERMA associations. Continue reading


Climate change: the risks of doing too much or not enough

Jesper Theilgaard is a familiar face in Denmark and increasingly in other parts of Europe. By background, he is a meteorologist and worked for the Danish national weather service. But as weather science started to get more model-oriented, he decided it was not as enjoyable as before, and in 1990 he became a television weatherman. “That I enjoyed a lot,” he said. Today, however, he is less often in front of the cameras with the forecast, but more as a commentator on the climate, and that is what he will be discussing at the FERMA Seminar. Continue reading


Letter from Brussels

It has been an eventful two months for FERMA! A FERMA team attended RIMS conference in Denver in April. It was a great occasion for both President Julia Graham and me to meet our counterparts at RIMS and at global level. You will find my
report also in this newsletter. In addition at RIMS, I attended a public affairs presentation and met with Nathan Bacchus RIMS Head of Government Affairs. As businesses are global and operate in a competitive environment, we might see issues on which we could capitalise and benefit by sharing actions led by our organisations that further support the profession. One issue we discussed was fear of the non-renewal at the end of 2014 of the Terrorism Risk Insurance Act (TRIA),under which the US government provides catastrophe level reinsurance in the event of a terrorist attack. Continue reading


Professional development diary – the FERMA-Lloyd’s course

Per Kühn is risk and compliance manager for the Danish company B&K Vibro, which produces safety and condition monitoring systems for rotating machinery, and a member of DARIM. Here is his diary for the first session of the 2014-2015 FERMALloyd’s professional development programme which took place on 24 and 25 April at Lloyd’s. Continue reading


Roads to revision – ISO 31000

An ISO working group, hosted at the offices of law firm DLA Piper in London, has put forward proposals for limited revision of the enterprise risk management standard ISO 31000 and an update to the language guide which accompanies it, Guide 73. Their recommendations will go forward to the next meeting of the ISO 31000 technical committee and the working group, which will take place in Istanbul in September. The aim is to have the new documents available before the end of 2016. Continue reading