Website review
| Published date | 01 January 1999 |
| Pages | 69-72 |
| Date | 01 January 1999 |
| DOI | https://doi.org/10.1108/eb024998 |
| Author | Martyn Kendrick |
| Subject Matter | Accounting & finance |
Journal of Financial Regulation and Compliance Volume 7 Number 1
Website review
Martyn Kendrick
Received: 7th January, 1999
De Montfort University, Bosworth House, The Gateway, Leicester LE1 9BH;
tel:
0116 255 1551; fax: 0116 251 7204
INTRODUCTION
This website review will consider some
selected websites that are of particular
interest to anyone with an interest in risk
management.
The term risk management covers a very
broad range of topics including financial
risk management, natural disaster recovery,
information technology (IT) risks and busi-
ness continuity planning (BCP). This
review will begin by considering websites
specifically concerned with financial risk
management before briefly looking at
some more general government websites
that provide useful information on disaster
recovery. A small directory of key websites
is set out at the end of this review.
FINANCIAL RISK MANAGEMENT
WEBSITES
International Finance and Commodities
Institute (IFCI)
The IFCI is a non-profit foundation created
in 1984 on the initiative of the Swiss Com-
modities Futures and Options association
to promote global understanding of com-
modity trading and financial futures and
options.
The IFCI risk watch website provides an
excellent guide to regulation and control of
financial risk, and allows easy access to a
number of important official documents in
the area of financial risk management, and
provides hotlinks to many other relevant
websites. The organisation of the site is
described below.
First, there is an introduction to risk
management which provides an overview
of the main issues in risk management. It
includes a checklist of questions that stake-
holders should ask senior management
about their risk management practices. It
also includes some case studies on Sumi-
tomo and Barings to illustrate the potential
problems of inadequate risk control, and
suggest how management might foster a
better risk management culture within the
organisation.
Secondly, it examines key risk concepts
such as the sources of risk (credit risks, set-
tlement risks and market risks), the motiva-
tion for official regulation (systemic safety,
market integrity and customer protection),
and techniques for risk mitigation (risk
control, capital adequacy, regulatory coop-
eration, sales practices, netting and insol-
vency, and accounting and discloure.
Thirdly, it provides a very comprehen-
sive risk library containing regulatory
documents since 1988 from, among others,
the Basle Committee, the International
Organisation of Securities Commission
(IOSCO), and the Group of Thirty (G-30).
The site includes a document index to
enable you to search the database by date,
author, title or key risk concept. There is
also a glossary listing 3,000 risk related
terms to enable the user to obtain greater
understanding of the more technical terms
in the documents.
Finally, this website provides hotlinks
through to relevant regulatory risk web-
Journal of Financial Regulation
and Compliance, Vol. 7, No 1,
1999, pp 69-72
© Henry Stewart Publications,
1358-1988
Page 69
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