Speaking at the StrategicRISK APAC Forum 2019
- By Gareth Byatt
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- 01 Jun, 2019
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I was delighted to be one of the Speakers at the StrategicRISK APAC Forum 2019, in Singapore on 30th May.
I talked about risk appetite, and how to use it as an effective risk management tool. When it is used well, risk appetite can be a good way to ensure you have a good culture of decision-making, with clarity on what risks need to be taken and managed.
Risk appetite can be defined as "the amount of risk that we are willing to seek or accept in pursuit of our objectives, and we can use this facet of risk management to see how aligned people’s decision-making is to achieve what should be aligned objectives."
Risk Managers and Risk teams should make sure that they talk to lots of different people, from the C-suite through to operations, functional managers and frontline managers about their appetite for risk. If you’re talking to them and having simple discussions about risk you will pick up on important things. That’s the good thing about risk appetite - you can keep it simple when you talk with people. Engage with them about what objectives they are working towards, and ask this question: So, what’s your risk appetite for the risks you face to achieving your objectives?”
A risk team should be talking to people across their organisation because normally we’re one of the few functions that can actually do that. We should be making sure that what board and execs think (which may take the form of a formal Risk Appetite Statement, or it may not) is aligned all the way through to front line, whilst appreciating the different priorities that different teams have.
The span of discussions ranges from what the board team is thinking about through to the kinds of risks that people across the organisation are taking and managing in all areas. You want to help people to achieve their objectives.
Transparency and visibility is important. This relates to organisational culture and decision-making, and alignment on what a strategy is and how to deliver it, because if you have a good culture then people will have these discussions (which can sometimes be tough and challenging), to help ensure critical decision-making in a de-biased manner.
I talked about risk appetite, and how to use it as an effective risk management tool. When it is used well, risk appetite can be a good way to ensure you have a good culture of decision-making, with clarity on what risks need to be taken and managed.
Risk appetite can be defined as "the amount of risk that we are willing to seek or accept in pursuit of our objectives, and we can use this facet of risk management to see how aligned people’s decision-making is to achieve what should be aligned objectives."
Risk Managers and Risk teams should make sure that they talk to lots of different people, from the C-suite through to operations, functional managers and frontline managers about their appetite for risk. If you’re talking to them and having simple discussions about risk you will pick up on important things. That’s the good thing about risk appetite - you can keep it simple when you talk with people. Engage with them about what objectives they are working towards, and ask this question: So, what’s your risk appetite for the risks you face to achieving your objectives?”
A risk team should be talking to people across their organisation because normally we’re one of the few functions that can actually do that. We should be making sure that what board and execs think (which may take the form of a formal Risk Appetite Statement, or it may not) is aligned all the way through to front line, whilst appreciating the different priorities that different teams have.
The span of discussions ranges from what the board team is thinking about through to the kinds of risks that people across the organisation are taking and managing in all areas. You want to help people to achieve their objectives.
Transparency and visibility is important. This relates to organisational culture and decision-making, and alignment on what a strategy is and how to deliver it, because if you have a good culture then people will have these discussions (which can sometimes be tough and challenging), to help ensure critical decision-making in a de-biased manner.
I was delighted to be invited by the Municipality of Bordeaux in France to take part in their resilience month ( le mois de la résilience) in mid-October 2024 - just as I did the previous year, in October 2023.
We held very interesting in-person discussions about how my Urban 2.0 framework and system can be used by cities and towns around the world, and also the release of the UNDRR Global Assessment Report, Special Report 2024, which I was delighted to contribute towards.
The municipality of Bordeaux is continuing to pursue some excellent work in urban resilience, which I will be profiling in due course...
We held very interesting in-person discussions about how my Urban 2.0 framework and system can be used by cities and towns around the world, and also the release of the UNDRR Global Assessment Report, Special Report 2024, which I was delighted to contribute towards.
The municipality of Bordeaux is continuing to pursue some excellent work in urban resilience, which I will be profiling in due course...
Almost half of Small Island Developing States' (SIDS) populations reside in urban areas. Research into urban resilience and urban planning tends to focus on cities in large nations, and only a relatively small amount of specific research on SIDS cities currently exists. However, much of the general urban resilience research is applicable to SIDS, as long as context is considered.
This paper focuses on ways to implement measures that will foster resilient and dynamic cities in SIDS. Ensuring good policy action to build, maintain and continuously improve these cities is key to achieving sustainable development and resilient prosperity as set out in the Outcome Document of the Fourth International Conference for Small Island Developing States (SIDS4).
I am delighted to be one of the presenters at the SIDS Future Forum (with a focus on how to build resilient and dynamic cities on small islands).
With growing challenges like climate change, debt burdens, and dwindling resources, they desperately need an actionable, doable, and ambitious roadmap for the next decade. 2024 is an important year for SIDS, with the SIDS4 conferencetaking place in May.
You can access details about the Forum on the Island Innovation website, here.
With growing challenges like climate change, debt burdens, and dwindling resources, they desperately need an actionable, doable, and ambitious roadmap for the next decade. 2024 is an important year for SIDS, with the SIDS4 conferencetaking place in May.
You can access details about the Forum on the Island Innovation website, here.
The second edition of the Disasters Avoided Newsletter is live. You can access it here.
I am delighted to announce that a new Newsletter has commenced - the Disasters Avoided Newsletter.
You can read edition #1 here. This first edition is an introduction to our work, containing a summary of some of the work we are undertaking, links to case studies and interviews with people about different aspects of avoiding disasters.
You can read edition #1 here. This first edition is an introduction to our work, containing a summary of some of the work we are undertaking, links to case studies and interviews with people about different aspects of avoiding disasters.
I am delighted to announce the launch of a new website, disastersavoided.com. In this website, myself and my colleagues Ilan Kelman and Ana Prados are compiling case studies to describe how disasters have been, are being and need to be avoided through a symphony of action. We are also adding supporting information in the shape of interviews, papers, articles and links to Newsletter editions...
I was delighted to be invited by the Municipality of Bordeaux in France to take part in their resilience week ( la semaine de la résilience) in mid-October 2023.
We held a very interesting in-person round table discussion with citizens about how disasters can be avoided.
The municipality of Bordeaux is pursuing some excellent resilience work, which I will be profiling in due course...
We held a very interesting in-person round table discussion with citizens about how disasters can be avoided.
The municipality of Bordeaux is pursuing some excellent resilience work, which I will be profiling in due course...
I was delighted to be a Presenter on a webinar held on 18 July 2023 led by the United Nations Development Programme (UNDP) in partnership with the United Nations Office of Disaster Risk Reduction (UNDRR), which discussed the question: ‘Can disasters be avoided?’
We reviewed approaches being taken to prevent hazards from turning into disasters, including examples and how innovation is helping countries, cities and communities prevent adverse fallouts from hazard events.
You can access the webinar and download all presentations here.
We reviewed approaches being taken to prevent hazards from turning into disasters, including examples and how innovation is helping countries, cities and communities prevent adverse fallouts from hazard events.
You can access the webinar and download all presentations here.
My involvement in infrastructure continues, including editing the February 2023 Newsletter of the IRM Infrastructure Group, which you can access here.
I continue to serve on the committee of the IRM Infrastructure Group, and part of my role is to coordinate the Group Newsletter.
The December 2022 edition, which covers a wide variety of infrastructure-related topics, is available here...
The December 2022 edition, which covers a wide variety of infrastructure-related topics, is available here...