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Issue #65

Issue #65Editor's Letter - Good risk management is not a blame game: When it comes to IT risk management, placing blame doesn’t fix anything; it only serves to show how out of our depth we are when it comes to meeting the cyber challenge, says editor Carrie Cook.
 
News: Analysis of the major risk-related news stories of the past few weeks, including the WannaCry cyber attack, a report on banking regulation from Chatham House and the AON global risk survey.
 
Interview - No risk is an island: Carrie Cook catches up with Julia Graham, deputy CEO of Airmic, to learn more about its recent initiatives aimed at educating and empowering risk managers at all levels of the profession.
 
Regulatory Update: An update on recent regulatory developments, including new data from the FCA, the latest on Trump’s plans to simplify regulation and a new financial crime-beating initiative in Singapore.
 
Crime script analysis: a new ally against cyber crime: Gianluca Riglietti from the Business Continuity Institute looks at how risk managers can utilise crime script analysis to better understand and mitigate against cybercrime.
 
The change dynamic: operational risk management in technology change: Operational risk expert Ken Campbell takes us through the complexities associated with IT change and how risk management teams can ensure their influence is felt throughout a project’s lifespan.
 
Dimensions in risk measurement: Risk is most often calculated by multiplying the impact of an event by its probability. Here, Hernan Huwyler has a look at some alternatives and how they fit into the risk management framework.
 
How To... achieve risk integration across risk sub-types: RiskBusiness’ Mike Finlay provides a step-by-step guide on achieving true integration across the many risk sub-types often created under the operational risk catch-all.
 
Dear CEO: Every month, an anonymous senior executive of a financial services firm writes a letter to the CEO about concerns they have always wanted to raise.