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Dear member, I am just back from Frankfurt where we took part as media partners in the Risk Capital Conference organized by ICBI. The mood of the both speakers and participants seemed somewhat subdued. The banking industry is not the happiest place right now. The key themes centred on both Strategic insights as presented in the keynote by Norbert Walter, former chief economist of Deutsche Bank and soul searching by a leading academic (presented by Paul Embrechts, Director of RiskLab, ETH Zurich). The other more technical discussions concentrated on practical implementation techniques in Capital Allocation, Stress testing, Credit, Market & Liquidity Risk Requirements for the New Basel Framework.
You can find the excerpts of some presentations via the following link:                                                                        
The situation on the ground in both USA and in Europe is quite alarming with inability of both politicians and top business elite to navigate the stormy waters and provide the clear policy and action course. Banks, especially in Europe need another round of re-capitalization. The European financial stabilisation facility (EFSF) is being beefed up and measures have been taken to limit the consequences of the Greek default when it eventually comes in one form or another. 

But will it help in preventing the next recession or even worse, a new Great Depresiion and stimulate the growth? This is another Trillion dollar question, the answer on which many of us will get rather sooner than later. Watch out the next summit of the G20 in Cannes early November!

If you find our community helpful, feel free to invite your colleagues and friends so they can benefit as well by using this invitation link.

By the way if you got a frog for a picture, hurry up and replace it! 

Lee Werrell is asking a question on Inter Dealer Risk Library.

Say hello and get connected see all our members's introductions here.

  As many of you probably know we are participants in the exclusive SAP CFO Intellectual Exchange Network.
Participation in this network will provide our members early access to pre-released research, white papers and other high value content. As a member of this network we got an early access to the following research:  Strategic Profitability Management
Please go ahead, read the paper and provide your opinion, give and ask an advice on the implications of the research on your work. 


2nd IT GRC Meeting in Lisbon, Portugal

Dear Infosec Professionals,

The ShadowSEC is the organizer of 2nd IT GRC Meeting.

The event will be held in Lisbon/Portugal in 14th to 15th - October, and will be responsible for gathering professionals to discuss important issues such as Risk Management, Governance, Compliance, Cybercrime and Information Security.

See our agenda -

See our last newsletters:


 6th Annual CFO Rising West – October 16-19, 2011 – San Diego, CA

“The Top 10 Strategic Challenges for the CFO”

What does it mean to be a strategic CFO today?
How do you balance your financial and strategic objectives?
Do you have the updated tools you need?
And, are you positioned to succeed in this expanded role?
Get the answers to these questions and more at the 2011 CFO Rising West Conference. You’ll delve intothe Top Ten Strategic Challenges of CFOs today. You’ll learn what it takes to be the most strategic, andmost valued, CFO in your industry.

Featured speakers include leaders from some of the most successful finance teams, including:

Peter Mondani, VP, Financial Leadership Development & HR, GE
Zanny Minton-Beddoes, Economic Editor for The Economist and Former IMF Economist
Neil Schloss, VP & Treasurer, Ford Motor Company
Matt Armanino, COO & Partner-in-Charge, CFO Advisory Services, Armanino McKenna LLP
Michael Beer, Cahners-Rabb Professor of Business Administration, Emeritus, Harvard BusinessSchool
David Denton, CFO, CVS Caremark
Mark Garrett, CFO, Adobe
Peter Guber, Chairman & CEO, Mandalay Entertainment Group; Co-Owner, Golden State Warriors; Oscar-awarded Movie Producer; UCLA Professor
Adrian Slywotzky, Director, Oliver Wyman
And more!

View the impressive speaker list and agenda at
Attend and you’ll also earn up to 31 CPE Credits!
Register at or call (888) 767-5924

Reference discount code GR600


22nd Edition: SOX Compliance & Evolution to GRC Conference
November 15-16, 2011
Chicago, IL

This conference will bring together leading SOX and Compliance practitioners to review the required blend of compliance and risk-based strategies, as well as methodologies necessary, to meet federal mandates while developing greater efficiency across their GRC footprint.

Attending This Premiere Conference Will Enable You to:

• Hear from the SEC and PCAOB on SOX Compliance and Recent Court Rulings
• Achieve greater efficiency through the deployment of a risk-based approach
• Explore how the Dodd Frank Act has made SOX more strict and clever
• Ensure that SOX is a continuous process rather than an annual compliance exercise
• Identify the right tools for your SOX compliance efforts

For more information or to receive a discounted rate, please contact Michele Westergaard


-Additional premium Services - for people who are serious about both their professional networking and carrer.
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Have a great weekend and give us your feedback on what would you like to see on GlobalRisk Community.
Thank you for being here.

Boris Agranovich,

Founder @ GlobalRisk Community