the world's premier online place for risk professionals and service providers

A message to all members of GlobalRisk community

Dear GlobalRisk Community member,

"When Money Talks, there are few interruptions" -- Herbert V. Prochnow

The latest Fed programme of buying  up $600 billion worth of bonds is known as "quantitative easing 2" or QE2, not to be confused with the cruise liner of the same name. It looks like quantitative easing has come to be the single largest monetary policy instrument left to play for the Central Bankers. It’s another word for monetary expansion or flushing the market with cheap liquidity in the hope that it will eventually be lent out to business and spur economic recovery. QE2 means also that the Fed tried it before with no positive results.

Brasil’s Finance minister likeded the latest Fed action to throwing money from a helicopter. His German counterpart named the Feds action “clueless” and doomed to failure. So it seems that the major players can’t agree on the actions of the Fed.

History tells us that printing money to make jobs is a dangerous inflationary game. History also tells us that there are unique periods of time when these kinds of policies work so we will have to see how it will all work out and hope that the Fed is right.  

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

Issue highlights:

In this issue I want to present you with two interviews I undertook recently.

The 1st interview I took with Mr. Amer Chaudri about his book “Diatribe”.  His story touches on everyday banking people as well as scandal-ridden executives. It speaks to the non-professional as much as to the expert. You can read large excerpts from the book and buy it from both Amazon and Flipkart.   

The 2nd interview was with Mr. Khaled Sheikh, an International consultant and former SVP at ABN-AMRO, and he touches on the important issues of sustainable development and trends in international trade. 

New discussions and blogs:

- Hide quoted text -

Recently the Basel committee published some new important documents. We put links to these documents on the main page for your convenience at the section "Today's Risk Management news".    

Several new members have introduced themselves: Lori Ramos-Marilla and Thomas J Byrnes. Please check out their introduction and go ahead and introduce yourself to the community – using the same thread:who you and what you do

New videos uploaded to the site:

Global Risk community - a risk manager in the desert by Roni Agranovich - a winnar of our creative contest,

Nominate GlobalRiskCommunity for a prestigious award!

You can now nominate the GlobalRiskCommunity for a very prestigious award set up by Mashable , one of the largest authorities in the social media sphere. The category we think we fit the most is "Best Social Media Service for Small Business ".

If you think the same and like our community, click the link below and give us your nomination (and you can do it once a day until November 29). There is a button on the website as well – so this is a good reason to come regularly to the website.

We have completely renewed our Books page Now you can find the best Risk books,  make your search and buy them. You can also advise on your preferred book so we can put it in the selection.   

Several weeks ago we announced our first creative contest to win the media pass for the Hedge Fund Compliance Summit worth at least $2095. We had quite a few reactions. The first price is awarded to my son Roni who is 13 years old. While I was struggling to make a script and produce a short film, he generated his idea within 10 second after I complained to him about my lack of creativity. He also executed the shooting and montage. If you like it, pass it along to your colleagues and friends to spread the word about Global Risk Community. Roni is not so interested in the Risk Conference, but he will get the latest Ipod.

If you are a risk practitioner and have not taken our Risk Management survey yet, please take 1 minute and answer 4 questions  via the  link or just by visiting our main page. 

Members who are interested in receiving more regular risk updates and insights are welcome to subscribe via the following link:

Commercial opportunities:
Companies and individuals are welcome to become sponsors. We have prepared a very attractive package for sponsors and advertisers. We want to propose opportunities such as: A dedicated section of the website to talk to members, possibilities for product focus groups, market research, polls, surveys, videos , etc; Host online/offline events, webinars, chats; full details can be found on the following link:; We are open to discuss any dedicated solutions that might suit your organisation and budget.

YOUR COMPANY on the GlobalRisk community. Our business model is based on a number of faithful partners or sponsors, coupled with the possibility for companies to place commercial advertisements. Do you want to be one of our faithful partners or sponsors, create your company page or advertise on our site? 

Media Kit:

For companies considering the advertising campaign for the Risk Market we prepared our Media Kit which is available on request. For your reference, the new media kit for 2011 will also have a substantial rate increase on it which reflects our membership growth.  If you do want to book in for next year, we can still offer the current rates up until the 1st December, after which the new media kit will be released and the new rates will be in place.

You are welcome to book our High value consultancy services. We deliver trainings, solutions and advice in both risk   and social networking areas.

Message from our partner:

Risk professionals wanted to participate in partner webinar on IT GRC Forum:

1. Event Title: Integrating Risk Management Systems to Optimize GRC
2. URL Link:
3. Date: November 16th @ 3:30pm EST
4. Summary:  Join Chris McClean (Forrester) and our panel of experts as they discuss how to Integrate Risk Management Systems across the organization and Optimize GRC. This 60 minute interactive panel discussion webinar will be moderated by Brandon Dunlap (Brightfly) and attendees can participate and put questions to the panel. Panelist include Sumner Blount (CA), and Jean-Bernard Rolland (SAP) and Chris McClean. It is free to attend and all live attendees will be entered into a draw to win an iPad.

Thank you for being here.
Boris Agranovich
GlobalRisk Community, Founder