Nouvelles diverses | Page 68

Excellent document produit par McKinsey & Company : « Nonfinancial risk: A growing challenge for the bank » (juillet 2016). Ce document rappelle que l’extra-financier est devenu un facteur à gérer par les institutions financières…

Yet the direct financial consequences of non Financial risk (NFR) are not the only concern. The reputational damage wrought can hit a bank hard at a time when customers, shareholders, and public stakeholders are questioning banks’ business models. And there are also the personal consequences for senior managers, whom regulators increasingly hold accountable for misconduct or failure to comply with laws and regulations. All of this, and the prospect of still tighter regulation, puts considerable pressure on banks to manage NFR better.

(…) Against this backdrop, many institutions seek a more integrated NFR-management approach in order to reduce the risk of further failures, meet stakeholders’ requirements and expectations, and limit costs. This article describes the three key components of such an integrated approach: an enhanced governance framework, a set of enablers, and changes in the front office’s approach and mind-set. It is based on our work with many financial institutions globally and an informal survey of 15 global and regional banks. Some of the structures and ideas we outline here are familiar to banks from their work on financial risk; many are newly conceived for the management of nonfinancial risk. Taken together, a full implementation of these concepts represents a paradigm shift in the NFR-management practices of many banks today.

À la prochaine…

Ivan Tchotourian

Dans son Risques et tendances n° 17 de juillet 2016, l’AMF France offre une belle cartographie des risques auxquels font face les entreprises et les marchés.

L’AMF a publié sa cartographie 2016 qui constitue un panorama de l’évolution sur un an des risques liés à l’actualité économique, financière et réglementaire. Elle analyse le financement de l’économie, les marchés ainsi que l’épargne des ménages et la gestion collective. Pour sa dixième édition, sa publication intervient quelques jours seulement après le référendum ayant conclu à la sortie du Royaume-Uni de l’Union Européenne qui constitue une décision sans précédent et ouvre une période de fortes incertitudes.

À la prochaine…

Ivan Tchotourian

Belle étude annuelle de Pwc consacrée à la criminalité économique : « Global Economic Crime Survey 2016 – Adjusting the Lens on Economic Crime:  Preparation brings opportunity back into focus ».

Today more than ever before, a passive approach to detecting and preventing economic crime is a recipe for disaster. To underscore this fact, our survey uncovered a widespread lack of confidence in local law enforcement – a phenomenon that is not limited to regions or level of economic development. The message is clear: the burden of preventing, protecting and responding to economic crime rests firmly with organisations themselves. Our survey this year focuses on three key areas – Cybercrime, Ethics and compliance programmes and Anti-Money Laundering – and explores certain common themes, including managing the risks associated with the pervasion of technology; what it means to conduct business responsibly across a widening business landscape; and integrating ethical conduct into decision-making.

In addition to highlighting specific areas of economic crime worth focusing on, we emphasise the things you can do better to tackle them – implementing more sophisticated and effective measures that can not only reduce these risks, but also bring the benefits of a more threat-aware business, confident of its defences in a changing world.

À la prochaine…

Ivan Tchotourian

Ma collègue Beate Sjåfjell (qu’on ne présente plus) de la Faculté de droit d’Oslo organise un beau colloque international et interdisciplinaire à Oslo les 29 et 30 novembre 2016 sur le thème suivant : « Life-cycle based management and reporting for sustainable business ».

Meeting the grand challenge of securing a social foundation for all people today and for future generations without destroying the very basis of our existence, is arguably not possible without the contribution of business. What this requires of business in aggregate may be denoted corporate sustainability, which can be defined as when businesses (or more broadly, private, public and hybrid economic actors) in aggregate create value in a manner that is (a) environmentally sustainable in the sense that it ensures the long-term stability and resilience of the ecosystems that support human life, (b) socially sustainable in the sense that it facilitates the respect and promotion of human rights, and (c) economically sustainable in the sense that it satisfies the economic needs necessary for stable and resilient societies. The new UN Sustainable Development Goals with national integration have also given corporate sustainability a new and stronger momentum.

A life-cycle based approach to business, where environmental, social and governance impacts are integrated, is a possible approach towards achieving corporate sustainability. It also has the potential of transcending the barriers between legal entities, both public and private, and across global supply chains and contractual networks.

À la prochaine…

Ivan Tchotourian