Purpose – The purpose of this paper is to suggest that in the arena of human capital, risk-mitigation may overshadow risk-optimized decisions, and show how a more balanced approach can be achieved by understanding and applying frameworks from behavioral decision theory, as well as framing...

Purpose – The purpose of this paper is to examine emergent risk and resilience strategies being adopted by non-profit housing associations faced with uncertainties as a result of public funding austerity and the implications of welfare reform. Design/methodology/approach – The study draws on...

Purpose – The purpose of this paper is to explore the notion of effectiveness in the context of organisational crisis. It considers the “darker” side of organisational effectiveness by exploring the processes by which effectiveness can be eroded as an organisation moves from an ordered...

Purpose – To explain how information technology (IT) governance enables an organization to achieve three vital objectives: regulatory and legal compliance, operational excellence, and optimal risk management. Design/methodology/approach – Describes the role in IT governance of functions such...

Purpose – To discuss the scope and limits of the compliance department's responsibilities in securities firms. Design/methodology/approach – Describes the background to establishing stand‐alone compliance departments; the organizational structure of compliance departments; typical...

Purpose – The purpose of this paper is to summarize new guidance from the UK Joint Money Laundering Steering Group on best practices for anti‐money‐laundering and combating the financing of terrorism (AML/CFT). Design/methodology/approach – Summarizes key changes including greater...

Purpose – The purpose of this paper is to explain the risk of bad mutual fund data for a financial services firm that sells mutual funds and to recommend steps a firm can take to ensure the reliability of its mutual fund data. Design/methodology/approach – Explains problems caused by missing...

Purpose – The purpose of this paper is to assist investment company managers in proactively navigating the risky and ever‐changing market and regulatory environment and to provide an outline for a flexible and robust risk‐based compliance management methodology. Design/methodology/approach...

Purpose – This paper sets out to explain the new Securities and Exchange Commission Rule 15c3‐5, which will require broker‐dealers to adopt and implement risk controls to govern their provision of “direct market access” (DMA). Design/methodology/approach – The paper explains how the...

Purpose – To summarize and comment on a Risk Alert issued on February 3, 2015 by the SEC’s Office of Compliance Inspections and Examinations (OCIE) to summarize its findings following examination of the preparedness of 57 broker-dealers and 49 investment advisory firms to address legal,...