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Risk Management Presentation January 21 2013

Risk Management Presentation January 21 2013

Ratings: (0)|Views: 3 |Likes:
Published by George Lekatis
International Association of Risk and Compliance Professionals (IARCP)
http://www.risk-compliance-association.com

Every Monday
Top 10 risk and compliance management related news stories and world events
Do you want to receive (at not cost) every Monday the Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next?
You can register at:
http://www.risk-compliance-association.com/Top_10_Risk_Compliance_Management_Stories_Events.html

Receive the New Member Orientation Newsletters
You will have the opportunity to learn (at not cost) what members registered before you have already learned. Understand better risk and compliance management, projects, careers, challenges and opportunities.
You can register at:
http://www.risk-compliance-association.com/New_Member_Orientation_Newsletters.html
International Association of Risk and Compliance Professionals (IARCP)
http://www.risk-compliance-association.com

Every Monday
Top 10 risk and compliance management related news stories and world events
Do you want to receive (at not cost) every Monday the Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next?
You can register at:
http://www.risk-compliance-association.com/Top_10_Risk_Compliance_Management_Stories_Events.html

Receive the New Member Orientation Newsletters
You will have the opportunity to learn (at not cost) what members registered before you have already learned. Understand better risk and compliance management, projects, careers, challenges and opportunities.
You can register at:
http://www.risk-compliance-association.com/New_Member_Orientation_Newsletters.html

More info:

Categories:Types, Business/Law
Published by: George Lekatis on Jun 14, 2013
Copyright:Attribution Non-commercial

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06/14/2013

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1
 
International Association of Risk and Compliance
Professionals (IARCP)
 
1200 G Street NW Suite 800 Washington, DC 20005-6705 USA Tel: 202-449-9750 www.risk-compliance-association.com
 
Top 10 risk and compliance management related news storiesand world events that (for better or for worse) shaped the week's agenda, and what is next
 
Dear Member,
 
If I tell you
that this paper from the BaselCommittee
starts with a poem,
will youbelieve me?
 
It is true!
 
I saw it and I immediately thought
 
Oh,
it‘s
going to be a bad day.
 
In the past, I sometimes had to spendone hour per pageto understandsome Basel ii/iii pap
ers…
now that they need a poem to start, what isgoing to happen?
 
I know you
ask…
what poem George?
 
Where is the wisdom we have lost in knowledge?Where is the knowledge we have lost in information
?
 
T. S. Eliot. The Rock (1934)
 
Now I am sure: T.S Eliot could become a risk management expert.
 
Ialways investigate every section, reference and past paper mentioned toany paper from the Basel committee(this is how I spend one hour per page average), soI want to read all the poem, not only this part. It may beimportant in order to understand the regulation! Otherwise, why wouldthey start with a poem?
 
I found the part of the poem that was written in the paper:
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
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Where is the Life we have lost in living?
 
Where is the wisdom we have lost in knowledge?Where is the knowledge we have lost in information?
 
Now I wonder why they ignored the first part
Where is the Life we havelost in living
?
 
Perhaps they know the answer 
trying to comply with Basel {1, 2,
3…}
 
I called afriend, attorney and lobbyistin Washington DC and I asked himabout the poem
well,he knew it very well,and he told me that the poemis about alife lived without religion; it is against communism andfascism, against totalitarian regimes.(My first thought: Did I mention
which
poem?)
 
Oh, perhaps I must call another friend, a university professor in Harvard,to haveanother opinionand to keep somewhere in the middle? No, it istoo much for a day, I will better read the poem.
 
The poem
 
The Eagle soars in the summit of Heaven,The Hunter with his dogs pursues his circuit.
 
О
perpetual revolution of configured stars,
 
О
perpetual recurrence of determined seasons,
О
world of spring and autumn, birth and dying!
 
***
 
Where is the Life we have lost in living?
 
Where is the wisdom we have lost in knowledge?
 
Where is the knowledge we have lost in information?
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
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***
 
I journeyed to London, to the timekept City,Where the River flows, with foreign flotations.There I was told: we have too many churches,And too few chop-houses. There I was told:
 
Let the vicars retire. Men do not need the Church
 
In the place where they work, but where they spend their Sundays.
 
In the City, we need no bells:Let them waken the suburbs.
 
I journeyed to the suburbs, and there I was told:We toil for six days, on the seventh we must motor 
 
To Hindhead, or Maidenhead.
 
If the weather is foul we stay at home and read the papers.In industrial districts, there I was told
 
Of economic laws.
 
In the pleasant countryside, there it seemedThat the country now is only fit for picnics.And the Church does not seem to be wantedIn country or in suburbs; and in the town
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com

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