COVID-19 will have a number of unforseen effects on all firms. Andrew Smart, our Head of Enterprise Risk, explains how KRM22’s Enterprise Risk Cockpit can help you navigate these times.
The COVID-19 crisis will, in the short term, require firms to focus on one thing: survival. However, as the crisis hits and rapidly unfolds, too many firms will find their enterprise risk management approach and systems lacking. Typical issues that will quickly become apparent are;
- Too many risks that do not threaten the survival of the firms are reported and managed, creating noise within the executive & board. However, too few (if any at all) that genuinely threaten survival are given the attention they require.
KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London, with offices in several of the world’s major financial centers.