Three types of regulations are considered: (1) regulations for constructing new buildings and code enforcement; (2) regulations for intervening in/upgrading the existing building stock; and (3) regulation of the insurance industry. When applied, improved codes can substan...
For ordinary residential buildings, considering the affordability of different classes, the configuration of fire equipment is not mandatory in the fire regulations in China, so the actual situation is that there is no fire equipment in most residential buildings, especially in IS with low economic ...
Because the quantitative method represents threat scenarios in terms of their potential financial impacts, this methodology could be more effective in convincing senior management of the value of risk management program investments. Regardless of your industry, if you want your strategic planning efforts ...
For instance, although the risk of car accidents is one of the greatest we face on a daily basis, eliminating the risk by prohibiting the use of cars is impractical. However, we can make cars more resistant to impact, add seat belts and air bags, and enact laws and regulations that ...
Risk management is the process of implementing an effective cybersecurity plan, which has an undeniable role in international regulations for financial data protection. Some studies have reflected that a complete perception of cyber risks is needed to ensure sufficient security procedures in institutes an...
Aside from financial loss, the impacts of insider risk can include damage to brand and reputation, competitive disadvantage, noncompliance with regulations, and loss of market share.Traditional approaches to identifying insider risks such as user behavior analytics, monitoring user activity, and data ...
There’s no doubt that more information—through more effective disclosure—would help regulators assess the effectiveness of insurer actions to mitigate insurance risk due to climate change. And that could very well be the starting point of increased climate risk regulations. ...
For some financial regulations, however, a full accounting of such effects may not always be realistic. While it would be impossible to measure all benefits and costs of any particular policy, regulators should at least consider the magnitudes of the positive and negative expected effects that are...
colleges and universities are subject to more stakeholder demands, with stakeholders expressing their views on strategic and operational decisions with more assertiveness and higher expectations. Rising compliance costs and complex regulations are fueling a need for greater investment in systems that enable...
Roles, training, and competencies needed for compliance are not developed. Employees are not aware of how compliance impacts their daily work.Process (100)No process for keeping up with regulations that may affect their market and industry. GRC processes and controls are either absent or a...