News

Symbiant Risk Blogs

Indicators and Dung: how do you know your indicators are doing their job?

Indicators provide warnings that risks may be about to crystallise.  Single indicators can provide information on complex systems or scenarios if chosen correctly, but they do need to be checked for validity. Dung beetles have been monitored for years as indicators for complex eco-systems. Their numbers can provide an indicator of the impact of activities […]

Read More
Symbiant Risk Blogs

How much risk are you taking?

You take risk to get reward, and if you are dissatisfied with the reward you are getting, then you might decide to take more risk. You might decide to do something to increase your company’s profit, or to earn more money from a job or from an investment. But you have to understand the nature […]

Read More
Symbiant Risk Blogs

Risk Assessment – there’s more than one way..

The Mind Palace is an ancient memory system made popular not long ago by the UK TV series Sherlock. The idea is that you remember things by placing them along a route around a house, or villa, or any journey you regularly make e.g. a run, or a round on a golf course. Placing the […]

Read More
Symbiant Risk Blogs

Bubble Risk

A bubble occurs when there is a sustained rise in price of something beyond what you might believe is its normal value.  It occurs when people believe that the price will continue to rise, and so it does rise… until it collapses. In the early 1700s, the South Sea company was established in London to […]

Read More
Symbiant Risk Blogs

How do you know that you have considered everything?

In a risk assessment, one tool you can use is a risk universe. A risk universe is a list of the potential risks that your organisation, or a similar one in your line of business, might face. The risks are organised into categories such as financial, operational, people, and strategic. Under the people category, you […]

Read More
Symbiant Risk Blogs

Volatility’s a Business Killer

Question: How do you get a million dollars? Answer: Start with a billion and go into the airline business. Nineteen airlines went bust last year and today, FlyBe. Poor risk management has been cited as the prime reason. Hedging enables you to reduce uncertainty via financial instruments such as futures, swaps and options that can […]

Read More
Symbiant Risk Blogs

What doesn’t kill you, makes you stronger

Another Black Swan event, 12 years since the last one and potentially just as devastating, but for totally different reasons. Coronavirus has been called a Black Swan event. The term was popularised by Nassim Nicholas Taleb and refers to an unexpected event, one that could not have been predicted, and that has a very large […]

Read More
Symbiant Risk Blogs

Change is gonna come in 2020

Banks are already supposed to report on what they consider the climate change risks are to their loans, their investments and to their business model. The same will go for all publicly listed companies in the next two years. The driver for this will be Mark Carney who becomes UN Special Envoy for Climate Action […]

Read More
Symbiant Risk Blogs

The Dangerous, Emotional Side of Risk

“One of the most anticipated collapses on the high street” was how one retail analyst described the demise of Mothercare UK . The risk of collapse had been staring Mothercare UK in the face for a long time: high impact – high likelihood, and no doubt glaring red on their risk map; and yet they […]

Read More
Symbiant Risk Blogs

The Future 50

Risk management is forward-looking; it assesses change that may bring risk, the risk to achievement of objectives. The past is not necessarily a predictor of the future, and less so in more volatile times, and times of technological, meteorological, and regulatory change. So, an alternative way of assessing future success is required. The consulting firm […]

Read More

Our Customers

Trusted by names you know, from Charities to Banks, Government to PLC

Glasgow City Council Bank of England Mazars acca Toyota Fruit of the loom Cardiff Metropolitan University KPMG Barratt Developments plc ILO BDO gocompare Skipton Ikea Harrods

View More Customers