Tag Archives : RUSRISK

Gaining recognition for risk management in Russia

Russia started on the way to a market economy and democratisation of political life less than 20 years ago. For many years of the socialist-planned economy, we did not know about trade and stock exchanges, hedging and factoring and of course, we did not understand the role of risk management.

I was elected as a president of RusRisk 11 years ago when our association was created by representatives of professional business communities, banks and insurance business. At that time, these people knew little about risk management and did not understand its importance for management and business efficiency, but they wanted to learn. Continue reading

Future of risk management and the global risk factor theory: possible perspectives

The modern risk management is currently going through an ideological crisis showing the following symptoms: failure to understand the nature of the majority of risks, eclecticism of methods and concepts, in both technologies and standards of risk management, disregard of the interaction between operational risk, credit risk and market risk, lack of continuity in management processes, lack of common rating scales for the assessment of various risks,inadequate tools for operational risk assessment, the virtual absence of portfolio approach to operational risk management, difficulties with forecasting stress and crisis scenarios generation, difficulties with explaining the nature of chaotic market processes, the problem of the recently increased relevance of some previously uncommon factors, of which the following ones are thought by the author to be most important, cyber-terrorism and industrial terrorism, influence of social networks, High Frequency Trading (HFT), threat of antibiotic resistance. Continue reading


In today’s Russia, advanced risk management is experiencing the same ups and downs as elsewhere in the world. RusRisk is actively involved in international processes, and we are concerned with the same problems and we are seeking and promoting solutions in the frontier areas of science and practice. Continue reading

Around the associations

Latest news from FERMA’s member associations in Belgium, Spain, the Netherlands, Poland, Russia, Switzerland and United Kingdom. Continue reading

Survey Interviews: Mikhail Rogov

Survey Interviews: Mikhail Rogov – Dr. Associate Professor, Vice President RusRisk, Russia Continue reading

Russians welcome FERMA President

The Russian risk management society RusRisk held a business breakfast with the President of FERMA, Jorge Luzzi at the offices of Deloitte CIS in Moscow. More than 30 people from the risk management community took part, among them representatives of large industrial and energy companies and cellular phone operators, national and international insurers, universities and consultants. Continue reading

Around the associations

Latest news from FERMA’s member associations in Belgium, Finland, France, Germany, Italy, Luxembourg, Malta, The Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland and United Kingdom. Continue reading

Fresh faces on FERMA board

Three new members have been elected to serve on the FERMA board until June 2014: Helle Friberg, vice-president of the Danish association DARIM; Igor Mikhaylov from the Russian association RUSRISK; and Arnout van der Veer from the Dutch association NARIM. Continue reading

FERMA elects new board members

The Federation of European Risk Management Associations (FERMA) has elected three new board members who will serve from now until June 2014. They are: Helle Friberg (of the Danish association DARIM), Igor Mikhaylov (from the Russian association RUSRISK) and Arnout van der Veer (from the Dutch association NARIM). Continue reading