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Articles on Risk management

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Serious, interconnected risks are closing in on the globalised community, from climate change to anarchy. Are we heeding the warnings? AAP/EPA/Daniel Deme

Highway to dystopia: time to wise up to the looming risks

In that world of peripheral vision, essential for business, social and political leaders, it is surprising that the World Economic Forum’s report, Global Risks 2012 has not received greater publicity or…
Derivatives can allow farmers to reduce their risk by guarding against changes in the weather. Flickr

Why hedging a bet on Mother Nature is a hot commodity

For some industries, the weather plays a significant role in determining revenue. Unexpected weather events can often cause significant financial losses. For instance, a drought can yield a severe impact…
We should decide how to act based on how risky something is, and how bad the consequences will be. dybarber/Flickr

Responsible scientific advice about climate change is not scaremongering

A popular misconception in the public mind is that science “proves” things by turning them from ideas and theories into absolute “facts”. This more or less confuses science with mathematics. Mathematical…
Seventeen Australians have died this year from quad bike accidents, also known as all terrain vehicles or ATVs. Flickr/sharkbait

It’s time for quad bike manufacturers to rollover on safety

The tragic quad-biking death of an 11-year-old boy from northwest Victoria on Monday takes the 2011 death toll from all terrain vehicle (ATV) accidents to 17. The boy reportedly died after his ATV overturned…
UBS chief Oswald Gruebel has stepped down after a rogue trader cost the bank $US2.3 billion. AAP

As UBS boss quits over rogue trader, banks must face some risk realities

The chief executive of Swiss banking giant UBS, Oswald Gruebel, has quit following revelations of a $US2.3 billion fraud by “rogue trader” Kweku Adoboli. But the news will come as cold comfort for investors…

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