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The Decision Factor offers insightful comments and observations on analytics—from views on new technology approaches and market dynamics to the latest industry trends driving demand for faster, smarter information analysis. This blog contains personal views, thoughts, and opinions from SAP employees, mentors, and friends working in the area of analytics. It’s not endorsed by SAP nor does it constitute an official communication of SAP.


Myths in Risk Management — Can Risks Be Registered?

Risk Register

Years ago, I worked in a bank. I‘m sure the concept of a “register” came from a banker initially. Banks had registers for everything.

One of my jobs was to keep the collateral register postings up to date. When a customer opened a line of credit, they were required to pledge something, usually marketable securities, as collateral. I posted the collateral in the register and someone else placed the securities in the vault, where they’d stay and gather dust. (I think bankers invented segregation of duties too.)

Occasionally, the bank auditors would arrive to count the securities, compare them to …