Talking Risk

Let’s say, for example, we didn’t finish the greening project because the shipment of the solar panels was late, that’s a high likelihood that we have no control over.

(Sigh) All I meant was that the shipment could also be late because we didn’t process a payment on time. That would be within our control.

Yes it is; but it is important when assessing the strategic projects, we ensure that we are not the ones creating or heightening the risks by failing to do our part.

Oh, the Bank has its own cargo boat? Sorry, I didn’t know that.

I would not necessarily say we have no control over it.

The fact is, the likelihood is still high.

Bondieu! You and that one tune! Kittay mwen en poh - ba mwen on shans! Ou pas lass avec meme bagai sa la?

You hear that – ensure we deliver what is within our control – that means complete all of your assignments!

So what about those projects where ECCB is not the only party involved?

The same principle would apply.

We must ensure that we deliver what is within our control. That way, if the project is delayed or incomplete, the strategic and reputational risks would be lower because the risk event is outside of the Bank’s control.

Translation: My God! … Leave me in Peace – give me a chance! You not tired with that one thing!

One of the biggest risk issues we face is the getting the data to feed into the publications and policy briefs. So getting the papers completed on time is a major challenge.

You all ain’t have no risk in Research department that needs managing?

Most of the risks in Research have to do with accuracy of the information and timely delivery. So it’s primarily reputational risks.

I was just trying to help you but…