Decision making support mechanisms such as risk assessment and risk management, have been set up under these projects.

Urges UNDP and UNFPA to base their oversight and accountability activities on a corporate risk model and develop risk assessment functions in their audit offices

Mechanisms to better manage and mitigate investment risk are required.

The latter is in the process of establishing training teams that will be deployed to all high risk duty stations.

During the reporting period, UNHCR's Audit Service had embarked on a risk management pilot project in collaboration with PricewaterhouseCoopers which aimed to develop a culture of risk awareness and active risk management within the Office.

Article 27 A securities firm should establish and complete risk management and internal control system to prevent and control the risk in the principle of prudent operation.

We cannot run the risk of losing the expertise and the relationships that have been established over many years.

Article 19 A cooperation mechanism between the compliance department and other risk management departments shall be established by an insurance company.

19. The Office of Internal Oversight Services also noted that the Insurance Section has no affiliation or membership with professional societies monitoring developments and changes in the commercial insurance arena, such as the Risk and Insurance Management Society and the International Risk Management Institute.

An independent risk assessment was undertaken.

When the standards are based on a properly conducted security risk assessment according to the new security risk management methodology, they have proven to be an effective tool to mitigate risk and thus to enable programme delivery.

The system application will allow the Service to create multiple investment scenarios, weighing risks and multiple derivations.

(e) Create a risk and compliance section for better risk control of investments and operations

In paragraph 216 of the report, UNDP agreed with the Board's recommendation that it (a) evaluate establishing a risk management function responsible for implementing a risk management strategy at UNDP and (b) conduct a comprehensive risk assessment exercise.

Governments are in a good position to create new risk management policies, and they can then set an example for private insurers to follow. But, as an alternative to the IMF proposal, there could be purely private recession insurance.

Article 10 An enterprise shall set up a financial risk control system, specify the management rights and liabilities of the operators, investors and other related personnel, and control the financial risks according to the principles of equilibrating risks and proceeds and separating the incompatible duties.

2. Modelling of the space debris environment and risk assessment

Creation of a post of Chief, Risk and Compliance Section (P 5)

The Guinea worm (Dranunculosis) eradication programme.

(f) Natural and environmental disasters to develop partnerships to implement schemes that spread out risks, reduce insurance premiums, expand insurance coverage and thereby increase financing for post disaster reconstruction and rehabilitation, and establish and strengthen effective early warning systems as well as other mitigation and response measures agreed

1997 Modelling of space debris environment and risk assessment.

Collaboration is already well established in the trade data and commodity risk management fields through, for instance, facilitating the establishment of commodity exchanges.

Management has already established a risk management committee that will evaluate the piloting of enterprise risk management in the organization.

While geopolitical risks can be daunting, some other explanation is needed for the failure of existing resources to account for the risk factors and the institutions developing on that basis.

In 1993, a coordination centre had been established to strengthen national risk management capabilities and, in 1999, the members of the Central American Integration System had decided to establish joint mechanisms for risk prevention and disaster mitigation, with the help of the corresponding national and regional institutions.

Strong support was expressed for the formation of DSS and the aim of developing a capacity for threat and risk analysis.

It's a nonprofit, venture capital fund for the poor, a few oxymorons in one sentence.

The most commonly employed form of excision is simple cutting (46.3 per cent), followed by the more severe form (24.4 per cent).

The Audit Services Branch has established a risk based database which will be updated on a regular basis.

In support of this, UNDP will deploy national disaster risk reduction advisers to assist national efforts in capacity building for disaster risk reduction in 20 of the most disaster prone countries of the world.

New developments include partnerships in the Economic Community of West African States (ECOWAS) to promote disaster risk reduction and to design subregional common policies on disaster risk reduction.

The Task Force created the Working Group on Climate Change and Disaster Risk Reduction, co chaired by UNDP and WMO, to focus on the promotion of an integrated approach to climate risk.

The ultimate goal is to help countries to establish technical capacities in disaster management, including risk assessment, mitigation, early warning and response communication systems in a more cost effective manner.

(d) Establish operational mobile units for the surveillance of places where children are at greater risk

The utilisation of the subterranean depth of the owned land or the land at person's disposal for private purposes is free of charge.

Risk?

On the recommendation of the external report on information and communication technology risk assessment, UNDP has already put in place the risk mitigation and implementation plan to address specific recommendations.

2. Modelling of the space debris environment and risk assessment 60 93 15

One participant underscored the need to establish ways to communicate the implementation of adaptation measures and risk reduction to insurance companies in order to see these actions reflected in insurance premiums and conditions.

In paragraph 219 of the report, UNDP agreed with the Board's recommendation that it establish mechanisms needed to manage risk in terms of best practices.

To that end, the Office will (a) propose measures to assist the Organization in responding rapidly to emerging risks and opportunities, (b) provide independent information and assessments to assist effective decision making, (c) provide independent reviews of the effectiveness of the use of the Organization's resources, and (d) promote a culture of change, including accountability, planning, integrity, results orientation and risk awareness and management.

At the same time, however, commercial banks insist on minimizing their exposure to completion, commercial, political or other project risks.

In that context, the Hyogo Framework specifically notes the need for developing regional initiatives and the risk reduction capacities of regional mechanisms.

(e) Encourage the establishment of global regional mutual funds to minimize risks associated with a single country fund.

Most important, States should also conceive mechanisms that allow bottom up disaster risk reduction initiatives, originating at the community level and contributing to the shaping of disaster risk reduction policy and programmes at the national level.