This post first appeared on GAO Reports. Read the original article. What GAO Found From fiscal years 2011 through 2017, the Washington Metropolitan Area Transit Authority (WMATA) spent almost $6 billion on a variety of capital assets, with the largest share spent on improving its rail and bus fleet (see figure). Over this period, WMATA’s (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found The National Nuclear Security Administration (NNSA)—a semiautonomous agency within the Department of Energy (DOE)—and Consolidated Nuclear Security, LLC (CNS)—the management and operating (M&O) contractor for the Y-12 National Security Complex (Y-12) in Tennessee and the Pantex Plant (Pantex) in Texas—implemented a (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found From fiscal years 2011 through 2017, the Washington Metropolitan Area Transit Authority (WMATA) spent almost $6 billion on a variety of capital assets, with the largest share spent on improving its rail and bus fleet (see figure). Over this period, WMATA’s (more…)

This post first appeared on Risk Management Magazine. Read the original article. Cyberrisks are fast-evolving, posing an ever-changing threat to businesses. According to the annual Allianz Risk Barometer, which surveys more than 1,900 risk experts, cyberrisks have gone from 15th five years ago to now ranking as the second most important peril globally. But some (more…)

This post first appeared on Risk Management Magazine. Read the original article. The theme for Gloria Brosius’ 2019 RIMS presidency is “Great Expectations.” But the nod to the Charles Dickens classic is not just a slogan—it succinctly describes the standards to which organizations hold risk managers. It also characterizes her initial outlook when she joined (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found Banking regulators such as the Office of the Comptroller of the Currency (OCC) can implement policies to address the risk of regulatory capture. The objectives of these policies include reducing the benefit to industry of capturing the supervisory process, reducing avenues (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found Banking regulators such as the Office of the Comptroller of the Currency (OCC) can implement policies to address the risk of regulatory capture. The objectives of these policies include reducing the benefit to industry of capturing the supervisory process, reducing avenues (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found From fiscal years 2014 through 2018, a variety of executive branch actions related to climate change—such as executive orders and strategies—affected the Department of State (State), the U.S. Agency for International Development (USAID), and the Department of Defense (DOD), including their (more…)

This post first appeared on Risk Management Magazine. Read the original article. As we enter the final year of this decade, the list of concerns that will keep risk managers up at night continues to grow. The inextricable linkages between political, economic, social and environmental risks have become undeniable, implying that risk managers must become (more…)