The Texas Blackout - A Disaster Foretold

Those in charge of Texas’s deregulated power sector were warned again and again that the electric grid was vulnerable.

More than 4.5 million customers in Texas were without power during the peak of outages in the state, as freezing temperatures hit parts of the country.

In November, when the officials who run Texas’s main electric grid took stock of whether the system could handle the coming winter, they felt confident. There would, even under “extreme conditions,” be plenty of power. But last week, an arctic blast mocked their assessment, freezing in about 40 percent of the grid’s power-generation capacity and throwing much of the state into the cold and dark. How could the state’s energy managers have gotten things so wrong?

Find out HERE - The Texas Blackout Is the Story of a Disaster Foretold - Texas Monthly

What is CPE (Continuing Professional Education)?

Continuing Professional Education or CPE as it is better known, is ongoing training for certified professionals that allows then to remain certified in certain fields. As an example all accounting professionals certified as CPAs or CMAs need to complete a specific number of CPE credit hours every year in order to maintain their credentials.

In Citadel Advantage's work with Illumeo, most of the online training programs that we offer carry CPE certification. 

 Find our more about CPE certifications offered at Illumeo HERE

To learn more about the Citadel Advantage programs offered by Illumeo please click HERE 

You can also examine Citadel Advantage's individual courses directly on the ILLUMEO website:

• Stanley's courses- click HERE
• Richard's courses - click HERE
  

In-house training

Have you ever considered going IN-HOUSE for your professional training needs?

The benefits are substantial. You can check them out HERE.

Check out available courses HERE.

• Need something specifically to cater to your company's needs?
• Need more information?

Contact us at courses@citadeladvantage.com

Citadel Advantage's Richard Barr in Amsterdam (January 2020)

Online Training - Managing Operational Risk in Foreign Exchange Activities

This new 2-part online training course provides a practical approach to explaining the unique risks in foreign exchange operations, as well as how to implement an effective operational risk management system for these transactions. Earn CPE credits.

Managing Operational Risk in Foreign Exchange Activities Part 1- Basic Principles

Part 1 presents a practical approach to explaining the unique risks in foreign exchange operations.

Managing Operational Risk in Foreign Exchange Activities Part 2 - Best Practice & Illustrative Case Study

Part 2 offers a range of practices that will help mitigate some of the operational risks that are specific to the foreign exchange industry.

Click on the course title for more information and to register.

Use Coupon Code CITADEL10 for a great discount.

 

 

 

Online Training – Globalization, Finance and the Supply Chain

More and more businesses and corporations are now operating on a global scale.

From fintech, international trade, cross border payments and supply chains, business has taken on an increasingly globalized role. As globalization becomes more and more important so to do the risks.


What this all means is covered in our new compendium of courses, “GLOBALIZATION, FINANCE AND THE SUPPLY CHAIN”.

Check it out at HERE 

Earn 19.5 CPE credits.

Get a discount on the course fee by using Coupon Code CITADEL10.

Online training course - ERM (Enterprise Risk Management) - Comparing COSO to ISO

This course is all about Enterprise Risk Management (ERM) standards. Risk management refers to a coordinated set of activities and methods that is used to direct an organization and to control the many risks that can affect its ability to achieve its objectives.

In this course, we look at and compare two of the most popular risk management standards - the Committee of Sponsoring Organizations (COSO) framework and the International Organization for Standardization (ISO) 31000.

This course has full CPE accreditation.

GET A 10% DISCOUNT ON THIS COURSE!
Use Coupon code CITADEL10 when registering to claim the discount.

For Details & Registrations CLICK HERE 

Managing Operational Risk – What every professional needs to know

By Stanley Epstein

"Operational risk is probably one of the most misunderstood risks in the whole of the risk spectrum.

While risks such as “credit risk”, “liquidity risk”, “market risk” are easily understood by business and other professionals, “operational risk” is a poor relation when it comes to grasping what it really means.

The starting point, of course, is to define what we mean when we speak about operational risk.

My favourite definition is that formulated by the “Basel Committee on Banking Supervision” in its “Principles for the Sound Management of Operational Risk” (BIS - June 2011).

The definition reads;

“Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.” 

 

To read the rest of this article please visit ILLUMEO's Blog >> HERE

Why risk management is SO important

Check out our range of In-person and On-line training courses HERE

Enterprise Risk Management (ERM) training

Discover how to design and implement an effective Enterprise Risk Management system. Join Ethan Hathaway for either the On-line Distance learning session OR the In-Person courses – details and dates below.

Online, Distance Learning Blended Sessions for this course are being held between the following dates -

9 January - 28 February 2017
3 April - 31 May 2017
3 July - 31 August 2017

In Person 2-day Training Course

22/23 May 2017 - Kuala Lumpur, Malaysia
13/14 July 2017 - London

CLICK HERE FOR DETAILS>>