Flight industry take-away: Real-time monitoring and handling of crisis situations

Summary

In 2002, two aircraft collide near the Lake of Constance, leaving over 70 casualties. That event drastically changes the understanding of aviation safety in Switzerland. Similarly, Société Générale, UBS and Barings Bank all suffered from singular events where individuals built up uncontrollable risks that finally led (in those cases) to enormous financial losses.

How can risk management today understand and handle risk exposures that assemble in the course of a business day? In this chapter event, we learn from flight control how to train organisations to handle disastrous situations as part of their daily routine.

Presenter

As former CEO, Daniel Weder was for 10 years the key figure to transform Skyguide – the Swiss air traffic control – into a successful and robust enterprise. Prior to that role, he worked for Swissair and later Swiss as member of the Executive Board in turnaround, integration and crisis management functions. Daniel Weder is today an independent board member.

Chapter Event

In our chapter events – access for members only – we present one or more speakers to share knowledge, updates and best practises on a specific risk topic. In small groups of risk professionals you can exchange thoughts and test ideas. More on SRA chapters. This event is hosted by the chapter Stress Testing and Scenario Generation.