Model risk management has come under increased pressure in recent years. The growing use and complexity of models have coincided with heightened regulatory demands related to FRTB, CECL/IFRS 9, and climate-related stress tests.
October 12, 2022 | GBI
The current inflationary environment has impacted organizations in significant ways and created a range of challenges for financial risk managers. To better understand how risk managers and their firms have been and expect to be impacted by inflation, GARP surveyed over 350 Financial Risk Managers (FRM®) across the globe for their current outlook.
July 19, 2022 | GBI
The Russian invasion of Ukraine and the resulting sanctions imposed on Russia have impacted organizations in significant ways and created a range of challenges for financial risk professionals.
May 3, 2022 | GBI
With the London Interbank Offered Rate (LIBOR) used as a key benchmark in risk management models, mortgages, corporate bonds, and interest rate and currency swaps, there is concern the LIBOR cessation and move to alternative risk-free rates (RFRs) to limit market manipulation will create disruption at top financial firms.
December 9, 2021 | GBI
A new GARP survey of Financial Risk Managers (FRM®) reveals support for increasing regulatory requirements on prime brokers and family offices. These results come in the wake of the Archegos Capital Management meltdown, which set off a chain reaction in the markets that led to more than USD 10 billion in total losses for global banks.
June 7, 2021 | GBI
After a rollercoaster year in which risk measures for leveraged loans and collateralized loan obligations (CLOs) spiked and then retreated, GARP asked risk managers in late October 2020 how aware their organizations were of such risks and how concerned they were about them.
January 15, 2021 | GBI
As the business world adapts to COVID-19, GARP asked risk managers how they are navigating the challenges of working from home.
We surveyed respondents across two key dimensions: enterprise risk and productivity.
June 12, 2020 | GBI