Podcasts

Hear from Chris Howland and Lars Popken of Deutsche Bank, as we delve into the complexities of incorporating climate risk within financial institutions.

Measuring and managing the risks from climate change is often a challenge for many financial...

Hear from Dr. Nicola Ranger, Director of Climate and Environmental Analytics at the UK Centre for Greening Finance and Investment (CGFI), as we discuss the importance of climate adaptation.

When discussing humanity’s response to climate change, we...

Hear risk management prognostications from Cris deRitis, the deputy chief economist at Moody’s Analytics.

Risk managers have been severely tested over the past 12 months. Rising interest rates, supply-chain problems, inflation and heightened...

Hear from Carys Taylor, Director of BAFTA’s albert programme, as we explore the issues of climate change and sustainability through the lens of film and television.

The film and television sector may not have the biggest carbon footprint, but it...

Hear from Jo Paisley and Maxine Nelson of the GARP Risk Institute as they look back on key learnings from the latest season of the Climate Risk Podcast.

As we head into 2023, Maxine and Jo once again join forces to review the latest season of Climate...

Hear from members of the UK’s Climate Financial Risk Forum, as we dive into their brand-new publications on climate litigation and physical risk.

Part 1 | Litigation Risk Underwriting Guide | 00:00:00–00:15:54

Part 2 | Physical Risk Underwriting Guide...

Hear from Alla Gil, the co-founder and CEO of Straterix, as we examine the liquidity risk challenges and trends that have been fueled by extremely rare market conditions.

In a recent survey conducted by the Securities Industry and Financial Markets...

What climate books do you want for Christmas? Listen in to find out where to start on picking out those stocking fillers.

In this special episode, Jo reunites with William McDonnell to discuss their top picks of climate books across all genres, from...

Hear from William McDonnell, COO of the Integrity Council for the Voluntary Carbon Market, as we discuss the role of carbon credits in the transition to net-zero, and what changes are needed to ensure that the voluntary market can function correctly.

Hear from Prof. Clifford Rossi as we examine some of today’s biggest financial risk modeling challenges.

Risk modelers have recently been befuddled by rare and powerful non-financial events, including the pandemic, geopolitical conflicts, radical...

Hear from Bruce Usher, Professor of Practice at Columbia Business School, as we examine the investment opportunities and strategies that have emerged in response to the challenges of climate change.

We know that we need to rapidly reduce global...

Hear from Prof. Emily Shuckburgh OBE, Director of Cambridge Zero, as we explore the potential for machine learning to help us navigate an increasingly difficult transition to net-zero.

Time is fast running out to limit end of century warming to...

Hear from Prof. David Victor and Dr. Danny Cullenward, as we dive into the political forces that mould the climate policy landscape.

Designing climate policies that are effective in achieving climate change mitigation and adaptation is a major...

Hear from Prof. Brian Fagan, Distinguished Emeritus Professor of Anthropology at the University of California, as we dig up lessons in climate risk from the ancient world of our ancestors.

Humanity has been subject to extreme weather and natural...

Hear from Sean Kidney, CEO of the Climate Bonds Initiative, as we explore the many ways finance is going green, from the phenomenal growth of the green bond market, to the ongoing revolution in investor sentiment, to the growing financial risks from...

Hear from Eila Kreivi, Chief Sustainable Finance Advisor at the European Investment Bank, as we take a closer look at the EU Taxonomy, including what it is and isn’t, how it developed, and what it means for the future of sustainable finance.

A key...

Modelling physical risks, particularly from natural catastrophes, is challenging, requiring...

Hear from Julie Pullen, a leading expert in ocean-atmosphere interactions, on how our oceans are being affected by climate change, what we stand to lose, and how we can restore them whilst building resilience.

The world’s oceans are critical to all...

Hear from Kevin Dooley, Distinguished Professor of Supply Chain Management, as he talks to us about how managing the sustainability of your supply chain is the best approach to risk management.

Supply chains are an absolutely integral part of the...

Hear from Alan Smith, First Church Estates Commissioner, about the culture and capabilities that asset owners look for in the companies they invest in.

Asset owners have a fiduciary duty to act in the best interests of their ultimate beneficiaries,...

Hear from Mark Campanale, Founder of the Carbon Tracker Initiative, as we dive into the strategies being used to align financial markets to a net-zero economy.

Global financial markets play a major role in addressing the challenges of climate change....

Hear from Chris Geiger, Internal Audit Director at Lockheed Martin, as we explore a new frontier in sustainability and engineering.

Amidst growing concerns over the sustainability of space-based technologies, Chris Geiger explains his firm’s strategy...

Hear from Jo Paisley and Maxine Nelson of GARP’s Risk Institute as they look back on learnings from the 2021 Climate Risk Podcast series.

As we head into 2022, Jo and Maxine look back at the past year of Climate Risk Podcasts, reviewing key learnings...

In the financial services industry, risks related to climate change are now considered major, resulting in all firms assessing how to incorporate climate risk in financial decision making. As we find ourselves in the decisive decade, there is an...

Hear from Prof. Tim Benton, Research Director at Chatham House, as we explore growing concerns over tail risks from climate change.

By their very nature, it can be extremely difficult to capture the truly disastrous potential of the tail risks...

Hear from Prof. Jim Stock, Vice Provost for Climate and Sustainability at Harvard University, as we dive into the economics of climate policymaking.

Many of the financial risks that will arise from the transition towards a net-zero economy will be...

In this episode, we will continue with part three of a four-part series looking at Responsible AI (Listen to part one: Alternative Data in Risk Modeling and part two: Explainable/Interpretable AI). “Fairness in AI” is getting a lot of attention,...

Hear from Nigel Brook, Partner at the law firm Clyde & Co, as we take a closer look at the rising tide of climate litigation.

Against a backdrop of increasing societal awareness and improved scientific understanding of climate change, many...

Hear from Mardi McBrien, Managing Director of CDSB, as we take a closer look at the complex environmental and sustainability reporting landscape.

Today’s episode is all about how to navigate the increasingly complex landscape of climate disclosures,...

In this episode, we will continue with part two of a four-part series looking at Responsible AI (Listen to part one: Alternative Data in Risk Modeling). One of the major challenges with effectively developing, deploying, and managing AI systems...

Hear from Charmian Love, Co-Founder of B Lab UK, as we take a closer look at firms that are truly walking the talk when it comes to sustainability.

Over the past few years, we have seen an increasing number of companies take it upon themselves to...

In this episode, we begin a four part series looking at Responsible AI by looking at Alternative Data in risk Modeling. Over the course of the coming months we will also look at Explainable / Interpretable AI, Fairness and Bias in AI, and the new...

Hear from Hector Fontaine, Principal Consultant at BCS Consulting, as we take a closer look at TCFD adoption across the banking sector.

In today’s episode we will be returning to the topic of climate disclosures, looking specifically at the...

Many companies are considering their de-risking options and strategies for pension risk transfer (PRT). PRT is steadily increasing in the U.S. but comes with a high-level liability. Today we speak with Sarvesh Soi, Principal, Wealth Practice at Buck...

Hear from Prof. Sir Dieter Helm as we take a closer look at the realities of reaching net zero.

In this installment of the Climate Risk Podcast we are joined by renowned economist Professor Sir Dieter Helm, whose extensive experience of advising...

Hear from Maggie Monast, Director of Working Lands at Environmental Defense Fund (EDF), as we take a closer look at the intersection of climate risk, financial risk, and resilience-building in the agriculture sector.

In this instalment of the Climate...

Hear from Emily Farnworth, Deputy Director at the Centre for Climate Engagement at Hughes Hall, Cambridge, as we take a closer look at the role of real economy firms, and their boards, in the race to net zero.

In this instalment of the Climate Risk...

Hear from Emilie Mazzacurati, Founder and CEO of Four Twenty Seven, as we address some key challenges around climate data.

In this instalment of the Climate Risk Podcast we address a few different topics all tied together by the central theme of...

Hear from Meryam Omi, Head of Sustainability and Responsible Investment Strategy at LGIM, as we address two key questions for Asset Managers.

In this instalment of the Climate Risk Podcast we address two pressing questions facing asset managers and...

Artificial intelligence and machine learning are transforming the ways in which financial institutions manage risk. Driven by a proliferation of data and computing power, institutions are harnessing these tools to build predictive models that...

Hear from Rebecca Self, Director of Sustainable Finance at South Pole, as we discuss three important climate-related issues.

This episode covers:

• Carbon offsets – what are they and how can they help tackle climate change?
• Biodiversity – how can offsets...

Over the next two years, driven in part by the economic consequences of COVID-19 and the shift toward work-from-home, financial institutions are expected to pay a lot of attention to credit risk, cybersecurity, ESG, non-financial risks, data...

Hear from Arthur Yuen, Deputy Chief Executive at the HKMA, as we discuss how financial regulators are responding to climate change risk.

When it comes to setting out the financial system’s response to climate change and the related risks, it is clear...

Hear from Rohan Hamden, CEO and Founder of XDI, as we discuss how to assess and respond to the physical risks from climate change at the asset level.

The physical effects of climate change - rising global sea levels and temperature, to extreme...

Hear from Jo Paisley and Maxine Nelson from GARP’s Risk Institute as they discuss key learnings from 2020 and look ahead to 2021.

In this latest instalment of the Climate Risk Podcast, we will be looking back at the past year of podcasts and...

Circling back on the issue of cybersecurity after many months of COVID, we speak with Robert H. Rosenzweig, RPLU, a SVP and National Cyber Practice Leader at Risk Strategies on the current environment for cyberthreats, what are the trends/issues...

Edward Hancox, VP, Certification and Educational Programs and Beth Gould Creller, SVP, Certification and Educational Programs discuss the decision to sunset the Energy Risk Professional (ERP) Certification and how GARP can continue to serve the...

Hear from pioneering risk manager Bob Litterman as we discuss the importance and challenges of properly pricing the risks from climate change.

In this latest instalment of the Climate Risk Podcast, we will be exploring the issue of pricing the risks...

GARP’s Robert Sales leads a roundtable with Randy Ahluwalia, Managing Director, BNY Mellon, Gokce Ozcan, Partner, Oliver Wyman and Wei Chen, FRM,  Director, Global Risk Consulting , Risk Research and Quantitative Solutions at SAS on bank asset and...

From Respond to Re-imagine – PART 2: Charting the journey forward for banking and risk management  

In this episode, we continue our circle back with Naeem Siddiqi, Senior Advisor, Risk and Quantitative Solutions, SAS, to explore the effects of...

Hear from the head of the Green Finance Institute as we explore how finance is changing to meet the needs of transitioning economies.

In this latest installment of the Climate Risk Podcast, we will be exploring two key concepts in the transition to...

In this episode, we circle back with Naeem Siddiqi, Senior Advisor, Risk and Quantitative Solutions, SAS, to explore the effects of COVID-19 on banks and risk managers, six months out from our previous discussions. GARP’s Robert Sales moderates...

In this latest instalment of the Climate Risk Podcast, we will be taking a closer look at the financial risks associated with energy and water systems, and how these could change as the impacts of climate change increase.

In this series we have...

Hear from leading earth systems scientist Tim Lenton as he discusses climatic and social tipping points, the interconnected nature of climate risk and the critical emissions pathways that lie ahead.

The systemic and existential nature of the risks...

The pandemic has certainly had a significant impact on the third line of defense in risk management, presenting audit with significant challenges in areas like credit risk modeling, emerging risk evaluation, internal controls and remote working. In...

Consumer sentiment is a critical part of climate transition risk. As consumers become increasingly aware of the impact goods and services are having on the planet, we will start to see profound shifts in demand.

Join us today as we hear from James...

What are some of the limitations of the current disclosure frameworks for use by risk managers, and how can we tell when companies are saying one thing but doing another? 

In recent months we have seen climate risk disclosure frameworks, such as the...

The pandemic has had a dramatic impact on commercial real estate, greatly dimming the short-term attractiveness of big cities while triggering extremely high delinquency rates on CRE loans and skyrocketing office vacancies.

In this podcast, we speak...

Clearly, the impacts of COVID-19 on banks globally are unprecedented and requiring huge pivots in a short time. Join us on this podcast where our experts discuss banking challenges, the impacts on balance sheet reporting, relationships with...

Chapter Zero co-founder Julie Baddeley discusses a corporate Board's perspective on how climate change will affect firms in the real economy.

Originally released on the GARP Risk Podcast on July 16, 2020.

In this episode of the Climate Risk Podcast...

Hear an in-depth discussion of the linkage between climate change and the COVID-19 crisis.

Originally released on the GARP Risk Podcast on June 11, 2020.

Continuing our theme from the last episode of the COVID series, in this special episode of the...

Listen to find out how the experience of the insurance sector can help in mitigating and adapting to climate risk.

Originally released on the GARP Risk Podcast on June 4, 2020.

Insurance plays such an important role in how we collectively navigate...

Retired CRO Betsy Nelson discusses embedding climate change risk into the broader context of sustainability.

Originally released on the GARP Risk Podcast on April 23, 2020.

In this episode of GARP's Climate Risk Podcast Series--Embedding Climate Risk:...

Investor expectations are not being met for reporting on climate risk issues. Best practices are emerging. Can reporting change behavior?

Originally released on the GARP Risk Podcast on March 17, 2020.

Welcome to the first episode of GARP Podcasts...

Today, we welcome back Steve Durbin, Managing Director of the Information Security Forum (ISF), to discuss the evolving implications of data privacy in the face of our concerns around information pertaining to public health. Companies and employers...

Companies looking to expand globally might be hesitant to tap into new markets given how the business environment has changed so dramatically as a result of the pandemic. This moment in time is an inflection point for businesses to redefine their...

With complex challenges like COVID-19, climate change and racial violence facing firms, how do chief risk officers prioritize risk?

Today’s chief risk officers must not only contend with the economic impact and shock of the pandemic but also manage...

Elena Philipova discusses how incorporating ESG factors can mitigate risk in a post-COVID-19 world.

The COVID-19 pandemic underscores the importance of environmental and social risk factors, as well as strong governance. Business structures are...

Shutting down the global economy in the age of Covid-19 was tough. Reopening is proving even harder. How should organizations continue operating in this new normal? What are best practices and lessons learned from past outbreaks including SARS,...

Continuing our theme from the last episode of the COVID series, in this special episode of the Climate Risk Podcast Series, host and Co-president of the GARP Risk Institute, Jo Paisley, is again joined by John Scott, Head of Sustainability Risk for...

COVID-19 has created challenges for risk managers surrounding climate change. What can COVID-19 can teach companies about mitigating climate risk?

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks...

We would like to thank our listeners for tuning in to our special subseries on COVID-19. We will be skipping this week due to the holidays, but will resume our weekly series on June 1^st with an enlightening conversation with Arthur Yuen, Deputy CEO...

The current pandemic is having an enormous impact on the leveraged loan markets which until recently were priced to perfection. Bid-Ask spreads have widened dramatically, and leveraged loan indexes have fallen substantially. One of the biggest areas...

To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.

The economic fallout from the...

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and...

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and...

Today we speak with Luis Jesus - Global Solution Lead, Regulatory Capital Management, Risk Research and Quantitative Solutions Division, SAS and Luís Filipe Barbosa, Leader of European Risk Modelling & RWA initiative, PwC Portugal on Basel IV and...

Financial Reporting Council polls investors for reporting best practices. Voluntary compliance like TCFD gives firms a chance to develop creative solutions. If they don’t step up, regulators must enforce mandates.

A new report from the Financial...

We spoke with Rutang Thanawalla, Director, Risk Advisory, Deloitte about the ever evolving role of stress testing. 

For more information on this topic,  please see Comprehensive Enterprise Stress-Testing Solutions - A portfolio for efficiently...

Today, we speak again with David Anderson, Advisory Director from KPMG, for an update on Current Expected Credit Losses, also known as CECL.

For more information on this topic, please see - Preparing Finance Organizations for CECL and IFRS 9...

In this episode, GARP Executive Editor, Robert Sales, speaks with Brenda Boultwood, a former CRO and a current Risk Advisory Partner at Deloitte, about the core components of a well understood risk management program, including: framework, policy,...

This GARP Podcast looks at a new report indicating many top banks aren't disclosing climate change risks.

According to a new report from BCS Consulting, more than a third of the world’s top 75 banks have still not declared their support for the Task...

Today we speak with Vikas Deep Sharma, Executive Director, EY and Ivy Tan, EY Senior Manager, specializing in IFRS 9 and Credit Risk for the Financial Services Sector, on the subject of Credit Risk Modeling and Decisioning. 

For more insights on...

On this episode we are so pleased to welcome:

• Hillary Ackerman, former CRO, Goldman Sachs Bank, now retired, and the boards of Dynegy Inc, Hartford Funds, Credit Suisse USA, and Vistra Energy
• Craig Broderick, former CRO, Goldman Sachs
• Mark Hughes...

Welcome back to the New Age of Risk Analytics. Troy Haines, SVP, Head of Risk Research & Quantitative Solutions at SAS talked with us about his work, the overall risk landscape and how it all impacts a risk manager’s career.

Learn more on this...

For the second half of our focus on Model Risk Management, we spoke with Tomasz Mostowski and Luther Klein from Accenture about the impacts of artificial intelligence and machine learning on model governance.

Learn more about the rigorous...

We spoke with Model Risk Management expert Sonia Sodhi at the SAS Global Forum on What is a Model? and more. 

To view Sonia's slides and audio and all other SAS Global Forum presentations, register here. 

GARP's new podcast with SAS, The New Age of Risk Analytics, features an episode focusing on the new insurance accounting standard, IFRS 17, which may have broader implications for risk managers - whether you are in insurance or not - than might be...

At the SAS Global Forum, we caught up with Valeria Sica, Managing Director, Head of Global Trade Services and Jake Jacobson, Technology Advisory Partner, EY about how they are using AI to digitize compliance.  

Celent recognized Citi as the Model...

Sweeping changes to regulations and accounting standards, breakneck advances in technology and the emergence of innovative competitors are upending the traditional business model. To adapt to this new environment, risk and finance infrastructures...

Over the years, GARP and SAS have worked together many times to bring to risk practitioners unique insights on a variety of topics related to financial risk. This time, we are partnering on a brand new podcast, The New Age of Risk Analytics, a sneak...

As a cyber risk management adviser to public- and private-sector organizations, Coalfire  has a firsthand perspective on information security challenges, how they are evolving, and best practices for compliance and controls. CEO Tom McAndrew...

Risk managers’ role “involves two related but fundamentally different tasks,” David M. Rowe  writes in An Insider’s Guide to Risk Management. Rowe expounds on these tasks – avoiding a “death of a thousand cuts” in normal market conditions, and...

In 2015, Paxos (then known as itBit) became the first firm active in the emerging digital asset and blockchain business to obtain a New York State trust company charter. Recent milestones include the launch of the Paxos Standard “digital dollar”...

Christine Todd Whitman, former Governor of the State of New Jersey and former Administrator of the EPA (2001-2003), shared her perspectives about creating common ground in communicating climate risks.

“We are making gestures that seem to be...

At Citibank, David X Martin (http://davidxmartin.com/) developed one of the first comprehensive enterprise risk management processes. While with AllianceBernstein, he was the founding chairman of the Investment Company Institute’s Risk Committee....

Fully in effect as of May 25, 2018, the far-reaching data security and privacy provisions of the European Union’s General Data Protection Regulation are no longer hypothetical for risk managers and compliance officers. In this podcast, Information...

Fabio Natalucci, Deputy Director of the Monetary and Capital Markets Department at the International Monetary Fund, discusses the April 2018 Global Financial Stability Report (GFSR). A bumpy road ahead could put growth at risk in the medium term,...

Jeh Johnson, former U.S. Secretary of Homeland Security, speaks with Jeremy Davis, VP, Media and Event Producer, GARP about the new age of risk. The risk landscape that we now face is one in which emerging and non-traditional risks intersect to...

In this episode, Steve Beattie, Principal and Global Financial Crime Operations and Advisory Leader at EY, joins GARP Editor in Chief Jeff Kutler for a discussion about financial crime and the industry response to it. Beattie shares his professional...

Steve Durbin, Managing Director of the Information Security Forum (ISF), talks to GARP Editor-in-Chief Jeff Kutler about ISF’s 2018 Global Security Threat Outlook. The discussion covers some of its key findings in the areas of crime-as-a-service...

Mark Watson, Executive Director in EY’s Financial Services Organization (FSO) advisory practice, joins GARP’s Jeff Kutler to discuss the 8th annual EY/Institute of International Finance (IIF) global bank risk management survey, “Restore, rationalize...

In the first installment of this series, Jeremy Davis (Vice President, Media and Events, GARP) speaks to Mary Schapiro (29th Chair of the Securities and Exchange Commission) about her work with the Financial Stability Board’s task force.

This series...

John Carlin (Chair, Global Risk and Crisis Management, Morrison & Foerster; former Assistant Attorney General of the Justice Department’s National Security Division) discusses enterprise-wide approaches to managing cyber risk.

The complex...

Jack Tomarchio (former Principal Deputy Under Secretary for Intelligence and Analysis, Department of Homeland Security) shares his invaluable insights into the recent political hacks and teaches the crowd how to think like an intelligence officer.

Candice Nonas (Managing Consultant, Resources Global Professionals) moderates a panel of professionals from Deutsche Bank, Ernst & Young, and more about the current state of the risk field.

Our global chapter network is a core benefit of our...