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Displaying 456 results

Article

Credit Risk Measurement: Alternatives for PD-LGD-EAD on the Horizon?

February 7, 2025

Even after 40 years, the PD-LGD-EAD framework is still going strong – but models with more power and greater predictive accuracy are lurking. Though ...

Default
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Article

This CRO Finds Fulfillment in Ensuring That Clients ‘Retire with Certainty

February 7, 2025

“Every asset represents somebody’s dream, and every liability keeps someone up at night,” says Douglas Niemann of annuities leader Athene.

Enterprise
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Article

Climate Tipping Points Explained for Risk Professionals

February 6, 2025

Climate tipping points are extremely dangerous thresholds in Earth’s natural systems. What are they, how do they work, and how can we respond to them?

Physical Risk | Transition Risk | Climate Risk Management
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Article Members Only

Legal Entity Identifiers – and the Foundation That Champions the Standard – Are at a Crossroads

January 31, 2025

The alpha-numeric codes that have been issued in hopes of averting systemic-risk pitfalls are only “foundational.” Can LEIs finally deliver on their ...

Data
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Article

The Ultimate Model Risk: Lawsuit Could Prompt Big Changes to the Federal Reserve’s Stress Test

January 31, 2025

Questions about the transparency and objectivity of the central bank’s annual CCAR exercise have been raised in a recent lawsuit brought by banks, ...

Stress Testing & Scenario Analysis
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Article

Pacioli in the Computer Age: Back to the Future of Accounting and Risk

January 31, 2025

A time-traveling thought experiment finds modern-day relevance – and problem-solving insights – in the work of a Renaissance-era visionary.

Data
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Article

Exploring the Climate-Nature Nexus: Insights From GARP’s Latest Risk Scenario Game

January 30, 2025

Gain practical insights into tackling the dual crises of climate change and nature loss in a dynamic learning experience.

Climate Risk Management | Nature Risk Management | Green Finance & Sustainable Business
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Article

Hardware Innovation Will Up the Ante for Risk Managers

January 24, 2025

Over the next few years, major advancements in hardware technology are expected, especially across the nuclear power, weather, transportation and ...

Innovation
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Article Members Only

Cases Not Closed: Wells Fargo and Silicon Valley Bank in Legal Crosshairs

January 24, 2025

Former Wells risk and audit executives are penalized a total of $18.5 million; FDIC sues 17 ex-SVB officers and directors.

Regulation & Compliance
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Article

Tokenization: Benefits and Risks

January 24, 2025

Tokenization is transforming previously illiquid markets by making them more accessible, securing ownership and enabling easy transfers. However, it ...

Innovation
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Article Members Only

IPO Hesitancy Pays Off for Platforms That Trade Private Shares

January 17, 2025

A Nasdaq spin-off sets an innovative pace. U.K. officialdom paves the way for upstart PISCES.

Financial Markets
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Article

A Risk Forecast for 2025: 5 Predictions

January 17, 2025

Chief risk officers will need to augment traditional risk assessment with a new approach to radical uncertainties.

Enterprise
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Article

Augmenting Third-Party Risk Management with Enhanced Due Diligence for AI

January 17, 2025

With reference to processes outlined in regulatory guidance, key considerations for effectively addressing emerging due-diligence challenges.

Third Party Risk
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Article

Inside India’s Agricultural Resilience to Climate Change

January 15, 2025

Climate change is impacting India’s ability to grow food. Where are the effects most felt and what adaptations are being made?

Physical Risk | Climate Risk Management | Nature Risk Management
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Article

5 Risk Predictions for 2025

January 10, 2025

Rising threats in cybersecurity, regulation, insurance and climate, global debt, and the supply chain are among the risk challenges that could be ...

Financial Markets
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Article Members Only

The Six-Letter Word That Unites AI Factions

January 10, 2025

As debates rage over whether artificial intelligence is benign or evil and how it should be regulated, there is unity around the objective of ...

Innovation | Responsible & Ethical
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Article

Sovereign Exposures: Zero Reason for Zero Risk Weight

January 10, 2025

Despite rising geopolitical threats and evidence that sovereign debt in Europe is now volatile, banks are still allowed by regulators to treat ...

Default
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Article

Five Pillars of Generative AI Governance in Financial Services

January 3, 2025

GenAI-specific risks must be effectively addressed to ensure that the technology is fairly, responsibly and transparently implemented.

Enterprise
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Article

Privacy Can Be the Compass for Banks’ AI Governance Efforts

December 20, 2024

Prior experience offers guideposts for navigating uncharted regulatory waters.

Regulation & Compliance
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Article

Elevating Risk Management: The Imperative of Continuous Monitoring

December 20, 2024

Non-financial risks, like operational, cybersecurity and reputational threats, are exceedingly difficult to quantify. Instead of relying on ...

Enterprise
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Article

Corporate Digital Identity: The Key to Outpacing the Competition in the Evolving KYC Landscape

December 20, 2024

Manual customer profiling and due diligence is increasingly untenable. With “perpetual KYC,” client information is continuously monitored and updated ...

Data
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Article Members Only

TD Bank’s $3 Billion Hit: Have We Reached Peak AML?

December 13, 2024

Does the Canadian-owned bank’s severe punishment signify that anti-money laundering enforcement is working well and fit for purpose? Or is the system ...

Regulation & Compliance | AML & Fraud
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Article

How AI Could Transform Asset Management and Financial Risk

December 13, 2024

AI in finance remains prone to occasional errors, and there is still a lot of room for improvement in communication between different systems. But ...

Risks & Risk Factors
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Article

Tale of Two COPs: A Summary of COP16 and COP29 for Risk Professionals

December 11, 2024

Two major global conferences quietly came and went, largely overshadowed by coverage of international conflicts and major elections. What were these ...

Transition Risk
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Article Members Only

Revisiting 60-40 Portfolio Allocations in the Wake of Volatility

December 6, 2024

Institutional investors winding down balanced stock-and-bond portfolios must manage the illiquidity of private equity, private debt and real estate ...

Investment Management
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Article

Rising Waters: Navigating the Future of Flood Risk and Insurance

December 6, 2024

Floods in the U.S. have increased in severity, frequency and volatility. How is this impacting homeowners, insurers, lenders and asset managers with ...

Modeling
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Article

Leadership Insights: Understanding and Acting in the Climate Crisis

December 5, 2024

From risk management to real leadership, what does it take to deal with the consequences of the climate crisis? This article shares insights from ...

Green Finance & Sustainable Business
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Article Members Only

States of Confusion: Despite Much Discussion – and Hundreds of Legislative Proposals – AI Policy Lacks Clarity

November 27, 2024

Regulatory risk and uncertainty complicate the planning and implementation of high-priority technology initiatives.

Regulation & Compliance
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Article

Statistical Hypothesis Skepticism: Implications for Credit Risk

November 27, 2024

Despite recent criticism of null hypothesis testing in the scientific community, credit risk modelers continue to use statistical measurement tools, ...

Modeling
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Article

Mossad-Hezbollah Aftermath: A New Perspective on Third-Party Risks

November 22, 2024

Although the war in the Middle East seems distant, recent attacks involving electronic devices have reminded us about the need for effective ...

Third Party Risk
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Article Members Only

Spot Bitcoin ETPs Dominate Even as Ether Offers Alternatives

November 22, 2024

Institutional interest is affected by staking methods and due-diligence requirements.

Investment Management
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Article

The Fallout from Political Elections for Central Banks

November 22, 2024

The global map of political leaders has been completely reshaped over the past year. Could this overhaul threaten the independence of central banks?

Regulation & Compliance
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Article Members Only

Are Digital Assets Up to Speed for Institutional Trading?

November 15, 2024

Blockchain technology is being primed for tokenization of assets. In terms of trade execution, an ECN venue is under 10 microseconds.

Digital Assets
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Article Members Only

Debt Restructurings Ramp Up in Out-of-Court ‘LMEs’

November 15, 2024

Aggressive liability management exercises create conflict and can threaten lender priority.

Default
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Article

Lost in Space: Risk at the Next Frontier

November 15, 2024

The case of the “stranded” astronauts, and other takeaways.

Enterprise
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Article

How Contracts Can Protect Businesses From Climate Risks

November 13, 2024

Contracts are an often overlooked — but powerful tool — to both mitigate climate risks and reduce carbon emissions. And help is at hand for companies ...

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Article

How to Identify and Mitigate Hidden Risk Concentrations

November 8, 2024

Risk concentrations are unavoidable, but the ones that are concealed are the most dangerous. Which strategies can financial institutions employ to ...

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Article

Charting the Future of Consumer Credit Risk

November 8, 2024

Credit risk managers who want to get ahead of the curve must understand the areas of consumer credit that are of the greatest concern in 2025. What ...

Modeling
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Article

Conquering Cross-Border Complexity with Effective Risk Management

November 8, 2024

In a fragmented global economy, compliance with local rules and regulations is key to managing risk when expanding across borders.

Regulation & Compliance
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Article

Keeping It Simple: A Quick Guide to Effective Risk Identification

November 1, 2024

Comprehensive, successful risk management requires proactive identification, assessment and mitigation of threats. What steps can financial ...

Enterprise
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Article Members Only

After Three Decades, Target Date Funds Are Still Working on Their Track Records

November 1, 2024

Derivatives, a relatively new wrinkle, introduce risks of their own, which one firm counters with put options on equities. Underperformance has been ...

Investment Management
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Article

Root Cause Analysis in Internal Investigations: Getting to the Heart of the Problem

November 1, 2024

The process can be difficult, and prescriptive guidance is lacking, but the right analytical and remediation approaches can influence “tone from the ...

Conduct & Ethics
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Article Members Only

Does the Blockchain Race Go Only to the Swiftest?

October 25, 2024

Admittedly “a little late,” Citi has racked up some firsts and is building on the foundation of its integrated digital-assets platform.

Digital Assets
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Article

Reflections on the Past 25 Years: What Risk Managers Have Learned from the Technology Revolution

October 25, 2024

Engineering geniuses have greatly altered the way risk practitioners perceive the financial services industry and evaluate future scenarios.

Data | Innovation
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Article

Is Market Data Reform a Race to the Bottom?

October 25, 2024

Consolidated tape regulations in Europe and the U.S. are on parallel tracks with similar objectives, but there is no clear path to consistency and ...

Financial Markets
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Article

Scenario Games: Can you Navigate the Climate Crisis?

October 23, 2024

GARP’s Climate Scenario Games pack provides you with all the necessary materials to hostan engaging and thought-provoking event about climate risks ...

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Article

Digital-Asset Risk Management: VaR Meets Cryptocurrencies

October 18, 2024

As institutional interest grows, a traditional risk methodology is being tested against crypto-market volatility and uncertainty.

Digital Assets
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Article Members Only

A Swing Pricing Rule Was Highly Anticipated, but the SEC Left It Hanging

October 18, 2024

The regulator did not tip its hand on the controversial mutual fund requirement, but a re-proposal is possible next year.

Regulation & Compliance
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Article

The ECB’s Fresh Approach for Improving Culture and Risk Governance at European Banks

October 11, 2024

Traditionally, when providing guidance on risks related to culture and governance, regulators have emphasized positive attributes that banks should ...

Regulation & Compliance
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Article

The Art of Buying and Selling Risk Analytics

October 11, 2024

How can consultants or third-party vendors of analytics and models separate themselves fromthe pack? And what are banks looking from these external ...

Model Risk
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Article

A Closer Look at CrowdStrike and the Enterprise Security Wake-Up Call

October 11, 2024

The global tech breakdown underscores the importance not only of incident-response planning, third-party risk management and due diligence, but also ...

Resilience
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Article

Mitigating Risks to the Supply Chain: A Risk Manager's Guide

October 4, 2024

Volatility in the global supply chain has been ramped up by geopolitical threats, laborstrikes, trade tensions between countries, natural disasters, ...

Third Party Risk | Resilience
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Article

The Cash Management Impact of the Fed’s Rate Cut: How to Minimize Risk and Maximize Return

October 4, 2024

Changing yield curve dynamics are going to have a significant effect on risk-returntradeoffs in cash management. In response to reduced interest ...

Financial Markets | Investment Management
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Article

Supply-Chain Risk Is Global. A Risk Management Strategy Should Be, Too.

October 4, 2024

Understanding not only the nature and causes of disruptions, but also the complexities of third-party interrelationships, in the interest of ...

Resilience
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Article

Directors Beware: Director Duties and Nature Risks

October 2, 2024

Directors should consider their company’s nature-related risks, or they will be exposed to legal consequences, according to a recent legal opinion ...

Transition Risk | Green Finance & Sustainable Business
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Article

Generative AI Has Made Banking Cheaper - But Has It Made It Better?

September 27, 2024

Large language models, like ChatGPT, have ushered in a new wave of AI that should savebanks time and money, and perhaps mitigate some risk. But there ...

Innovation | Data & AI Model Governance
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Article

What Political Forecasts Can Teach Risk Managers About Risk Filtering

September 27, 2024

How can risk managers better account for momentum bias and the other systematic errors ofpredictions? They can learn a lot from studying the flaws in ...

Metrics
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Article

From Latency to AI- and Algo-Driven Capital Markets

September 27, 2024

Technology advances promise better resource allocation, fairer access and faster insights.

Financial Markets
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Article

How to Manage Uninsured Deposit Liquidity Risk

September 20, 2024

Recent bank failures have confirmed that managing liquidity risk remains a complex and daunting task. This is particularly true for firms with large ...

Financial Markets
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Article Members Only

Syndicated Loan Trading: An Automation Laggard No More

September 20, 2024

Big-bank-backed Octaura and Versana are delivering on their promises for data and operational modernization.

Innovation
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Article

DORA’s Next Round: What Financial Institutions Need to Know

September 20, 2024

A new set of guidelines fills some gaps as the January deadline for EU operational-resilience compliance approaches. Data transparency and ...

Resilience
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Article

A New Dawn for Strategic Planning in the Boardroom

September 18, 2024

Technological advancements as well as changes in reporting requirements and legal expectations are pushing companies to incorporate more long-term ...

Green Finance & Sustainable Business | Climate Risk Management
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Article Members Only

There Is More to Cyber Incident Reporting Than SEC Disclosure Requirements

September 13, 2024

Filing “similar but distinct” reports to multiple agencies diverts resources from dealing with attacks and their aftermath, critics say.

Cybersecurity
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Article

The ECB’s Paper on Novel Risks and IFRS 9 Overlays: A Missed Opportunity

September 13, 2024

Forecasting loan loss provisions for emerging risks under the IFRS 9 accounting standard is an important and extremely challenging task. The European ...

Default | Modeling
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Article

Comparing Climate-Related Disclosure Requirements

September 11, 2024

How do the ISSB Standards build on TCFD?

Green Finance & Sustainable Business | Climate Risk Management
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Article

Building Resilience and Bridges to Weather Risks

September 6, 2024

Interpersonal connections are core to organizational alignment and a resilient culture. Risk managers are “uniquely empowered” to streamline ...

Resilience
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Article

Ignore, Acknowledge or Advocate: How Risk Managers Should Handle Political Risk

September 6, 2024

Politics impact every financial institution’s bottom line and risk profile. How important is it for firms to adapt to this constantly evolving ...

Metrics
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Article

For This Data Scientist and Risk Manager, AI Is a Compelling Next Step

September 6, 2024

“The evolution of my career path” through data, risk and quantitative research brings AllianceBernstein’s Andrew Chin to chief artificial ...

Data & AI Model Governance
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Article

The Risk and Return Profile of Index-Linked Annuities: How to Build the Optimal Portfolio

August 30, 2024

Complex financial products like registered index-linked annuities (RILAs) feature an array of risks and benefits. Evaluating all possible outcomes is ...

Financial Markets | Investment Management
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Article Members Only

Whistleblowing, and How It Pays

August 30, 2024

Regulators increase rewards for enforcement assistance; SEC reports “unprecedented” public participation.

Conduct & Ethics
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Article

Risk Management’s Role in the Climate Transition

August 29, 2024

Simple climate targets are driving paper decarbonization, which has serious unintended consequences. Risk managers must keep this in mind and choose ...

Transition Risk | Climate Risk Management
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Article

Preparing for Disruptions: Lessons Learned from the CrowdStrike Outage

August 23, 2024

An IT failure of global proportions exposed shortcomings in resilience planning. More extensive, automation-aided scenario simulations will be needed ...

Resilience
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Article

What Recent Turmoil Tells Us About Technology Risk Management Principles

August 23, 2024

The trading market suffered an ETFs-driven shock in early August. For technology risk managers, that event should serve as a reminder of the power of ...

Cybersecurity | Innovation
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Article Members Only

Treasury Clearing’s Operational and Cost Implications Come Into Focus

August 23, 2024

Amid a transition said to be bigger than T+1, new providers prepare to move in, and interrelationships begin to take shape.

Treasury
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Article

Balancing the Climate Transition with Economic Growth: A Tug of War or a Surge in the Same Direction?

August 22, 2024

To enable simultaneous growth and decarbonization, emerging markets must embrace innovative financial products which circumvent barriers to net-zero.

Transition Risk
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Article Members Only

Chief, Czar, or Committee: Who Rules Over AI?

August 16, 2024

For a technology affecting business activities across the board and facing its own set of legal, risk and operational challenges, a chief artificial ...

Data & AI Model Governance
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Article

How Would You Like Your Model-Based Financial Disclosures?

August 16, 2024

Disclosures from credit-loss models can divulge vital data about the key risks facing a financial institution. Today’s scenarios-heavy IFRS 9 and ...

Modeling
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Article

Emissions by Sector: Strategies for Achieving Net Zero

August 15, 2024

Understanding the sources of global greenhouse gas emissions is essential for effective climate action. This article breaks down emissions by ...

Transition Risk
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Article

How to Better Manage Operational Risk in Uncertain, Volatile Times

August 9, 2024

Banks must now contend with complex cyber hazards, growing AI and a variety of other threats, but there are specific steps they can take to improve ...

Resilience
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Article Members Only

Peer-to-Peer Fraud: Scammers Adapt as Payments Go Digital

August 9, 2024

Lawmakers cite existing regulations – and propose a newly tailored rule – in pressuring Zelle and its owner-banks to strengthen consumer protections.

AML & Fraud
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Article

Don’t Be Deceived About ESG Sentiment. Companies Must Up Their Compliance Game.

August 9, 2024

Laws have differences and nuances, but all require a rethinking of risk management and compliance strategies.

Regulation & Compliance
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Article

Greenhouse Gas Accounting: 5 Tips for Getting Started

August 8, 2024

Greenhouse gas accounting can be a challenge, even if you understand the key principles. This article contains practical advice for getting started ...

Transition Risk | Green Finance & Sustainable Business
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Article Members Only

Financial Market Infrastructures Press Their Case for Blockchain

August 2, 2024

DTCC, Clearstream and Euroclear place risk mitigation and control mechanisms within a digital-asset standardization and interoperability framework.

Digital Assets
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Article

Credit Modeling: How to Improve Discriminatory Power

August 2, 2024

Predicting defaults is a difficult challenge for risk managers, partly because credit risk models often lack adequate discriminatory power. Some ...

Modeling
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Article

A New Generation of Fake Documents Is Outrunning Conventional Anti-Fraud Capabilities

August 2, 2024

Look to artificial intelligence to detect and manage risks emerging from the technology’s dark side.

AML & Fraud
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Article

Climate-Related Infrastructure Failure Has Complex and Far-Reaching Economic Impacts

August 1, 2024

Damage to infrastructure has a broad range of impacts, which often aren’t considered by lenders. In this article, we look at how these impacts arise ...

Physical Risk | Climate Risk Management
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Article

Is the ‘Too Big to Fail’ Designation Too Constricting?

July 26, 2024

Business and technology interdependencies – like those exposed in the CrowdStrike-Microsoft breakdown – have financial regulators considering a more ...

Regulation & Compliance
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Article

What Risk Managers Can Learn from the Roots of Modern Technology

July 26, 2024

Technology is ubiquitous in risk management today, and its uses and potential dangers are too numerous to list. Risk practitioners must comprehend ...

Data | Innovation
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Article

The Stress Testing Road Ahead: How to Prevent Future Bank Failures

July 19, 2024

Today’s stress tests rely on antiquated approaches that do not consider the full spectrum of banks’ specific exposures to different macroeconomic ...

Default
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Article

Avoiding the Risk Management Growth Trap

July 19, 2024

Banks that grow too fast are prone to failure, especially when they lack proper governance and risk management frameworks. But there are steps they ...

Enterprise
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Article

The Art of Distinguishing Real Risks from Pretenders

July 19, 2024

Risk managers today seem to allocate a lot of time to extreme “what if” tail-risk scenarios. Geopolitical risk is now the conjectural topic du jour, ...

Enterprise | Stress Testing & Scenario Analysis
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Article

Crypto-Connected Silvergate Bank, Overshadowed in the 2023 Crisis, Pays Regulatory Penalties

July 12, 2024

Three agencies assess the defunct California institution $63 million. Former CEO settles SEC charges for $1 million, CRO for $250,000.

Conduct & Ethics
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Article Members Only

Short-Selling and Securities-Lending Rules Meet Legal Resistance

July 12, 2024

The SEC says it is fulfilling Dodd-Frank transparency mandates. Alternative fund groups allege that they are flawed and arbitrary.

Regulation & Compliance
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Article

AI Regulation by Geography: How Jurisdictional Differences Have Emerged

July 12, 2024

Whether the varied approaches and emphases are seen as confusing or as healthy experimentation, financial firms must take their compliance ...

Regulation & Compliance
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Article

The Fed’s 2024 Stress Test: Key Takeaways

July 3, 2024

The good news is that the commercial real estate market is not projected to crater and that that large U.S. banks have enough capital to survive ...

Counterparty | Default
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Article Members Only

A Big Tech Arms Race Is Fueling the AI Boom. Are Productivity Gains or Business Efficiencies in Sight?

July 3, 2024

Some of the billions of investment dollars make their way into risk and other enterprise-level solutions, but the big payoffs will take time to ...

Risks & Risk Factors
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Article

Evolving AI: Threats and Opportunities

June 28, 2024

Financial institutions are clearly benefitting from machine learning and generative AI, but a recent academic research paper shed some light on a new ...

Tools & Techniques | Risks & Risk Factors | Responsible & Ethical
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Article Members Only

Market-Structure Changes Are Coming for U.S. Treasury Securities, and Competition Is Brewing

June 28, 2024

Clearinghouse operators look to challenge the current DTCC-owned utility provider; ICE enters the fray.

Market
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Article

Nature Risk Measurement Is Evolving

June 27, 2024

As more leading firms identify nature-related risks in their portfolios, we examine how they’re doing it and how they’ve progressed so far.

Nature Risk Management
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Article Members Only

Risk-Management Considerations Amid Continuing Supply-Chain Pressures

June 21, 2024

The causes and effects – and ultimate business impacts – are macroeconomic and geopolitical.

Resilience
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Article

Are Board Risk Committees Up to the Task of Overseeing Large, Complex Banks?

June 21, 2024

Big banks today boast board risk committees, but the members of those committees often lack the risk expertise needed to ask tough questions on ...

Regulation & Compliance
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Article

An International Push for Anti-Money Laundering Reform

June 21, 2024

Authorities’ call for “urgent action” follows European Union legislation that could reshape the fight against financial crime.

AML & Fraud
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Article

How Do We Measure Global Warming?

June 20, 2024

There are a variety of ways to calculate global warming, but which one is best suited for policy?

Physical Risk | Transition Risk
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Article Members Only

New Reporting Rule Brings Repo Transactions Out of the Shadows

June 14, 2024

Regulators will see transaction-level data on “non-centrally cleared bilateral” – the last and biggest repurchase-agreement segment where ...

Financial Markets
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Article

Commercial Real Estate and Bank Systemic Risk

June 14, 2024

Shining the light of available data on real estate loan quality, concentration risk and “market-value insolvency.”

Financial Markets
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Article

The Limitations of Models and the Need for Simpler Scenarios

June 14, 2024

Risk models today are asked to perform statistical miracles, covering a multitude of far-flung scenarios that cannot be validated. This approach ...

Model Risk
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Article

How to Mitigate Risk and Improve Decision-Making via Probabilistic Thinking and Rare Events Modeling

June 7, 2024

Risk managers must acknowledge the role that chance plays – particularly in extremely unlikely events – to reduce risks and to make better, more ...

Enterprise | Stress Testing & Scenario Analysis
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Article

The Evolving Role of G-SIBs: Is Big Beautiful Again?

June 7, 2024

There is a growing appreciation for global systemically important banks. But G-SIBs still face tough risk management standards and high capital ...

Counterparty
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Article Members Only

After a Cyberattack, Assigning Blame Can Get Personal

June 7, 2024

The prosecution of a chief information security officer leaves other CISOs and their IT, compliance and risk management peers to wonder who might be ...

Cybersecurity
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Article

How Banks Can Better Manage Climate-Related Financial Risks

June 6, 2024

Actions can help a bank, its borrowers, or both. But which ones are most effective for managing the financial risks from physical climate events?

Physical Risk | Climate Risk Management
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Article

A Persistent and Systemic Threat Is Also a Common Thread

May 31, 2024

Cybersecurity continues to be a mainstay in assessments of risks to financial stability. Recent analyses look more closely at cyber’s ...

Cybersecurity
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Article

Reflections on the Value of Models

May 31, 2024

Right or wrong, models “are essential to making sense of the world.” It’s a problem “when people become servants to their particular models.”

Model Risk
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Article

The Potential Impact of Generative AI on Risk Careers: A Q&A with Michelle Liposky

May 31, 2024

The latest innovation in AI continues to transform the day-to-day jobs of risk managers. In which risk areas has generative AI gained traction, and ...

Tools & Techniques | Career Development
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Article

Understanding How the Financial System Impacts Climate Change

May 30, 2024

How does the financial system affect climate change? For example, are voluntary net-zero targets actually effective at driving the transition to net ...

Physical Risk | Transition Risk | Climate Risk Management
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Article

Preventing the Next Bank Failure: Lessons Learned from the Fall of Republic First

May 24, 2024

Coinciding with the post-COVID struggles of the commercial real estate (CRE) sector in the U.S., more regional bank failures could be on the horizon. ...

Financial Markets
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Article

Is the Three Lines of Defense Paradigm Dead?

May 24, 2024

A three-pronged approach to risk management has been widely employed by the financial services industry for the past 10 years. This model, however, ...

Conduct & Ethics | Regulation & Compliance
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Article

Five Ways to Strengthen Third-Party Cyber Risk Management – and Get Past Common Misperceptions

May 24, 2024

Contractual agreements and other protective measures may not stand up to all threats and crises. Business-continuity and incident-response plans, for ...

Cybersecurity
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Article

Navigating the New Regulatory Landscape: How European Banks and Risk Managers Must Adapt

May 17, 2024

Credit risk managers are going to have to adjust to new standards that are on the horizon for models and for artificial intelligence. What specific ...

Counterparty
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Article

The Rise of Conjectural Risk Management

May 17, 2024

Today, stress testing forecasts and ECL calculations are heavily reliant on guesswork scenarios that largely forego empirical data. How has scenario ...

Default | Modeling
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Article

How Extreme – and How Manageable – Are the Risks of AI?

May 17, 2024

Concerns are voiced about excessive energy consumption, biases, privacy invasions, and even the fate of humankind. “Responsible AI” alone won’t ...

Risks & Risk Factors
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Article

Exploring the Connections Between Climate Change and Global Financial Stability

May 16, 2024

One of the many reasons for caring about climate change is its potential to lead to financial instability. But how might this happen and how likely ...

Physical Risk | Transition Risk | Climate Risk Management
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Article Members Only

Synthetic Risk Transfers Draw Interest from U.S. Banks

May 10, 2024

More common in Europe until now, SRT deals can effectively off-load credit risks and help improve capital efficiency. But the pricing has to be right.

Read Article
Article

Rethinking Technology Risk: Moving Beyond Guns, Gates and Guards

May 10, 2024

Risk management for a long time suffered from a narrow, protective approach focused on dangers, rather than risks and opportunities. As technologies ...

Cybersecurity | Data
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Article

Data Privacy as a Driver of Governance, Risk and Compliance

May 10, 2024

With the coming AI boom and accompanying regulation, privacy assurance will pay off for organizations that respond effectively to public concerns and ...

Data
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Article

It’s Time for Climate Scenario Analysis to Evolve

May 9, 2024

The speed, scale and style of the low-carbon transition to a net-zero economy poses complex challenges. Here’s how the Bank of England is extending ...

Physical Risk | Transition Risk | Climate Risk Management
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AI Rears Its Head as a Cyber Threat

May 3, 2024

Accompanying the widespread deployment of powerful new business applications is a growing realization that the technology also gives fraudsters and ...

Cybersecurity
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Article

Managing Inflation Risks: A Practical Guide

May 3, 2024

Price hikes and price uncertainty can have a huge impact on spending, investment, loan origination and, ultimately, default risk. But what tools can ...

Metrics
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Article Members Only

A New Look at the Supplementary Leverage Ratio

May 3, 2024

Should a pandemic-era policy response to Treasury market turmoil be reinstated permanently?

Treasury
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Article Members Only

A Tool for Systemic-Risk Analysis Is Making Some Long-Awaited Headway

April 26, 2024

The ACTUS data standard is seen as helping regulators to identify brewing crises early enough to take mitigating actions.

Data
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Article

A Modest Suggestion to Improve Stress Testing

April 26, 2024

The current process for ensuring that banks have enough capital to cover their potential losses is too reliant on conditional scenario analysis. ...

Default | Modeling
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Article

Navigating the Unknown: Manage Geopolitical Risk Proactively

April 26, 2024

Acknowledge complexity and uncertainty and prepare for various disruptive scenarios, a leading risk analysis and intelligence executive advises.

Enterprise
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Article

Corporate Treasury Power Play: Strategic Moves to Maximize M&A Success

April 19, 2024

When preparing for a merger or acquisition, the treasury team can actively shape its success, assuming a pivotal role in the due diligence, ...

Enterprise
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Article

The Budget Brain-Teaser: How to Optimize Capital

April 19, 2024

Markets can evolve rapidly, sometimes driven by unprecedented events, and financial institutions therefore cannot over-rely on historical data for ...

Modeling
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Dividend-Paying Stocks: Where Mitigating One Risk Begets Another

April 12, 2024

Amid sky-high stock prices and interest rates, investors reaching for income must sift carefully through dividend-paying stocks to avoid value traps.

Investment Management
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Article

Reflections on Daniel Kahneman’s Contributions to Risk Management: The Power of Human Frailties

April 12, 2024

All major risk management failures of the past 50 years have been driven at least partly by human biases and tendencies. Now is a good time to ...

Conduct & Ethics
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Article

Anti-Fraud Strategies Take Center Stage Amid Consumers’ Shifting Expectations

April 12, 2024

Financial firms can strengthen relationships and loyalty by protecting consumers from, and educating them about, the threats.

AML & Fraud
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Article

When Insurance Becomes a Risk Factor

April 5, 2024

Insurance products can help mitigate and properly distribute risks, but also often come with perverse incentives that can work against risk managers. ...

Modeling
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T+1 Settlement: A Hard Deadline Approaches, with Some Gaps in Preparedness

April 5, 2024

Firms globally must be ready for North America's shorter securities processing cycles by May 28. Similar mandates for EU and U.K. markets are ...

Financial Markets
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Article

How to Grow Your Risk Hiring Potential: A Q&A with Robert Iommazzo

April 5, 2024

The outlook for career growth in risk management remains robust, despite high interest rates and restructuring at many financial institutions. But ...

Career Development
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Article

3 Key Areas for Understanding Nature-Related Risks

April 4, 2024

Nature-related risks remain both less understood and less widely discussed than climate risks. As nature and biodiversity continue to decrease ...

Physical Risk | Transition Risk | Nature Risk Management
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Article

Nature Risk: The Velociraptor Next Door

March 28, 2024

What’s the difference between the risks nature imposes on humans and the risks humans impose on nature? What are some examples, and what steps can ...

Data
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Post-Libor Transition, There Remain Refinements to Be Made and Risks to Be Aware of

March 28, 2024

Market participants are told to stay vigilant “to preserve the robust system of reference rates achieved through the decade-long transition effort”.

Financial Markets
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Article

The Data Conundrum for Risk Modelers

March 28, 2024

Understanding the Difference: Forecasts, scenario projections, and model outputs aren't raw data; they carry inherent errors and biases. Risk ...

Modeling
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Article

Physical and Transition Risk Interactions: A Case Study in Mining

March 26, 2024

More frequent extreme weather events could make it harder to produce the minerals needed for the transition to a low-carbon economy. We explore how ...

Physical Risk | Transition Risk
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Private Credit Moves In on Traditional Loan Channels, and Regulators Are Watching

March 22, 2024

The segment remains small relative to total debt and the economy, but the risks of contagion and banking instability cannot be ruled out.

Counterparty
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Article

The CRR3 Output Floor: A Strange Backstop for Credit Risk Measurement

March 22, 2024

Basel 3.1 has a so-called output floor that places strict limits on the amount of benefits a bank can gain from using internal models to meet ...

Modeling
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Article

How Blockchain Technology Can Streamline an Investment Value Chain

March 22, 2024

Eliminating intermediary steps and inefficiencies isn’t merely theoretical. A property lending firm’s CTO explains.

Innovation
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Article

The Run on SVB: How Much Did Technology Have to Do with It?

March 15, 2024

In a world of “faster, always on, real-time money flows,” customer withdrawals en masse exacerbated the California-based bank’s catastrophic ...

Market
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Article

Balancing the Business Model and Concentration Risk

March 15, 2024

It is extremely difficult to identify, measure and manage adverse concentrations. Why is it important to understand the effects of concentration risk ...

Metrics
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Article

Risk Management and Generative AI: A Matter of Urgency

March 15, 2024

Identifying safeguards as risks come into view.

Risks & Risk Factors
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Article

Sustainability's Impact on Risk Management Through Climate Stress Testing and Net-Zero Portfolio Simulations

March 14, 2024

As the urgency of tackling climate change becomes more real, risk management in financial firms is changing.

Transition Risk | Climate Risk Management
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In the SEC's Cyber Disclosure Rules, Timing Is a Sticking Point

March 8, 2024

Risk and operational concerns center on a four-day reporting deadline, while other principles and objectives are less contested.

Regulation & Compliance
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Cyber Risks Spark Optimism in Cat Bond Market

March 8, 2024

Expectations are high even as the growth factor of inflation recedes.

Financial Markets
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The Bottom Line on Trust: Institutions Can't Count on It

March 8, 2024

The public has soured on government and politics, media and the corporate world. For banks, it will take “all hands on deck,” from “resiliency teams ...

Enterprise
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Article

Stress Testing in 2024: Analyzing the Fed’s Newly Released Scenarios

March 1, 2024

The Federal Reserve this year requires banks to consider exploratory scenarios that factor in deposit runs and funding liquidity problems, among ...

Modeling
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Article

How to Take the Stress Out of Stress Testing

March 1, 2024

All banks that are subject to this years’ annual stress test from the Federal Reserve are expected to have sufficient capital to pass, despite the ...

Stress Testing & Scenario Analysis
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Article Members Only

Pros and Cons of Generative AI: A Quantitative Analysis

March 1, 2024

Artificial intelligence is changing the risk modeling landscape. Financial institutions are evaluating whether they can gain an edge through the ...

Tools & Techniques
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Article

Do Cryptocurrencies Pose a Macro Threat to the Global Financial System?

February 23, 2024

Digital currencies like bitcoin have made significant inroads among investors and in several countries – but are their risks greater than their ...

Digital Assets
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Article

Did CECL and IFRS 9 Fix the Procyclicality Problem?

February 23, 2024

Modern reporting standards for expected credit losses are, as anticipated, more volatile than the previous incurred-loss approach. But the key ...

Default
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Article

California Law, Following Europe, Introduces a New Privacy Rights Wrinkle

February 23, 2024

Tips to avoid the emerging risks of “dark patterns” and preserve informed consent through customer interfaces.

Regulation & Compliance
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The Corporate Transparency Act Puts Spotlight on Beneficial Ownership Information

February 16, 2024

New AML-related compliance burdens fall on business entities and banks; “disclosing of essential information for the greater good” of corporate and ...

Regulation & Compliance
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Article

Coming Up Short: Risk Management Deficiencies of the UN's Interim Report on AI Governance

February 16, 2024

The United Nations' proposed governance of artificial intelligence is welcome, but it lacks risk management necessities, and a more structured and ...

Enterprise
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Article

Bank of America Quantitative Strategies Leader Is Named Financial Engineer of the Year

February 16, 2024

International Association for Quantitative Finance honors Leif Andersen, also affiliated with NYU and Carnegie Mellon, as "both an academic and a ...

Innovation
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Article

Carbon Leakage: What Is It and How Is It Shaping Climate Policy?

February 15, 2024

Carbon leakage poses a significant challenge to global climate change mitigation efforts. Here’s what risk professionals should know about it, as ...

Transition Risk
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Article

Geopolitical Risk is Spreading Across the Risk Spectrum. Are You Prepared?

February 9, 2024

Whether we’re talking about, say, the Israel-Hamas armed conflict, the ongoing Russia-Ukraine war, or attacks on commercial shipping vessels in the ...

Financial Markets
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Life Settlements Are Settling In as an Alternative Asset Class

February 9, 2024

As insurance-policy death benefits attract yield-hungry investors, portfolio management requires attention to policyholder longevity, insurer ...

Investment Management
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Article

EU Banks Enjoy Success, But Must Stay Vigilant About Emerging Risks

February 9, 2024

European banks have done a fine job of building capital while keeping their risk exposure in check in volatile times. How have they achieved this, ...

Default
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Article Members Only

Is Institutional-Grade Blockchain Ready for Its Great Leap Forward?

February 2, 2024

Perceiving an inflection point for digital assets, DTCC joins with international peers in a call for order, collaboration and standardization.

Innovation
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Article

Continuity and Resilience: Lessons from 2023 into 2024

February 2, 2024

Geopolitical and other uncertainties are escalating third-party risks for all sectors. More robust and integrated stress and scenario testing become ...

Resilience
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Article

How to Measure and Model the Multi-Layered Threat of Cyber Risk

February 2, 2024

Risk managers working in the cybersecurity arena face the daunting task of identifying, analyzing and evaluating a variety of idiosyncratic risks. To ...

Data
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Article

Climate Risk Stress Testing: Agenda 2024

February 1, 2024

Banks, especially in Europe, have key climate-related stress test deliverables to complete in 2024. We highlight some key challenges that will need ...

Physical Risk | Transition Risk | Climate Risk Management
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Have Spot Bitcoin ETFs Changed the Digital-Asset Game?

January 26, 2024

The products approved by the SEC are “step one” in a revolution, says the CEO of BlackRock, an early leader in fund inflows. But many crypto-related ...

Investment Management
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Article

Will ChatGPT Break Financial Markets?

January 26, 2024

Generative AI models have the potential to alter the trading landscape significantly. Risk managers have learned lessons from the dramatic impact of ...

Risks & Risk Factors
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Risk Management Forecast for 2024: Defining Trends and Ways to Prepare

January 26, 2024

Amid continuing economic and market uncertainties, conduct regular risk assessments, understand models and their limitations, and be ready to respond ...

Enterprise
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Article

Navigating New Principles for Climate-Related Financial Risk Management

January 25, 2024

U.S. banking regulators have issued a new framework for climate-related risk. What are the core principles, and how should financial institutions ...

Physical Risk | Transition Risk | Climate Risk Management
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Article

The Costs of Credit Scores and Data Privacy

January 19, 2024

EU courts have recently granted even more protection to consumers’ data, raising doubts about the future of credit scoring in Europe. While greater ...

Counterparty
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Artificial Intelligence Poses Difficult Questions for Corporate Boards. It Can Also Improve How They Work.

January 19, 2024

As with any technological breakthrough, AI carries risks along with payoffs. Both sides of that ledger can benefit from AI-driven governance, ...

Enterprise
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Article

Siri, What’s My Stress Scenario?

January 19, 2024

Risk managers are in line to face a myriad of difficult challenges in 2024, ranging from geopolitical tensions to cyber threats to the growing impact ...

Metrics
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Article

New Year's Resolutions for Risk Managers in 2024

January 12, 2024

Finding balance in managing risk and return is extremely challenging, especially during periods of uncertainty fueled by geopolitical tensions, cyber ...

Metrics
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Article Members Only

Basis Trades: Treasury Market Lubricant or Systemic Risk?

January 12, 2024

A winning strategy for hedge funds has regulators worried about leverage and financial stability; a “vulnerability worth monitoring,” according to ...

Financial Markets
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Article

The Risk-Reward of Buy Now, Pay Later

January 12, 2024

BNPL platforms have grown exponentially over the past five years, and may seem like a savior for cash-strapped consumers. However, proper financial ...

Counterparty
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Article

Production vs. Consumption: Assessing a Country's Contribution to Climate Change

January 11, 2024

Reaching net-zero emissions has emerged as a primary objective for nations around the world. But how should we measure their contribution to climate ...

Transition Risk
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Article

5 Risk Predictions for 2024

January 5, 2024

Inflation, commercial real estate volatility, cyberattacks, geopolitical threats, social unrest, and extreme weather events are among the risks that ...

Metrics
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Government-Owned, Consumer-Centered Banks Gain Limited Traction, but the Idea Is Alive

January 5, 2024

Although only one U.S. state has opened a public bank, advocates believe the model can benefit localities financially while reaching customers not ...

Conduct & Ethics
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Article

How Harnessing the Power of AI Can Revolutionize Alternative Lending

January 5, 2024

New and enhanced analytics, personalization and decision support are well suited to the needs of the SME market.

Data
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Article

Structural Changes Loom in Securities Finance

December 22, 2023

Changing market dynamics accompany questions about future governance of the EquiLend platform, following a settlement of antitrust charges

Financial Markets
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Article

AI Risk: The Inefficiencies of Existing Oversight, and What FRMs Can Learn From Science Fiction

December 22, 2023

Regulations and government guidelines for AI are flawed and do not address the key risks presented by this complex, fast-evolving technology. ...

Risks & Risk Factors
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Article

The FHFA's New Vision: A Wonderful Life for the Federal Home Loan Banks?

December 15, 2023

FHLBanks have moved away from their intended mission as community-oriented mortgage lenders and are therefore in need of a revamp. The Federal ...

Counterparty
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Article

Financial Firms Pay Steep Price for WhatsApp and Other 'Off-Channel' Messaging

December 15, 2023

Will upwards of $2 billion in regulatory penalties deter further violations of communication-retention rules? Solutions may require attention to ...

Regulation & Compliance
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Article

Unveiling the Hidden Threat of Payment Fraud

December 15, 2023

Operational challenges and reputational damage can compound the financial costs.

Counterparty
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Article

How Generative AI Can Solve a Traditional Risk Modeling Problem

December 8, 2023

Financial risk modelers are now using generative AI to work more efficiently. Though the technology is still not yet fully developed, modelers can ...

Tools & Techniques
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Article

Will Increased Complexity Save Scenario Analysis?

December 8, 2023

Banks are now under pressure to deploy more explanatory scenarios that expand the range of tail risks they consider. The hope is that this approach ...

Modeling
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Article

Asset Exchange Connects a Network of Lenders to Customized Advice and Analytics

December 8, 2023

PNC Capital Markets seeks to stand out from the loan-platform crowd.

Counterparty
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Article

The Business Impact of Supply Chain Sustainability

December 7, 2023

Can reining in third-party emissions help strengthen the bottom lines of today’s top businesses?

Transition Risk
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Article

Navigating and Managing Geopolitical Risks

December 1, 2023

Fueled by the ongoing Israel/Hamas and Russia/Ukraine conflicts, headline-grabbing geopolitical threats are a source of significant concern for ...

Metrics
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Article

Updated U.S. Cyber Guidelines Place Emphasis on Risk Governance

December 1, 2023

The 10-year-old NIST framework gets a makeover that draws from and expands applicability of proven practices in financial services and other critical ...

Cybersecurity
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Article

Corporates Awake to Bank-Counterparty Risk

December 1, 2023

Treasurers reacted to this year’s banking turmoil with more – and more sophisticated – metrics to keep watch on their banking relationships.

Counterparty
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Article

Climate Transition Planning: A Guide for Risk Professionals

November 23, 2023

As the world moves toward net zero, companies need to plan their transition to a lower carbon future.

Transition Risk
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Article

Redefining Financial Stability: Pros and Cons of New Regulatory Proposals

November 22, 2023

The Basel III Endgame and the Fundamental Review of the Trading Book are among the upcoming regulations that have unique limitations and advantages.

Regulation & Compliance
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Article

Combating Cybercrime in the Age of Remote Work

November 22, 2023

Despite familiarity with bigger attack surfaces and less-secure perimeters, threat awareness and deterrence require continuing and constant vigilance.

Cybersecurity
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Article

Operational Risk Capital Proposal: Time to Hit the Pause Button

November 17, 2023

The so-called Basel III Endgame could lead to significant amendments in operational loss estimation at big banks.

Resilience
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Article

The 2023 Banking Turmoil: A Middle-of-the-Road Crisis

November 17, 2023

This year’s regional banking fiascoes in the U.S. offered valuable lessons for risk managers, but do they measure up with the 2008 global financial ...

Default
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Article

5 Ways to Improve Model Risk Management

November 17, 2023

How risk assessment, data management, governance and AI can contribute to continuous improvement.

Model Risk
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Article

Real Estate Risks Are Global, but Impacts and Perceptions Vary

November 10, 2023

China’s residential and commercial markets are top concerns in a GARP Benchmarking Initiative survey. In the U.S., multifamily and some office types ...

Counterparty
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Article

Can Banks Reliably Estimate Credit Losses?

November 10, 2023

Financial institutions have improved their ability to forecast losses thanks to better models, impactful regulations and voluminous, higher-quality ...

Modeling
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Article

To Combat Money Laundering, AI Tools Come Off the Shelf and In the Cloud

November 10, 2023

Weapons for fighting financial crime and fraud are increasingly powerful and accessible, but they must be well orchestrated to be effective.

Tools & Techniques
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Article

The Constantly Evolving Cyber Threat Landscape: Current Lessons for CISOs

November 3, 2023

Because the risks are growing more in volume than in complexity, existing defenses can usually suffice. Here is a look at some of the more novel ...

Cybersecurity
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Article

Has ESG Gone Off the Rails?

November 3, 2023

“When regulation starts to become coercive, then there is a problem,” an investment manager writes.

Investment Management
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Article

The Impact of Generative AI on Risk Careers

November 3, 2023

The latest innovation in AI has already made inroads in risk monitoring, measurement and analysis. How will GenAI change the risk landscape, and will ...

Career Trends
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Article

Reducing Emissions: The Devil in the Details

November 2, 2023

Getting to net-zero by 2050 is essential – but how it’s done matters too.

Transition Risk | Green Finance & Sustainable Business
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Article

Responses Are Mixed to the SEC’s Treasury Central Clearing Proposal

October 27, 2023

Cost-benefit questions persist despite potential for significant risk reduction

Counterparty
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Article

The Road to Better Model Risk Management

October 27, 2023

Firms new to the discipline have their work cut out as regulators bring attention and clarity to model risk. The experience of forward-thinking early ...

Model Risk
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Article

Harm Reduction: A Strategy to Mitigate the Risks of AI

October 27, 2023

AI advancements have brought a lot of potential benefits to the financial system, but also come with risks. To minimize the impact of negative ...

Responsible & Ethical
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Article

Climate Trends, Narratives, Shocks and Credit Risk Stress Scenarios

October 26, 2023

Credit risk measurement still doesn’t adequately capture the effects of climate change. Why is that, and what can be done to improve the modelling?

Physical Risk | Transition Risk | Climate Risk Management
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Article

Investment Managers Keep Faith in Emerging Markets

October 20, 2023

“Many EMs are well positioned to have economic growth acceleration in 2024 and beyond,” says one portfolio manager. “We invest in companies, not ...

Investment Management
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Article

Could Speedier High-Frequency Trading Prompt the Next Market Meltdown?

October 20, 2023

Traders and market makers are pushing hard for faster HFT, claiming it will result in more liquid and more efficient markets. But a proposed speed ...

Innovation
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Article

After Temporary Dislocations, Insurance-Linked Securities Are Breaking Records

October 20, 2023

Anticipated cyber catastrophe bonds and innovative deal structures are expected to fuel further growth

Investment Management
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Article

How to Reduce Bank Failures: A Novel Approach

October 13, 2023

Poor risk governance, culture and infrastructure have been responsible for many financial meltdowns, including this year’s SVB and Signature Bank ...

Regulation & Compliance
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Article

Generative AI: The Next Wave in Credit Assessment?

October 13, 2023

Banks must now consider how the latest advancement in AI can help risk analysts measure consumer and corporate credit.

Tools & Techniques
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Article

Addressing Data Management Challenges with Emerging Technologies and Industry Collaboration

October 13, 2023

Along with AI, cloud and other advances, it will take a cultural shift to overcome the obstacles of overlapping standards, legacy-system complexities ...

Data
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Article

Transforming Risk Management with Generative AI

October 6, 2023

The next generation of AI is not flawless, but could very well be used to identify and rank threats, democratize data and analytics, and improve ...

Tools & Techniques
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Article

How Regulatory Backstop Measures Can Lead to Worse Risk Management

October 6, 2023

Whenever supervisors do not feel sure about risk measurement, they add conservatism. But the probability of default backstop the ECB has added to ECL ...

Default
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Article

Unmasking Gray Actors: How to Spot and Stop a Costly Wave of Fraudulent Behavior

October 6, 2023

Subtle deceptions hook unsuspecting victims; risk mitigation measures can be mobilized.

Cybersecurity
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Article

Amid Controversy over Capital Requirements, Top-Rated Structured Bonds Offer Respite

September 29, 2023

The biggest U.S. banks are wary of proposed Basel III impacts, but securitization risk weights could drop

Default
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Article

Balanced Risk Modeling: How to Better Prepare for Shocks

September 29, 2023

Risk managers need to worry about both idiosyncratic outcomes and systemic risks. An integrated, comprehensive modeling approach is the only way to ...

Metrics
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Article

Global Investment Performance Standards: After 25 Years, Room to Grow, and Gaps to Close

September 29, 2023

More smaller and alternative funds are in the fold as consultants and outsourcers offer to support compliance

Investment Management
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Article

The Reawakening of Blockchain – and Its Impact on Risk Management

September 22, 2023

A series of large blockchain initiatives from the like of JPMorgan Chase and the LSE have recently grabbed headlines, once again placing the ...

Digital Assets
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Article

Should Internal Bank Models Be Used for Capital?

September 22, 2023

Large U.S. banks may be forced to employ standardized, regulator-driven models to calculate capital in the future. But, for a variety of reasons, ...

Modeling
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Article

Behavioral Biometrics: A Safe Middle Ground for the Fight Against Financial Fraud?

September 22, 2023

An advanced identity verification tool is reinforcing but not replacing legacy methods

Cybersecurity
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Article

Inside The Complex Landscape of Carbon Prices

September 21, 2023

There are at least five different kinds of carbon prices. How could they impact your portfolio?

Transition Risk
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Article

In the Wake of Libor, New AFX Leadership Turns Attention to Growth

September 15, 2023

Regulatory concerns have surfaced, but supporters maintain that credit-sensitive rates including Ameribor have withstood market stresses and proved ...

Market
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Article

NBFIs: Risks and Opportunities From Nonbanks in the Financial System

September 15, 2023

Conventional banks face major risks from the explosive growth of so-called shadow banks, but these institutions also offer hope to up-and-coming risk ...

Financial Markets
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Article

Management Liability: Four Ways to Reduce the Risk

September 15, 2023

The right preparatory steps can effectively insure against losses and benefit risk management overall

Resilience
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Article

India: A Case Study in Climate Mitigation and Adaptation

September 14, 2023

This article explores the difficult trade-offs that need to be made between the competing claims of climate mitigation, adaptation, and economic ...

Physical Risk | Transition Risk | Climate Risk Management
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Article

Quantum Computing: Breakthrough Performance Comes with High-Stakes Perils

September 8, 2023

Although the fully realized technology is years away, it is advancing incrementally, and risks are coming into focus

Innovation
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Article

SVB and Signature Bank Fallout: Why We Need a Different Approach to Regional Bank Regulation and Risk Management

September 8, 2023

Regulators seem to once again be focused on increasing capital and liquidity requirements for banks of a certain size in response to recent fiascoes ...

Regulation & Compliance
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Article

An Overlooked Element of Executive Safety: Data Privacy

September 8, 2023

Proliferation of personal data puts company leaders at risk. Security technologies can protect them.

Cybersecurity
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Article

The Impact of Evolving Central Bank Digital Currencies on Banks and Risk Management

September 1, 2023

Digital currencies developed by central banks may be the wave of the future, but still face significant barriers to entry. Are CBDCs a threat to ...

Data | Digital Assets
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Article

How Generative AI Will Disrupt Credit Risk Modeling

September 1, 2023

Improved coding of PD, LGD and EAD models is one of the potential benefits of this innovative technology. How does this work, and what else can ...

Modeling
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Article

Systemic Vulnerabilities Underscore the Need for a Data Standard

September 1, 2023

Legal Entity Identifiers, although still a work in progress, point the way toward real-time risk analysis and contagion alerts

Data
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Article

Reassessing the Current State of Bank Safety

August 25, 2023

What level of danger are banks now facing? In the wake of a series of extreme events, do they need to adopt complex, nonlinear models for tail risk ...

Financial Markets
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Article

Exhaustive Scenario Analysis: What Banks Can Learn From the Airline Industry’s Flight Simulations

August 25, 2023

Flying is hundreds of times safer than driving, thanks at least partly to comprehensive simulations performed by airline pilots. Banks that want to ...

Modeling
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Article

Large Language Models, Security and Privacy

August 25, 2023

Effective corporate culture and governance practices are paramount, a top information security executive writes.

Responsible & Ethical
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Article

Insurance Regulation Could Stymie Financing for Risky Companies

August 18, 2023

Opponents say a higher capital charge will affect availability and returns on collateralized loan obligations

Regulation & Compliance
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Article

Is Honesty Really the Best Policy in Risk Management?

August 18, 2023

The truth, contrary to the Bible, does not always set you free – particularly if you are a risk manager who does not want to block innovation. What ...

Conduct & Ethics
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Article

Building a Healthy Risk Culture: A Q&A With Clifford Rossi

August 18, 2023

Banks with effective risk cultures are less prone to errors and more equipped to handle shocks. But what specific steps do they need to take to ...

Enterprise
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Article

Building a Healthy Risk Culture: A Q&A With Clifford Rossi

August 18, 2023

Banks with effective risk cultures are less prone to errors and more equipped to handle shocks. But what specific steps do they need to take to ...

Career Development
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Article

A CRO on a Mission to Help Build a Resilient Culture

August 11, 2023

For BNY Mellon’s Senthil Kumar, “intelligent risk-taking” is at the heart of holistic risk management

Enterprise
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Article

Coping with Inflation and Liquidity Risk – and Their Knock-on Effects

August 11, 2023

Consistent risk modeling and holistic analysis of inflation’s impacts are keys to insurers’ approach

Market
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Article

Banks Have a Better Grip on Online Fraud, but the Threats Persist

August 11, 2023

Digitization brings both opportunity and vulnerability. Beware social engineering and email compromise.

Cybersecurity
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Article

Four Hurdles of the EU’s Digital Operational Resilience Act

August 4, 2023

Stringent requirements for technological reliability, cybersecurity, business continuity and vendor risk management take effect in January 2025. ...

Cybersecurity
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Article

Traditional vs. Fixed Analysis: Weighing the Pros and Cons of An Alternative Approach to Scenario Design

August 4, 2023

For decades, to better manage uncertainty and make more accurate forecasts of losses, financial institutions have relied on a multi-scenario strategy ...

Modeling
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Article

How Risk Managers Should Define a Crisis, and Why It Matters: A Q&A With Dr. René Stulz

August 4, 2023

The global financial services landscape has been significantly altered by unpredictable – and sometimes unprecedented – events over the past 15 ...

Enterprise
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Article

New Climate Regulations: What to Know and What They Are Trying to Achieve

August 3, 2023

A plethora of climate-related, real economy regulation has been released in the last few years. What are the main themes, and what are these policies ...

Transition Risk
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Article

Remembering Harry Markowitz: A Risk Management Pioneer and Beloved Mentor

July 31, 2023

The risk community looks back on the finance legend and Nobel Prize winner, whose creation of Modern Portfolio Theory (MPT) transformed wealth ...

Career Development
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Article

Does Visualization Improve the Explainability of ML Models?

July 28, 2023

Machine-learning models are being used by more and more financial institutions to improve the accuracy of credit risk forecasts. Sophisticated ...

Tools & Techniques
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Article

Risk Management and the Tangled Web of Financial Control, Accounting and Technology

July 28, 2023

Aided by blockchain, financial control professionals are making impressive advancements in risk management. What are the differences between ...

Data
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Article

What to Know About U.S. Regulators’ Third-Party Risk Management Guidance

July 28, 2023

Defining expectations for risk-based approaches and governance, the agencies are “more prescriptive and clarifying” than in their 2021 proposal

Third Party Risk
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Article

CECL and IFRS 9: Superior Risk Management or Psychological Ploy?

July 21, 2023

Projecting expected credit losses is tricky, partly because scenario analysis is imprecise and partly because recessions do not necessarily yield ...

Default
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Article

Moving Up on the Compliance Agenda: The EU’s EMIR Refit

July 21, 2023

Market infrastructure rules affect derivatives counterparties and trade repositories, stress data quality and standardization

Data
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Article

Collateral Management Technology Is Boosting Efficiency and Adding Strategic Value

July 21, 2023

Systems are rising to the post-Dodd-Frank challenges of operational and transactional complexity

Counterparty
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Article

Oil and Gas Business Models – Resilient or Risky?

July 20, 2023

Despite a continued commitment to fossil fuel production, oil and gas companies contend that their business models are Paris-aligned. How is this ...

Transition Risk
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Article

Extensive Cybersecurity Rules Are Pending at the SEC

July 14, 2023

Critics complain about new layers of complexity and the unintended consequence of information leakage

Cybersecurity
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Article

The Commercial Real Estate Dilemma and Its Impact on Bank Risk Management

July 14, 2023

Banks that are heavily invested in the troubled CRE market now face a variety of complex risks, from the remote work trend to rising inflation to the ...

Counterparty
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Article

Integrated Third-Party Risk Management: Collaborative, Coordinated and Continuous

July 14, 2023

Recent disruptive events underscore the importance of holistic, proactive approaches; vendor assessments and due diligence; and “every employee’s ...

Third Party Risk
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Article

Why Climate Risks Present Unique Challenges for FMIs

July 13, 2023

Due to the role financial market infrastructures (FMIs) play in the global markets, their exposure to climate-related risks is unlike other market ...

Climate Risk Management
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Article

A Midyear (Global) Report Card: Economic Trends, and Ongoing and Emerging Risks

July 7, 2023

Economies across the world have bucked predictions and avoided recessions this year, but significant risks remain. How do U.S. economic developments ...

Metrics
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Article

Held-to-Maturity Accounting Revisited

July 7, 2023

A fair value approach may have sounded earlier alarms of Silicon Valley Bank’s decline, but a change in the reporting standard isn’t imminent

Market
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Article

How to Better Manage Fraud in a Post-Pandemic World

July 7, 2023

In the wake of the COVID-19 crisis, internal fraud is on the rise at banks – but there are strategies they can employ to minimize this risk.

AML & Fraud
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Article

How to Improve Risk Oversight at Banks: A Three-Step Checklist

June 30, 2023

Boards of directors at failed banks knew little about their firms’ risk exposures. What steps can bank risk committees now take, and what information ...

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Article

An Appeals Court Decision Could Alter the Fundamentals of Syndicated Leveraged Loans

June 30, 2023

Lenders’ advocates warn of market chaos if the loans have to be treated as securities

Financial Markets
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Article

In a Highly Connected World, Disease Is Not Isolated from Other Risks

June 30, 2023

Filling the gaps in hygiene research is critical to risk management and business resilience

Enterprise
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Article

ESG Explained: What It Is and Why It Matters

June 30, 2023

ESG is an increasingly hot topic, but why and how has it become so important? This article offers an up-to-date look at these issues, highlighting ...

Green Finance & Sustainable Business | Climate Risk Management
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Article

Risk Management and Radical Uncertainty

June 23, 2023

Extremely rare tail-risk events simply cannot be modeled. But that doesn’t mean traditional models that rely on historical data do not have worth.

Financial Markets
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Article

A Brave (and Risky) New World: The Gig Economy Comes for Hedge Funds

June 23, 2023

The most rapidly growing segment of the hedge fund industry is a gig business model that offers more freedom to managers and investors – and could ...

Innovation
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Article

AI Regulation Is On the Way – But Not So Fast

June 23, 2023

The financial industry faces as much uncertainty and need to prepare as any other. Its regulatory experience may prove to be an asset.

Responsible & Ethical
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Article

After the Reports and Recriminations, What Is Left to Learn About the 2023 Bank Failures?

June 16, 2023

Lawmakers, academics and others have unanswered questions. A Federal Reserve governor, for one, calls for further inquiries.

Regulation & Compliance
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Article

Foundation IRB: An Inferior Option for Credit Risk Modeling?

June 16, 2023

For certain asset classes, Basel III prohibits the use of the advanced IRB approach for credit risk measurement, favoring instead a foundation ...

Modeling
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Article

Facing the Reality of Real-Time Payments: Are Anti-Fraud Protections Up to Speed?

June 16, 2023

FedNow, a milestone for the U.S., launches in July. Artificial intelligence will be on guard.

Innovation
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Article

The Fed’s Report on Silicon Valley Bank: Key Risk Takeaways

June 9, 2023

There was plenty of blame to go around for the demise of SVB, but regulatory findings show that banks require more proactive boards and need to ...

Regulation & Compliance
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Article

Managing the Risk of Large Language Models Like ChatGPT

June 9, 2023

The fast-moving new technology requires risk assessments and policies that impose necessary control without stifling innovation

Risks & Risk Factors
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Article

Risk Management Specialist vs. Generalist: Which Is Right for You?

June 9, 2023

Aspiring FRMs and junior-level risk managers must choose between two career paths. There is no right answer, but there are pros and cons a young risk ...

Career Development
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Article

Understanding How Biodiversity and Climate Change Are Interconnected

June 6, 2023

Biodiversity loss and climate change are often considered as separate challenges. However, they are actually highly interconnected and should be ...

Climate Risk Management | Nature Risk Management
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Article

Risk is Everybody’s Business: Moving Toward Integrated Risk Management

June 2, 2023

Risk modelers, accountants and economists must collaborate closely to collect more timely and accurate data, to improve decision making and to enable ...

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Article

The Three Rs of Regulatory Response to Recent Bank Failures

June 2, 2023

Assumptions about financial stability and customer behavior must be reassessed, and technology infrastructure modernized

Regulation & Compliance
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Article

Securities Lending and Repo Get the Blockchain Treatment

June 2, 2023

Deutsche Börse affiliates are leading adopters, but volumes have yet to take off

Financial Markets
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Article

A Lesson From SVB: Don't Forget Risk Management Fundamentals

June 1, 2023

Recent bank collapses have increased the demand for competent risk management. What have we learned about the value of risk awareness, and what ...

Career Development
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Article

Risk Modeling: What Can We Learn from the Rigor of Academics?

May 26, 2023

Financial risk models have repeatedly been found wanting over the past few years, partly because model developers are limited by regulations. But ...

Modeling
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Article

Risk Management and Public Key Cryptography

May 26, 2023

Risk managers must consider all risks and make decisions based on complex, voluminous, fast-changing data, all while worrying about timeliness and ...

Cybersecurity
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Article

How Unrealized Losses Weigh on Bank Balance Sheets

May 26, 2023

Mortgage-backed securities plus other credit exposure approach total bank equity capital, according to one estimate

Default
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Article

Measuring Corporate Culture: It’s Complicated

May 19, 2023

From surveys and questionnaires – the “workhorses of culture research” – to “the explosion of digital trace data” and faster and cheaper ...

Conduct & Ethics
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Article

Agile Approaches for Credit Risk Modeling: Curse or Blessing?

May 19, 2023

Today, agile model development methodologies are becoming increasingly popular. What are the advantages and pitfalls of these approaches when ...

Modeling
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Article

The Parlous State of ESG

May 19, 2023

Navigating a minefield of ratings, regulations and politicization

Investment Management
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Article

4 Key Areas to Know About Climate Change

May 18, 2023

A brief introduction to climate change and four of its key facets: weather, climate, the greenhouse effect, and global warming.

Physical Risk
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Article

AI’s Inroads in Investment Management

May 12, 2023

Signals are cutting through the noise, but there are limitations still to be overcome

Tools & Techniques
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Article

Banks Short – or Long – on Deposits Can Go to the Markets

May 12, 2023

Innovative private-sector platforms can help navigate rough patches, but they’re not designed to rescue banks on the brink

Financial Markets
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Article

Is There a Need for a Chief Liquidity Officer?

May 12, 2023

The benefits of a new “C” function could outweigh the cost and effort of creating it

Investment Management
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Article

Nature: A New Horizon for Risk Professionals?

May 11, 2023

With a growing focus on nature-related risks, where should financial institutions start? In many firms, there is already existing expertise and ...

Green Finance & Sustainable Business | Nature Risk Management
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Article

The Future of DeFi: What It Means for Risk Managers

May 5, 2023

Junior risk practitioners and aspiring FRMs who are interested in building a career in decentralized finance need a blend of intellectual curiosity ...

Career Development
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Article

Ted Lasso’s Guide to Risk Management: Finding Purpose and Meaning

May 5, 2023

How can CROs tap into the full potential of their risk teams, while simultaneously building comprehensive cultures of risk awareness that help ...

Read Article
Article

First Republic Fallout: A Call for More Effective Bank Board Risk Committees

May 2, 2023

The collapse and eventual sale of First Republic was a stark reminder that greater scrutiny of interest rate, liquidity and credit risks is needed to ...

Enterprise
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Article

Different, but the Same: What Bank Failures Can Teach

April 28, 2023

Although every crisis is different, financial firms can spot the warning signs – and even predict various risks – if they learn from the past

Enterprise
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Article

Stress Testing and Scenario Analysis: The Customization Challenge

April 28, 2023

Recent bank defaults have proved that “one size fits all” regulatory stress tests do not work. Are there practical ways of individualizing prescribed ...

Modeling
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Article

Alternative Data and Credit: The Business Dimension

April 28, 2023

Consumer credit scoring innovations cross over to small-business and startup loans

Data
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Article

Lying with Statistics: How Risk Model Selection Contributed to SVB’s Downfall

April 21, 2023

Just how easy is it to manipulate data in a model to suit the preferences of an individual or of bank management? Flaws in the current model ...

Model Risk
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Article

Bank Failures and the Need for Better Risk Leadership

April 21, 2023

To prevent future fiascoes, financial institutions must improve their culture and their risk training. It all starts at the top, where the CRO must ...

Conduct & Ethics
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Article

Financial Crime and Compliance: Responsibility Is Not Just on Banks

April 21, 2023

Lawyers, accountants and other “gatekeepers” must also be accountable

Regulation & Compliance
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Article

How Extreme Weather Caused by Global Warming Is Driving New Investment Risks

April 19, 2023

Due to improvements in the ability to trace losses from extreme weather events back to emissions, climate-related litigation risks are increasing at ...

Transition Risk | Climate Risk Management
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Article

Silicon Valley Bank: The Postmortems Came Fast and Furious

April 14, 2023

Managerial failings were in plain sight. As with past crises, remedial playbooks and regulatory actions to rein in risks and avert contagion will be ...

Conduct & Ethics
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Article

Credit Risk Measurement: Basel III’s External Ratings Dilemma

April 14, 2023

The rollout of Basel III in both Europe and the U.S. is on the horizon, but flaws remain in its requirements for calculating risk-weighted assets. ...

Default
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Article

Getting Beyond RCSA: Why Operational Risk Needs a New, Improved Process

April 14, 2023

Risk Control Self-Assessments are, by definition, limited. Dynamic data-driven assessments are a better way.

Data
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Article

SVB and Signature Bank: Risk Management Revelations

April 6, 2023

Recent bank collapses can be traced to their narrow-minded approach to stress testing and scenario analysis. What exactly went wrong at these ...

Modeling
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Article

Will the SEC Help Reinvigorate Public Stock Issuance?

April 6, 2023

Countering the rampant growth in private markets, near-term steps may have to be “incremental”

Financial Markets
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Article

Reimagining the Federal Home Loan Bank System

April 6, 2023

How can we reduce systemic risk and create more competition in the U.S. mortgage secondary market? A pair of GSEs currently dominate this space, but ...

Enterprise
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Article

Two Types of Biodiversity Measures to Be Aware of

April 5, 2023

To move beyond identifying the risks associated with biodiversity loss and begin quantifying them, it is essential to understand the different types ...

Physical Risk | Nature Risk Management
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Article

AI ‘Digital Workers’ Take on AML, Risk and Compliance Tasks

March 31, 2023

Even as the technology brings relief to overstressed departments, human “boots on the ground” remain indispensable

Data & AI Model Governance
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Article

Stress-Testing the Supply Chain for Risk Resiliency

March 31, 2023

An investment-like portfolio management approach, enhanced by real-time ecosystem data sharing

Resilience
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Article

A Lesson From SVB: Don’t Forget Risk Management Fundamentals

March 31, 2023

Recent bank collapses have increased the demand for competent risk management. What have we learned about the value of risk awareness, and what ...

Financial Markets
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Article

How D&I Can Drive ROI: A Q&A With Amundi's Allen Xiao

March 31, 2023

Why is it important to have an ethnically and culturally diverse risk management team? A deputy CRO shares his viewpoints on the cultural, risk and ...

Career Trends
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Article

Would DFAST Have Saved SVB?

March 24, 2023

There is a school of thought in the banking industry that Silicon Valley Bank would not have failed had it been subject to comprehensive stress ...

Stress Testing & Scenario Analysis
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Article

The Fall of Silicon Valley Bank: A Systemic Risk View

March 24, 2023

Before it was shuttered, how much of a threat did SVB pose to the financial system? Comparing the bank’s systemic risk profile with banks of similar ...

Financial Markets
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Article

Could SOFR, Under Stress, Hurt Bank Balance Sheets and Lending Capacity?

March 24, 2023

A New York Fed study fleshes out “Main Street” lenders’ critique of the Libor replacement rate

Financial Markets
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Article

What Is Greenhouse Gas Accounting and Why Is it So Important?

March 23, 2023

Global regulatory and market trends are pressuring firms to disclose their impacts on climate change through a process known as greenhouse gas ...

Transition Risk | Green Finance & Sustainable Business
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Article

Due Diligence Is Under Review

March 17, 2023

Litigation and reputational risks arise in the wake of breakdowns in screening processes. Are improved, perhaps more technology-assisted practices on ...

Enterprise
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Article

Risk Management Lessons Learned From SVB

March 17, 2023

Now is the time for risk managers to address the critical questions that matter for the banking industry: Was the failure of SVB preventable, what ...

Financial Markets
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Article

Celebrating Three Years of the Climate Risk Podcast: What Have We Learnt So Far?

March 17, 2023

Today marks the third anniversary of the GARP Climate Risk Podcast. We have learnt a huge amount from talking to a wide range of guests. This article ...

Climate Risk Management | Nature Risk Management
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Article

Silicon Valley Bank: A Failure in Risk Management

March 14, 2023

What drove the collapse of SVB? Insufficient board oversight, incomplete modeling and poor liquidity risk management practices were among the key ...

Financial Markets
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Article

$2 Billion and Counting: The Rise of E-Communications Fines – and How They Can Be Avoided

March 10, 2023

For banks slow to react to the risks, surveillance and control solutions are in reach

Regulation & Compliance
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Article

When to Change IFRS 9 Scenario Weights for ECL: A Simple Rule

March 10, 2023

Financial institutions in Europe now employ a range of scenario-weighting approaches to estimate IFRS 9-compliant expected credit losses, with little ...

Default
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Article

It’s in the Details: Are Spreadsheets Putting Firms at Risk?

March 10, 2023

Mitigating the risks in end-user applications through intelligent automation and digital transformation

Data
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Article

Measuring and Modeling Residential Real Estate Risk in Unprecedented Times

March 3, 2023

Risk modelers in the mortgage industry now face significant obstacles, thanks in part to rising interest rates, high inflation, stagnant growth and a ...

Modeling
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Article

Regulators Draw a Line on an Attempted Use of Term SOFR

March 3, 2023

The auto-loan-backed securities market awaits clarification as the mid-year Libor transition deadline approaches

Financial Markets
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Article

Managing Compliance and Complexity: A GRC Call to Action

March 3, 2023

Seven tips to improve business value along with risk, ESG, business and technology strategy

Enterprise
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Article

Managing Liquidity Risk and Funding Costs During a Crisis

February 24, 2023

Liquidity risk can spin out of control amid an extreme event. But financial institutions can take a three-pronged, multi-scenario approach to assess ...

Metrics
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Article

A Defense of Empirical Risk Management

February 24, 2023

Traditional credit risk models have recently come under heavy fire. But there is still value in learning from history, even while modifications are ...

Model Risk
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Article

Continuing Complications in Supply-Chain and Third-Party Risks

February 24, 2023

Rapid responses and resilience are essential amid economic and geopolitical disruptions and regulatory challenges

Third Party Risk
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Article

Helyette Geman, of Johns Hopkins and Birkbeck, Is Financial Engineer of the Year

February 17, 2023

“Research across disparate topics” and “extensive career of important contributions” earn IAQF/Northfield honor

Innovation
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Article

The Risk Appetite Dilemma: How to Overcome Obstacles and Enhance Risk-Adjusted Return

February 17, 2023

Risk appetite statements can yield many benefits, but only when they adhere to established risk-tolerance levels and make use of proper metrics that ...

Enterprise
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Article

How to Develop Effective Risk Documentation

February 17, 2023

Financial institutions need to account for risks properly as part of enterprise risk management, but what steps can they take to manage documentation?

Enterprise
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Article

Treasury Trading Reforms Move Forward and Get Some Pushback

February 10, 2023

As the SEC seeks to bolster resilience, market participants advise caution on specifics

Financial Markets
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Article

What Do CROs Look for in a Risk Manager?

February 10, 2023

Technical skills are always in demand for job candidates and for risk professionals seeking to climb the corporate ladder, but problem-solving, ...

Career Trends
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Article

When Due Diligence Fails: Cautionary Current Events

February 10, 2023

Hard-won lessons from costly missteps

Enterprise
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Article

Follow the Sun to Manage Investment Risk

February 3, 2023

“Light exchange” Blue Ocean brings 24/7 equities trading closer to reality

Financial Markets
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Article

Climate Risk Stress Testing and the Role of Central Banks

February 3, 2023

Proponents and detractors have already weighed in on the Federal Reserve’s news climate scenario analysis exercise, which is designed to help banks ...

Physical Risk | Transition Risk | Climate Risk Management
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Article

Bypassing Legal Reviews and Procedures: An Overlooked Source of Risk?

February 3, 2023

Like risk managers, legal professionals say they can positively impact business results

Enterprise
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Article

Under the Hood: Evaluating the Basel Committee’s Self-Analysis of Basel III

January 27, 2023

A new BCBS report states that Basel III reforms have yielded stronger, more resilient banks without any negative side effects. But the analysis ...

Regulation & Compliance
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Article

Open Banking Is on the Way in the U.S., Accompanied by Risk Concerns

January 27, 2023

While regulations are still pending, data management, privacy and third-party compliance issues are likely to arise

Data
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Article

How to Model Forward-Looking Credit Risk

January 27, 2023

During uncertain times, the traditional approach for estimating expected credit losses simply doesn’t work. However, while forecasting ECL is a ...

Modeling
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Article

AI in Banking: Past, Present and Future

January 20, 2023

The growth of artificial intelligence in the financial services industry has been somewhat kept in check by regulators, but risk managers still make ...

Risks & Risk Factors
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Article

Model Risk Management Challenges and Opportunities in a Volatile World: A Q&A with Evan Sekeris

January 20, 2023

In uncertain times marked by rare and extreme events, the obstacles facing risk modelers are steep. But aspiring and early-career FRMs with an ...

Model Risk
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Article

Corporate Treasury’s Seat at the Enterprise Risk Management Table

January 20, 2023

Looking past silos to contribute to a holistic view of risk

Enterprise
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Article

The Evolution of Risk Management: 25 Years of the FRM Program

January 17, 2023

How does a recovering lawyer with a background in Wall Street derivatives find himself at the center of a global embrace of risk management? As we ...

Career Development
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Article

Does Fed Policy on Reserve Balances Raise Risk of Market Disruption?

January 13, 2023

Research shows a link between intraday reserve shortfalls and interest rate spikes

Financial Markets
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Article

Reducing Operational Risk with Systems Engineering

January 13, 2023

What are the underlying problems behind the operational failures that have plagued large banks? Should they consider a systems engineering approach ...

Resilience
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Article

How the Cyber Risk Landscape Changed in 2022 – and What’s in Store for 2023

January 13, 2023

Companies recognizing bottom-line impact will spend more on cybersecurity

Cybersecurity
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Article

5 Risk Predictions for 2023

January 6, 2023

In the coming year, we can expect a slowdown in worldwide economies, an increased emphasis on operational resilience, a shift toward simpler and more ...

Metrics
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Article

Growth in Private Markets Attracts Trading Platforms to Serve Them

January 6, 2023

Systems can facilitate price discovery and liquidity, but could too many of them spread the business too thin?

Financial Markets
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Article

The ‘Quantum Cat’ After the Digital Asset Crash

January 6, 2023

Crypto may be paradoxically alive and dead, with unresolved questions and unfulfilled promise

Digital Assets
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Article

Cryptos at the Banking Gate: Too Close for Comfort?

December 16, 2022

FTX’s implosion and related fallout have ratcheted up concerns about systemic risk and contagion

Regulation & Compliance
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Article

Trust Is Being Tested in Uncertain Times

December 16, 2022

The business world needs to better understand and manage it, build reputational resilience “from the inside out”

Enterprise
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Article

FTX Fiasco: Risk Management Lessons Learned

December 16, 2022

The failure of the crypto giant has shined a spotlight on the crucial role of CEOs, who must lead the development of comprehensive, engaging risk ...

Conduct & Ethics
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Article

Climate Scenario Analysis in Financial Firms

December 12, 2022

Read GARP’s scenario analysis deep dive, published as part of the Climate Financial Risk Forum’s (CFRF) 2022 outputs.

Physical Risk | Transition Risk | Climate Risk Management
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Article

Digital Transformation: 5 Things CROs Need to Know

December 9, 2022

To lead their firms’ into the digital era, chief risk officers should place a premium on people, avoid excessive reliance on technology, build ...

Digital Assets
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Article

Pension-Fund Risk: How to Improve Liquidity Management

December 9, 2022

Recent nonfinancial incidents, including geopolitical conflicts, the pandemic and a supply-chain crisis, have destabilized markets and sent risk ...

Investment Management
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Article

Regulators and Innovation: A Reconsideration

December 2, 2022

Financial regulation at its best adapts dynamically to changing market conditions and emerging issues. Technology is posing a crucial test.

Regulation & Compliance
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Article

Catastrophe Risk Protection: Hurricane Ian Dislocates an Already Challenged Market

December 2, 2022

A cyber cat bond is expected soon, but capital constraints may hinder market growth

Default
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Article

To Maximize Artificial Intelligence’s Value, We Have to Let It Do Its Thing. What Could Possibly Go Wrong?

November 23, 2022

Technology subject to real-world laws, contracts and company policies needs elements of human judgment, subject-matter expertise and legal counsel

Responsible & Ethical
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Article

The Stagnation of Stress Testing: Causes … and Potential Solutions

November 18, 2022

An overreliance on scenarios can limit the effectiveness of stress tests. Why is excessive dependence on scenarios problematic, and, with a recession ...

Resilience
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Article

Distributed Ledgers and Digital ID: A Logical Match for KYC?

November 18, 2022

Identity verification and authentication are key to electronic commerce and the further digitalization of financial services and other businesses, ...

Innovation
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Article

Operational Resilience Through Supply Chain and Business Process Mapping

November 11, 2022

A discipline for navigating the complexities of concurrent and cascading crises

Resilience
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Article

Transitioning Veterans: Could a Military Background Jumpstart a Career in Risk Management?

November 11, 2022

When a military member approaches the transition to civilian life, he or she isn't your average career-changer. Whether it's a resume full of job ...

Career Development
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Article

Risk and Compliance Disruptors: Innovative Startups Specialize in Automation and Acceleration

November 4, 2022

Entrepreneur-led Themis reinvents workflows; Debbie helps with debt management; Cable combats financial crime

Regulation & Compliance
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Article

Economic Misery and Bank Financial Performance

October 28, 2022

Current risk models don’t have sufficient data to account for today’s volatile markets. What’s the true impact of factors like unemployment and ...

Default
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Article

Coinbase’s Institutional Flip Side

October 28, 2022

Hurt by exposure to retail crypto trading, the exchange has a growing prime brokerage and alliances with BlackRock’s Aladdin and other platforms

Digital Assets
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Article

Inflation, Dollar, Other Pressures Add Up to Debt Distress

October 21, 2022

Sovereign debt restructurings are urgently needed, the IMF says; a UN agency sees many developing countries edging toward default

Market
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Article

Stress Testing Integration: How to Combine Capital and Liquidity

October 21, 2022

Though the importance of integration is now widely understood by financial institutions, stress testing of capital and liquidity is still typically ...

Metrics
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Article

The Expected Credit Losses Dilemma: Weighting IFRS 9’s “SICR”

October 21, 2022

Under IFRS 9, European banks today face a steep increase in their loan-loss provisions if it is determined at the time of financial reporting that ...

Default
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Article

Buy-Now-Pay-Later and Alternative Data Bring Disruption to Retail Credit

October 14, 2022

Fast-growing fintechs contend with a credit cycle as CFPB eyes a rulemaking on consumer data rights

Counterparty
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Article

Risk Careers: Trends and Key Skills in Demand in a Topsy-Turvy World

October 14, 2022

In a sea of volatility and unpredictability, what does the current job market look like for aspiring FRMs and early-career risk practitioners?

Career Trends
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Article

Asset Managers Who Prepare for Increased Transparency on DEI May See Big Returns

October 14, 2022

Getting out ahead of mandatory standards can bring organizational improvements and boost assets under management

Regulation & Compliance
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Article

As Crypto Winter Lingers, Digital Custodians Fill Senior Posts

October 7, 2022

Strategic moves by trust companies, Nasdaq and others prioritize safety of assets and institutional participation

Digital Assets
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Article

The Risk Matrix Approach: Strengths and Limitations

October 7, 2022

The RMA is an effective and intuitive technique used by risk managers to prioritize threats to their organization in a graphic manner – but it’s not ...

Data
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Article

Beyond Deepfakes: Synthetic Fraud’s Next Alarming Evolution

September 30, 2022

Artificial intelligence powers potentially more pervasive shallowfakes – and holds a key to solutions

Cybersecurity
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Article

Are CECL and IFRS 9 Reasonable and Supportable?

September 23, 2022

Recent events, including the pandemic, have raised questions about whether the forward-looking accounting standards that are now in place for credit ...

Default
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Article

The Ethereum Merge: A Smoother On-Ramp for Institutional Finance?

September 23, 2022

Energy-efficient blockchain may be more hospitable to ESG-minded investors; crypto market risks still loom large

Innovation
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Article

A Call to Arms: Incorporating Extreme Events into Financial Risk Models

September 16, 2022

Recent nonfinancial incidents, including geopolitical conflicts, the pandemic and a supply-chain crisis, have destabilized markets and sent risk ...

Metrics
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Article

Uncleared Margin Rules Reach Final Phase, but the PRA Has Questions

September 16, 2022

U.K. regulator seeks assurances about the adequacy of initial margin calculations; ISDA defends its standard model

Financial Markets
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Article

SEC Penalizes a Chief Compliance Officer, Putting Spotlight on Personal Liability

September 16, 2022

CCOs and other executives await regulatory clarity on potential financial exposure

Regulation & Compliance
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Article

Model Validation: Dissecting the Boundaries of a Rules-Based World

September 9, 2022

The European Banking Authority is seeking feedback from regional supervisors and banks about a handbook it has created for validation of IRB models ...

Modeling
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Article

Fintech Innovation: What Does It Mean for FRMs?

September 9, 2022

Regulatory efforts are being outpaced by the progress being made by financial technology companies. How will the growth of fintechs impact the ...

Innovation
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Article

The 'Rebranded' Mission for Legal Entity Identifiers

September 9, 2022

LEI governing body sets digital-commerce goals beyond original focus on financial markets

Data
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Article

Risk Management and the Rise of the Green Taxonomy

September 8, 2022

Policy makers across multiple jurisdictions have been developing taxonomies, which aim to define what is “green”. But how do they fit in risk ...

Green Finance & Sustainable Business | Climate Risk Management
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Article

The Rise of Low Code: A Productivity Breakthrough with Caution Flags

September 2, 2022

As major banks and others empower “citizen developers,” operational risks and “shadow IT” need vigilance

Innovation
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Article

Decoding Country Perils: The Nature and Causes of the Risk of Nations

September 2, 2022

What are the best indicators of short- and long-term country risk, and what steps can firms take to identify, assess and manage this multi-layered ...

Metrics
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Article

Will the ‘Systemically Important’ Club Become Less Exclusive?

August 19, 2022

A proposal to bolster cybersecurity would extend the designation into critical-infrastructure sectors outside of financial services, but banking ...

Cybersecurity
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Article

Financial Infrastructure at a Systemic Crossroads

August 19, 2022

Disruption is the enemy, business continuity is the mission, and operational resilience and uptime are strategic imperatives for risk professionals ...

Resilience
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Crashing with Crypto: Coinbase as Case Study

August 12, 2022

Risk and reputational flaws are cautionary lesson for fintechs and other innovators

Enterprise
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Article

Economic Capital: The Power of Diversification

August 12, 2022

As we speed toward the January 2023 deadline for Basel III implementation, the calculation of economic capital has become more important than ever. ...

Modeling
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Article

Machine Learning and Risk Management: A Q&A with Professor John Hull

August 5, 2022

Risks & Risk Factors
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Article

Scenario Analysis: Assessing the Quality of the Journey

July 29, 2022

Model Risk
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Article

Embedded Applications: New Revenue and New Risks for Banks

July 22, 2022

Innovation
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Article

U.S. Seeks Expert Insights on Artificial Intelligence

July 15, 2022

Risks & Risk Factors
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Model Risk Management Lessons Learned: Tracing Issues from the Pandemic to the Great Recession

July 8, 2022

Model Risk
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Article

How to Use ERM, ML and Scenario Analysis to Advance Your Risk Career

July 1, 2022

Enterprise
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Article

Getting Schooled on Risk: Graduate Programs Cultivate Talent for the Times

June 24, 2022

Enterprise
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Article

Using Benchmarking to Assess the Plausibility of Climate Scenario Analysis

June 21, 2022

How can you judge the reasonableness of modelled scenario analysis outputs if the scenario is one that you’ve never experienced? This is a dilemma ...

Physical Risk | Transition Risk | Climate Risk Management
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SEC Rule Has Fund Firms Grappling with a VaR Mandate

June 17, 2022

Investment Management
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How to Improve Cyber Resilience: A Q&A with the OCC’s Patrick Kelly

June 10, 2022

Cybersecurity
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Article

Consumer Outlook: Continued Growth, or Putting on the Brakes?

June 10, 2022

Financial Markets
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Article

U.S. Law and Global Challenges Reshape AML Compliance

June 3, 2022

Regulation & Compliance
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Article

FASB Update Facilitates Hedging of Fixed-Income Risk

May 27, 2022

New guidance is well timed for rising interest rates

Regulation & Compliance
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Article

How to Manage Balance-Sheet Risk in Volatile Times

May 27, 2022

Given the looming prospect of a recession, it’s critical for financial institutions to strengthen their balance sheets. To meet this objective, firms ...

Metrics
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Article

CRO Takes a Plea in Archegos Case

May 20, 2022

AML & Fraud
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Stress Testing Uncertainty: What Does It Mean for FRMs?

May 20, 2022

Banks, of course, need to ensure that they have enough capital to cover their risks – but, thanks to the pandemic and the resultant ...

Stress Testing & Scenario Analysis
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Model Validation for Credit Risk: A Critical Deficiency in the Jeffreys Test

May 13, 2022

Modeling
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Article

Anchorage Digital Bank Found Deficient in Anti-Money Laundering Compliance

May 13, 2022

Regulation & Compliance
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Article

The Pandemic Will Improve Risk Modeling – If We Let It

May 6, 2022

Modeling
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Engineering a Diverse Workplace: Edward Jones’ CRO Is Determined to ‘Be the Difference’

May 6, 2022

Enterprise
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Article

Understanding the Physical Risks Associated with Climate Change

April 27, 2022

Climate-related financial risks are the financial risks linked to climate change. These are typically split into two broad categories: physical and ...

Physical Risk | Climate Risk Management
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Article

The 4 Main Drivers of Transition Risk, and Why the Risks Are Increasing

April 12, 2022

Climate-related financial risks are the financial risks linked to climate change. These are typically split into two broad categories: physical and ...

Transition Risk | Climate Risk Management
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Article

Carbon Quotient: Managing the Financial Risks of Net Zero

April 5, 2022

The effects of climate change and the transition to a low carbon economy present emerging financial risks. These physical and transition risks ...

Transition Risk | Climate Risk Management
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Article

Climate Financial Regulation: What is on the Horizon?

March 29, 2022

Supervisors in the EU, the UK and across the world have intensified their regulation of the financial risks resulting from climate change, forcing ...

Transition Risk
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Article

5 Digital Risk Management Tools Every FRM Should Know About

March 24, 2022

Discover five of the most important risk management tools for financial risk managers to understand and utilize.

Career Development
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Common Risk Management Interview Questions and Tips for Success

March 10, 2022

Anticipating risk management interview questions can help you land the job. Here are some common questions to consider.

Career Development
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Article

What Does a Risk Manager Do?

February 18, 2022

Risk manager's help prepare for uncertainties, minimize threats and mitigate losses. To find out what risk managers do in their day-to-day work read ...

Career Development
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Article

5 Trending Risk Management Jobs that Are Hiring Now

December 7, 2021

Which types of roles are hiring, and what does the current career landscape look like? Here are five trending jobs that are hiring now.

Career Trends
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Article

Making Sense of COP26: a Short Guide to Reaching Net Zero

November 1, 2021

As COP26 kicks off in Glasgow, reaching net zero is set to be top of the global agenda. Get acquainted with the why, when and how of reaching net ...

Transition Risk
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Article

Climate Scenario Analysis Practices in Financial Firms

October 25, 2021

Read GARP’s scenario analysis deep dive, published as part of the Climate Financial Risk Forum’s (CFRF) 2021 outputs.

Climate Risk Management
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Article

September 2021 Webcast Q&A: Climate Risk Modeling – Practical Insights and Guidance

October 21, 2021

Oliver Marchand, Global Head of ESG Research and Models at MSCI, answers your questions about the uses and limitations of climate risk modeling at ...

Climate Risk Management
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Article

Nature Loss and Financial Risk: Global Insights From the WWF

August 6, 2021

Learn about nature loss, its interconnections with climate change, and how it is creating significant risks for business and finance.

Physical Risk | Transition Risk | Nature Risk Management
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Article

Preparing for a Career in Fintech: A Q&A with Professor Michael Imerman

July 14, 2021

If you're interested in financial risk management, you're aware that the financial services landscape has been significantly altered by the emergence ...

Career Development
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Article

Why Individuals Are a Crucial Part of Solutions to the Climate Crisis

June 11, 2021

The transition to net zero places demands on all stakeholders, but what exactly is our role as individuals?

Green Finance & Sustainable Business
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Article

Gaining Perspective on Climate: Financial Firms Should Understand Their Focus When Assessing Risk

May 24, 2021

Looking at the impact of the climate on your firm or the impact of your firm on the climate?

Green Finance & Sustainable Business | Climate Risk Management
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Article

The ABCs of ESG

May 10, 2021

ESG is an increasingly hot topic, but why and how has it become so important? And how does climate risk fit in?

Green Finance & Sustainable Business
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Article

Sustainable Bonds: Understanding This Growth Area

April 12, 2021

There are four main categories of sustainable bonds: green, social, sustainability, and sustainability linked. What are they? How do they relate to ...

Green Finance & Sustainable Business
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Article

A Short History of Climate Regulations and the Outlook on What Is To Come

March 31, 2021

2021 is a significant year for climate change

Transition Risk
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Article

Biden’s First 100 Days: What Can We Expect on Climate?

March 17, 2021

The Biden administration has made climate change a key policy priority with a host of high profile announcements. Coupled with regulatory changes, it ...

Transition Risk
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Article

Climate Risk Management Begins to Drive Investment Decisions

February 8, 2021

Investing in resilience is imperative to addressing climate change, and may result in lower financing costs

Transition Risk | Green Finance & Sustainable Business
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Article

Managing Climate Risk in the U.S. Financial System

October 20, 2020

A new report links climate change with financial risk and calls for carbon pricing, incentives, and regulation

Climate Risk Management
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Article

The Impact of Climate Risks on Practices at Financial Institutions and GARP’s Climate Risk Survey 2020

October 19, 2020

Though firms may realize they need to fortify themselves to respond to future climate risks, many lack the roadmap to get there.

Climate Risk Management
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Article

Asian Regulators Tackle Environmental Risks

September 14, 2020

New regulatory guidelines will have a profound effect on financial institutions' decision-making

Climate Risk Management
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Article

Hotter, sooner: A landmark effort refines — and raises — the warming outlook

September 9, 2020

Improved climate model narrows prediction uncertainty and raises the odds of serious climate impacts from global warming

Physical Risk | Climate Risk Management
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Article

Renewables Forge Ahead in Asia-Pacific Region

September 3, 2020

Favorable economics amid rising energy demand give wind and solar an edge

Transition Risk
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Article

Is There a Link Between Climate Change and Global Pandemics?

August 18, 2020

Is there a connection between climate change and pandemics? The answer could help us battle both.

Climate Risk Management | Nature Risk Management
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Article

Plastics and the Planet: Who Will Bear the Costs?

July 17, 2020

As one of the supposedly great 20th century innovations threatens the environment and public health in the 21st, accountability issues and litigation ...

Green Finance & Sustainable Business | Nature Risk Management
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Article

Climate Scenario Analysis: Stress Testing the Future

July 2, 2020

The systemic risks of climate change are becoming more apparent to regulators. As a result, they are increasingly looking to stress testing and ...

Climate Risk Management
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Article

A Decade of Growth Expected in Off-Grid Energy

April 17, 2020

Favorable solar and storage economics address emerging-market demands with institutional support

Transition Risk | Green Finance & Sustainable Business
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Article

It’s Time to Start Managing the Complexities of Climate Financial Risk

February 28, 2020

Financial institutions are under intense regulatory and investor pressure to account for the risks of climate change. What steps can they take to ...

Climate Risk Management
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Article

Europe’s Sustainable-Finance Action Plan Gets U.S. Exposure

November 27, 2019

EU official cites investment, risk and disclosure objectives in SIFMA annual meeting presentation; ECB’s Lagarde calls for “more digital and greener” ...

Green Finance & Sustainable Business
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Article

How Will Climate Change Impact Banks?

November 15, 2019

Climate change is likely to both disrupt the financial services industry and yield opportunities for it. To develop effective climate risk stress ...

Read Article
Article

Climate Risk Reality: A Wake-Up Call for Risk Managers

November 1, 2019

The shift to a low-carbon economy has been set in motion, and banks are now facing clear physical and transition risks. What do these risks entail, ...

Enterprise
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Article

Banks Rally Behind UN Sustainability Campaign

October 1, 2019

"Principles for Responsible Banking" has 130 signatories from 49 countries; "shareholders, clients and employees increasingly want this," a CEO says

Enterprise
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Article

Can the Financial Industry Make Us Climate-Resilient?

September 27, 2019

Investing now is "imperative from the perspective of risk management," say the authors of a Global Commission on Adaptation report on climate-change ...

Enterprise
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Article

Global Warming Tops a Ranking of Extreme Risks

September 24, 2019

Non-financial threats loom larger, relative to economic or banking worries, according to the Thinking Ahead Institute

Enterprise
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Article

ESG: Risks, Opportunities and Benefits

July 26, 2019

Extreme weather events, data fraud and other risks related to environmental, social and governance issues are among the largest threats now facing ...

Green Finance & Sustainable Business
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Article

The Evolution of Climate Risk Management in Financial Services

June 28, 2019

Though climate risk management is still in its early stages, financial institutions are making progress in areas like governance and strategy. While ...

Enterprise
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