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

Apr 21, 2023 | Choice is the root of all evil in statistics. We require bankers to use a single model, which ...

ARTICLE


Stress-Testing the Supply Chain for Risk Resiliency

Mar 31, 2023 | Disruptions to supply chains have become all too common in recent years, with far-reaching ...

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A Defense of Empirical Risk Management

Feb 24, 2023 | Is risk modeling broken? Many so-called experts are now beating that drum after flaws in ...

ARTICLE


Continuing Complications in Supply-Chain and Third-Party Risks

Feb 24, 2023 | In 2022, it became clear that effective supply chain risk management (SCRM) is not a luxury but a ...

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What Do CROs Look for in a Risk Manager?

Feb 10, 2023 | You’re ready to interview for an exciting risk management position. You’ve researched the company’s ...

Trending Articles


The Unconventional Skills Chief Risk Officers are Now Seeking

In a world of civil unrest, geopolitical upheaval and coronavirus-driven economic shocks, risk managers with problem-solving capabilities are now in...

Friday, July 17, 2020

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

Risk models have been strongly criticized for projecting high credit losses that never materialized during the pandemic, but these methodologies...

Friday, July 8, 2022

Strategic Risk: How to Select Critical Future Scenarios

Risk modeling needs a new approach. That’s one thing that model developers, model users and senior management can all agree upon – but what, exactly,...

Friday, August 19, 2022

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

Just how easy is it to choose data in a model to suit the preferences of bank management? Flaws in the current model selection and model validation...

Friday, April 21, 2023

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

Feb 3, 2023 | Corporate legal departments have frustrations that risk management and other control functions can ...

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

Jan 20, 2023 | Contending with an unprecedented combination of shocks, financial risk modelers have lately had to ...

ARTICLE


Reducing Operational Risk with Systems Engineering

Jan 13, 2023 | Costly, impactful operational risk events – ranging from fraud, money laundering and record-keeping ...

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The Stagnation of Stress Testing: Causes … and Potential Solutions

Nov 18, 2022 | Next year, with a potential recession on the horizon, bank stress testing will be as vital as ever. ...



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