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Operational

ARTICLE

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 ...

Risk Weighted

ARTICLE

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

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. ...

ARTICLE

Humility and Risk Modeling

Aug 26, 2022 | Having seen my share of risk models in the financial services industry, there are two conventional ...

ARTICLE

Scenario Analysis: Assessing the Quality of the Journey

Jul 29, 2022 | Whenever I question the statistical properties of scenario-based projections, people invariably ...

Trending Articles

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

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...

Friday, June 9, 2023

5 Ways to Improve Model Risk Management

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

Friday, November 17, 2023

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

Operational Risk Capital Proposal: Time to Hit the Pause Button

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

Friday, November 17, 2023

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How Will Pandemic-Era Data Be Modeled?

Jul 30, 2021 | Over the next 12 months, as COVID slowly wanes as an economic disruptor, a lot of industry credit ...

Risk Weighted

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The Futility of Stress Testing for Unprecedented Scenarios

Jun 25, 2021 | Consider a new pandemic scenario. In 2023, a pathogen will be discovered that, relative to ...

ARTICLE

A Modeling Reboot: If Not Now, When?

Apr 23, 2021 | As the world awakens, one of the vexed questions we face as model risk managers is when to ...

ARTICLE

Model Risk and the COVID-19 Reality

Sep 25, 2020 | Looking in the rearview mirror, it's usually easy to see whether previously accepted risks were ...

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