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ARTICLE

The Art of Buying and Selling Risk Analytics

Oct 11, 2024 | Gathering data and modeling is – by a considerable margin – the best way to optimize portfolio ...

ARTICLE

The Limitations of Models and the Need for Simpler Scenarios

Jun 14, 2024 | The range of potential threats faced by banks today is limitless, and scenarios are therefore ...

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 ...

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. ...

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5 Ways to Improve Model Risk Management

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

Friday, November 17, 2023

How to Better Manage Operational Risk in Uncertain, Volatile Times

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...

Friday, August 9, 2024

Preparing for Disruptions: Lessons Learned from the CrowdStrike Outage

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

Friday, August 23, 2024

Anti-Money Laundering Rules Go in ‘Risk-Based’ Direction

The U.S. Financial Crimes Enforcement Network calls for effective, “reasonably designed” compliance programs. They may not allay concerns about costs.

Friday, March 21, 2025

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 ...

ARTICLE

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 ...

ARTICLE

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 ...

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