Risk Insights Resource Center

Significant Risk Transfer Deals May Be Subsiding, but Supervisory Attention Is Not

May 9, 2025

The Basel Committee undertakes a “deep dive” while the IMF and ECB consider systemic implications.

Rapid Stress Tests: A Solution for Quantifying the Impact of Volatile Tariffs

May 9, 2025

Comprehensive scenario analysis, fueled by fast, top-down stress tests, can enable firms to project the effects of trade wars quantitatively – not ...

Regtech and Corporate Digital Identity: Embracing Digital Transformation in the Financial Industry

May 9, 2025

How effective compliance automation can contribute to competitive advantage.

How to Make an Impact: Secrets to Climate Startup Success

May 8, 2025

Hear from Alyssa Gilbert, Director of Innovation at the Grantham Institute of Climate Change and the Environment, as we dive into the climate startup ...

Global Survey of Nature Risk Management at Financial Firms

May 6, 2025

Nature underpins both our economies and livelihoods. Indeed, the entirety of our economy depends in some way on nature, for example through its ...

Delhi Virtual Chapter: Leveraging Technology to Manage, Measure, and Mitigate Climate Risk in ESG Risk Management Frameworks

May 2, 2025

In the current dynamic business environment, effectively managing climate risk alongside Environmental, Social, and Governance (ESG) risks has become ...

Dancing with Uncertainty: A Risk Manager’s Guide to Dealing with Market Volatility

May 2, 2025

A combination of constantly shifting tariffs, interest rates and monetary policy has created a perfect storm of risk. What fundamental changes do ...

Tariff Technology Risk

May 2, 2025

New, frequently changing rules for tariffs have created volatile markets with widespread consequences. Could a breakdown in tariff-collection ...

As Artificial Intelligence Gains Steam, the Power Grid Heats Up

May 2, 2025

Data centers are booming, fueling concerns about capacity constraints, construction and energy costs, operational risks and resilience.

AgenticAI: The Next Frontier in Intelligent Decision-Making

May 1, 2025

Hear from Zeynep Tunc at SAS, who is leading risk management activities across Northern Europe, to learn about AgenticAI, a groundbreaking approach ...

Nature Risk vs. Climate Risk: Is Your Firm Prepared?

April 29, 2025

Join us as we dive into the differences between nature and climate risk management, how regulators worldwide are addressing nature risks, and how ...

Reframing Operational Resilience in a World of Overlapping Risks: 3 Insights

April 25, 2025

Financial institutions can no longer rely on linear operational risk plans, because cyberattacks, supply-chain disruptions, regulatory fragmentation, ...

Is a Major Hedge Accounting Update on the Way?

April 25, 2025

It has been more like “whack-a-mole” since 2017. Some say a holistic review will better clarify how interest-rate and foreign-exchange hedges are ...

Is Social Media the Next Compliance Headache for Financial Services?

April 25, 2025

The regulatory and operational challenges of off-channel communications extend to LinkedIn, Instagram and X.

En-ROADS: A Powerful Tool for Climate Risk Capacity-Building and Scenario Analysis Development

April 24, 2025

EN-Roads is an open-source climate simulator used by risk professionals around the world for education, capacity-building, and climate risk ...

The New Frontier: Managing the Risks of AI Advancement

April 23, 2025

Chicago: Participate in an insightful discussion about the implications of using Artificial Intelligence (AI) in the financial services sector and ...

Interest Rate Risk Management’s Higher-Tech Moment

April 17, 2025

Artificial intelligence techniques and advanced analytics can address weaknesses exposed in 2022 and 2023.

ERM: The Importance of Building a Risk Taxonomy

April 17, 2025

Chief risk officers seeking to develop an enterprise risk management program must standardize the language of risk. What are the elements of a proper ...

Five Areas to Watch in Private Credit

April 17, 2025

An agile and opportunistic sector can continue to capitalize where banks are constrained.

Nine Limits, Six Breached: The Planetary Boundaries Crisis Explained

April 17, 2025

Hear from Dr. Levke Caeser of the Potsdam Institute for Climate Impact Research, as we dive into the planetary boundaries framework and the risks of ...

IFRS 9 and Probability of Default: A Web of Confusion

April 11, 2025

The proper calculation of probability of default is crucial for European banks that need to comply with IRFS 9, the forward-looking financial ...

Trump’s Executive Orders: An Actuarial View of Risks, Opportunities, and the Role of Risk Professionals in Navigating Change

April 11, 2025

With quantitative expertise that extends beyond traditional economic forecasting, actuaries offer risk-adjusted decision-making frameworks that ...

Urban Resilience and Infrastructure Development: An Indian Case Study

April 10, 2025

With the physical impacts of climate change affecting cities, how can they develop their infrastructure to both simultaneously reduce their emissions ...

Inside the Mind of a Buy-Side CRO

April 8, 2025

Hear from Peter Mortensen, the chief risk officer of Russell Investments, about inflation volatility, tariffs, liquidity risk, AI threats and ...

Jargon Buster Update – Standards & Frameworks

April 4, 2025

Visit our updated Sustainability and Climate Risk Glossary.

Economic Sanctions for Risk Managers: A Cautionary Tale

April 4, 2025

The dynamic nature of sanctions, and their associated financial, reputational and operational risks, requires a proactive, sophisticated approach to ...

While Financial Market Infrastructures Are Positioning Themselves for Digital Assets, Chainlink Is Connecting the Connectors

April 4, 2025

The blockchain company’s standard for onchain finance “creates highly reliable agreements and transactions that are fundamentally better than what ...

The Paradox of Technology Risk: A Q&A With Omid Mostavi

April 4, 2025

The value of tried-and-true risk knowledge has never been higher, even with technology risk upending the financial landscape.

The Dangers of AI: Don’t Forget the Human Factor

March 28, 2025

Is AI manipulation by people a larger threat, to both the financial services industry and society at large, than the technology itself becoming ...

Striving for Stability Amid a Perfect Storm: How to Align Risk, Lending and Investing

March 28, 2025

Considering the current market turmoil, it is essential to maintain a consistent outlook across all major KPIs, including capital adequacy, liquidity ...

Volatility Control Indexes Prove Capable of Stabilizing Investment Performance

March 28, 2025

Acceptance is on the rise along with innovations in the data.

Flawed Models, Fragile Systems: The Risks in Energy & Food Policy

March 27, 2025

Hear from Prof. Aled Jones, Director of the Global Sustainability Institute at Anglia Ruskin University, as we dive into the role of models in ...

Enterprise Risk Management: How to Build a Comprehensive Framework

March 21, 2025

Chief risk officers need to implement enterprise risk management processes that cover the entirety of a firm’s business activities. Risk objects, ...

Risk Management and the Fifth Industrial Revolution

March 21, 2025

As the relationship between humans and AI evolves, “the way we think about the management and optimization of risk will be transformed.”

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

March 21, 2025

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

How to Assess a Company’s Transition Progress: Tools and Insights from the TPI

March 20, 2025

In this webcast, explore how the Transition Pathways Initiative (TPI) and its academic partner, the TPI Centre, have helped investors navigate their ...

What’s Your Risk Tolerance? Why Companies Fail to Build Resilience.

March 14, 2025

There is a tendency to overestimate organizational preparedness. Be realistic, flexible, and “tackle the right things first,” a third-party risk ...

Commercial Real Estate Gloom Is Dissipating – in Some Places

March 14, 2025

Office vacancies continue to be a drag on the market; trophy properties are exceptions.

The Place for Generative AI in Risk Management

March 14, 2025

What are the pros and cons of the next wave of AI? Though technology like ChatGPT is flawed and must always be validated, it is proving its worth in ...

TCFD by the Numbers: What Climate Disclosures for $6.5T of Private Capital Tell Us About Sustainable Finance in 2025

March 13, 2025

As climate-related reporting moves from compliance exercise to useful risk management tool, what trends can we glean by observing the disclosures of ...

A Strong Security Technology Emerges Out of Crypto

March 7, 2025

Multiparty computation, commonly embedded in digital-asset custody, can support secure data sharing and collaboration across multiple industries and ...

Wildfire Risk Implications for Property and Insurance Markets

March 7, 2025

Calls for changes in risk-based insurance pricing, regulation and risk modeling have grown louder in the aftermath of California’s devastating ...

How to Implement Early Problem Recognition in Credit Portfolios

March 7, 2025

Identifying and acting on advance warning signs can be the difference between manageable risk and catastrophic loss. Proper culture and governance, ...

Beyond Climate: A Risk Professionals’ Guide to the Biodiversity COPs

March 6, 2025

Hear from Eva Zabey, CEO of Business for Nature, as we dive into the complex landscape of environmental diplomacy, and the role of business in ...

Technology Risk Lessons from the Rise of DeepSeek

February 28, 2025

The rapid ascension of a relatively obscure Chinese AI provider should cause financial institutions and their risk managers to rethink the way they ...

How to Make Stress Tests More Constructive and Informative

February 28, 2025

The emphasis in the Fed’s 2025 CCAR exercise is on transparency, which demands a benchmarking approach free of potential bias. Exploring a broader ...

Currencies, Trade and Other Tensions: India’s Balancing Act

February 28, 2025

A growth driver within the BRICS bloc “will pursue whatever benefits its national interest.”

How to Integrate Climate into Credit Risk

February 27, 2025

In this webcast, we are joined by two senior credit risk managers as we take a deep dive into how credit risk methodologies are being adapted to ...

2025 FRM Global Practice Analysis Report

February 24, 2025

Quantitative skills and abilities are a starting point for financial risk managers, but practitioners need more than knowledge of models and methods.

The New Reference Rate Use Committee: Monitoring More Than Problem-Solving

February 21, 2025

The heavy lifting of the now-closed Alternative Reference Rates Committee gives way to ongoing observation of market functioning.

It’s CRO Performance Evaluation Time

February 21, 2025

Chief risk officers need to understand how CEOs assess their impact and value, as well as how they can properly express their worth.

Harnessing AI to Rebuild Public Trust

February 21, 2025

The technology’s potential to revolutionize governance remains largely untapped.

How Weather Derivatives Hedge Against Nature’s Unpredictability

February 20, 2025

Discover how businesses are using weather derivatives to mitigate risks associated with adverse weather conditions.

‘Father of the Fear Index’ Wins Financial Engineering Honor

February 14, 2025

VIX developer and Vanderbilt professor Robert Whaley is the International Association for Quantitative Finance’s latest Financial Engineer of the ...

Advice From a Risk Recruiter: A Q&A With Josh Lawson

February 14, 2025

How can entry- and junior-level risk managers find the right career fit in a time of ample professional opportunity for the risk industry?

A Risk Outlook for 2025: The Places to Pay Attention

February 14, 2025

Break down silos to get a holistic perspective on interconnected and emerging risks, an integrated-risk-solutions executive advises. AI, geopolitics ...

The CSRD Effect: How Regulation is Elevating Nature Risk

February 13, 2025

Hear from Sebastian Leape, CEO of Natcap, as we explore how regulation such as the Corporate Sustainability Reporting Directive (CSRD) is pushing ...

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 ...

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.

Forecasting 2025: Risk Trends and Predictions

February 7, 2025

Hear from Moody’s Analytics’ Cris deRitis about cybersecurity, AI, deglobalization, regulatory risk, global debt problems, geopolitical volatility, ...

Forecasting 2025: Risk Trends and Predictions

February 7, 2025

Hear from Moody’s Analytics’ Cris deRitis about cybersecurity, AI, deglobalization, regulatory risk, global debt problems, geopolitical volatility, ...

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?

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 ...

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, ...

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.

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.

Pacioli in the Computer Age

January 29, 2025

Luca Pacioli, a friend and contemporary of Leonardo da Vinci, is generally considered to be the father of modern accounting. In this paper, Willi ...

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 ...

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.

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 ...

What We Learned About Climate and Nature Risk in 2024

January 23, 2025

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

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.

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.

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.

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?

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 ...

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 ...

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 ...

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.

Privacy Can Be the Compass for Banks’ AI Governance Efforts

December 20, 2024

Prior experience offers guideposts for navigating uncharted regulatory waters.

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 ...

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 ...

Modelling Economic Complexity: Insights for Risk Professionals

December 19, 2024

Hear from Prof. J. Doyne Farmer, Professor of Complex Systems Science at the University of Oxford, as we explore new modelling approaches designed to ...

Modernizing Risk Management in Today’s Competitive Landscape

December 18, 2024

Join Martim Rocha, Global Head of Risk Banking Solutions at SAS, and Luis Jesus, Senior Manager at SAS, as they discuss how financial institutions ...

Operational Resilience: Current Challenges and the Road Ahead

December 13, 2024

Hear from Pedro Morales, the Director and Global Head of AML/Sanctions Compliance at Google, about AI, cyber threats, fraud, third-party risk, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Predicting Our Climate Future: What We Do, Don’t and Can’t Know

November 28, 2024

Hear from Prof. David Stainforth of LSE’s Grantham Research Institute, as we explore the limitations of climate modelling and the implications for ...

2025 Trends in Banking: The AI Maturity Pivot

November 27, 2024

Join industry experts Theodora Lau, founder of Unconventional Ventures and co-author of The Metaverse Economy and Beyond Good, and Julie Muckleroy, ...

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.

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, ...

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 ...

Spot Bitcoin ETPs Dominate Even as Ether Offers Alternatives

November 22, 2024

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

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?

Nature Risk Management: Looking to the Future

November 18, 2024

While still in its infancy, nature-related financial risk management is likely to become increasingly important, with financial firms expected to ...

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.

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

November 15, 2024

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

Lost in Space: Risk at the Next Frontier

November 15, 2024

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

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 ...

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 ...

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 ...

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.

How to Fix Climate Change & Biodiversity Loss at the Same Time

November 7, 2024

Hear from Prof. Pete Smith of the University of Aberdeen, as we explore the overlap in the challenges from, and solutions to, climate change and ...

Managing the Risks of GenAI Models

November 6, 2024

Join us for an insightful discussion with Agus Sudjianto and Arpit Narain on the effective and safe application of Generative AI Models (GenAI). This ...

Risk Career Trends and Future Insights

November 5, 2024

What skills are hiring managers looking for? Which departments have been adding staff? What competencies are most important for progression? In ...

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 ...

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 ...

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 ...

Climate & Nature Risk: An Interactive Scenario Game

October 25, 2024

For 90-minutes act on the board of a global food manufacturing company and time travel through to 2030 as you make real-time strategic decisions for ...

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.

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.

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 ...

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 ...

Revolutionizing Risk Decisioning with AI and Gen AI

October 22, 2024

Sponsored by SAS The transformation of Risk Decisioning is driven by the evolution across People, Process, and Technology, impacting Operational ...

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.

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.

Carbon Pricing: Harnessing the Power of Markets to Drive Climate Action

October 17, 2024

Hear from Gordon Bennett, Managing Director at ICE, as we dive into theory and practice of carbon pricing and its important role in driving the ...

Generative AI: Trends, Benefits and Risks

October 17, 2024

Hear from Bo Xu, a Principal at Boston Consulting Group (BCG) and a member of GARP’s Risk and AI Advisory Committee, about GenAI use cases and ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

From Latency to AI- and Algo-Driven Capital Markets

September 27, 2024

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

Rethinking Natural Catastrophe Modeling: New Approaches for a Changing Climate

September 26, 2024

Hear from three leading experts in natural catastrophe modeling, as we explore how climate change is causing the insurance industry to rethink their ...

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 ...

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.

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 ...

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 ...

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.

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 ...

Comparing Climate-Related Disclosure Requirements

September 11, 2024

How do the ISSB Standards build on TCFD?

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 ...

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 ...

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 ...

Uninsurable: The Future of Insurance in a Changing Climate

September 5, 2024

Hear from two leading experts, as we explore how insurance is adapting to climate change and the role of the industry beyond underwriting. Insurance ...

Real-time Customer Decisions in the Age of AI

August 30, 2024

Hear from Terisa Roberts, Global Head of Risk Modeling and Decisioning at SAS and Sarah Murphy, Principal Director of Accenture Data and AI, as we ...

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 ...

Whistleblowing, and How It Pays

August 30, 2024

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

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 ...

Tackling Nature Risk: Insights from Financial Supervisors and Practitioners

August 28, 2024

In this webcast, co-hosted by the European Banking Institute, hear from leading experts at the intersection of nature and finance, as we dive into ...

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 ...

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 ...

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.

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.

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 ...

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 ...

Stress Testing: Past, Present and Future

August 15, 2024

Hear from Cristian deRitis, deputy chief economist at Moody’s analytics, about the evolution of stress testing, current trends, and the biggest ...

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 ...

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 ...

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.

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.

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 ...

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.

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 ...

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.

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 ...

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 ...

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 ...

AI on the Buy Side: Risks, Challenges and Opportunities

July 25, 2024

Nirav Shah, a founding partner at Versor Investments, speaks with GARP editorial director Robert Sales about the pros and cons of artificial ...

Urban Resilience: How Our Cities Must Adapt to Climate Change

July 25, 2024

Hear from Emma Howard Boyd CBE, Chair of the London Climate Resilience Review, as we dive into the challenges of climate adaptation and what it means ...

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 ...

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 ...

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, ...

Climate Risk Certificate: Register Now

July 16, 2024

In this special episode, hear from Tony Rooke, Executive Director at Howden Group Holdings and Beth Gould Creller, GARP’s Sustainability & ...

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.

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.

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 ...

An Introduction to Managing the Financial Risks from Nature Loss

July 9, 2024

Risk managers should understand how nature loss impacts their business. In this webcast, we outline why nature is a critical new risk area, and how ...

Why NDCs Aren’t Working and How to Fix Them

July 4, 2024

Hear from Lord Adair Turner, Chair of the Energy Transitions Commission, as we explore the shortcomings of nationally determined contributions and ...

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 ...

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 ...

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 ...

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.

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.

Risk-Management Considerations Amid Continuing Supply-Chain Pressures

June 21, 2024

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

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 ...

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.

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?

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 ...

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.”

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 ...

Why Nature Belongs in Corporate Thinking

June 13, 2024

Hear from Robin Millington, CEO of Planet Tracker, as we discuss how and why businesses should be thinking about their dependencies and impacts on ...

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 ...

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 ...

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 ...

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?

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 ...

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.”

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 ...

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 ...

Harness the Power of AI With GARP’s New Risk and AI (RAI™) Certificate

May 28, 2024

As organizations integrate AI into their operations and business strategies, it’s critical for business leaders, risk managers, and young ...

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. ...

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, ...

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 ...

Accelerating the Transition: Reflections of a Shareholder Activist

May 23, 2024

Hear from Catherine Howarth OBE, CEO of ShareAction, as we dive into the world of shareholder activism and how it can be used to guide institutional ...

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 ...

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 ...

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 ...

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 ...

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.

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 ...

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 ...

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 ...

Strengthening Asset-Liability Management: Lessons from Bank Failures

May 7, 2024

Sponsored by SAS The importance of effective Asset Liability Management (ALM) was highlighted in the wake of the Silicon Valley Bank (SVB) collapse. ...

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 ...

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 ...

A New Look at the Supplementary Leverage Ratio

May 3, 2024

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

AI, ESG and 1.5 Degrees: UNEP FI Reports at the Frontier of Climate Risk

May 2, 2024

Hear from David Carlin, Head of Risk at the UNEP Finance Initiative, as we dive into their latest reports covering the climate risk tool landscape, ...

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.

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. ...

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.

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, ...

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 ...

Global Survey of Nature Risk Management at Financial Firms

April 16, 2024

2024: A Discipline in Its Infancy

Results of GARP’s 2024 Global Survey of Nature Risk Management at Financial Firm

April 15, 2024

Explore the results of our inaugural Global Survey of Nature Risk Management at Financial Firms. Nature loss has a profound impact on the economy and ...

Geopolitical Risk: Trends, Challenges and Prognostications

April 14, 2024

Hear from Daniel Wagner, CEO of Country Risk Solutions, about the complexities of the global geopolitical risk landscape. In these volatile and ...

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.

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 ...

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.

The Psychology of Climate Change: How to Build Consensus through Communication

April 11, 2024

Hear from George Marshall, Author of “Don’t Even Think About It: Why Our Brains Are Wired To Ignore Climate Change,” as we dive into the psychology ...

The Intersection of Compliance and Resilience

April 9, 2024

Sponsored by Fusion Risk Management Operational resilience is top of mind at both global regulators and financial services firms. Whether you are a ...

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. ...

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 ...

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 ...

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 ...

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 ...

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”.

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 ...

COVID-19: A Catalyst for Evolving MRM

March 28, 2024

The COVID-19 pandemic reshaped the landscape of the financial services industry, prompting a reevaluation of traditional model risk management ...

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 ...

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.

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 ...

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.

Five Times Faster: Ways to Accelerate the Transition to Net-Zero

March 21, 2024

Hear from Simon Sharpe, Director of Economics at the UNFCCC Climate Champions, as we explore three key problems that are impeding the transition to ...

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 ...

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 ...

Risk Management and Generative AI: A Matter of Urgency

March 15, 2024

Identifying safeguards as risks come into view.

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.

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.

Cyber Risks Spark Optimism in Cat Bond Market

March 8, 2024

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

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 ...

Introducing GARP's Climate Risk Monthly Newsletter

March 7, 2024

GARP's LinkedIn-based newsletter brings you our latest climate risk and sustainability content and highlighting noteworthy stories from around the ...

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 ...

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 ...

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 ...

The Inevitable Policy Response Forecast: Optimistic or Realistic?

February 29, 2024

Hear from Dr. Jakob Thomae, Project Director for the Inevitable Policy Response, as we discuss their latest forecast and what it means for the ...

Navigating Nature: Understanding the TNFD’s Recommendations

February 26, 2024

In this webcast, hear directly from the Taskforce on Nature-related Financial Disclosures’ Technical Director as we take a closer look at their ...

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 ...

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 ...

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.

Risk Resilience: 2024 Trends and Perspectives

February 16, 2024

In this podcast, Julie Muckleroy, Global Banking Strategist from SAS, and Abraham Izquierdo, Managing Director of Trading and Treasury Risks at Grupo ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

EU Deforestation Directive: Overcoming Challenges in Supply Chain Transparency

February 8, 2024

Hear from Thomas Vaassen, Co-Founder and CEO of Meridia, to learn how the EU Deforestation Directive is changing the nature of data required across ...

Forecasting 2024: Risk Trends and Predictions

February 5, 2024

Hear from Moody’s Analytics’ Cris deRitis about geopolitical risk, cybersecurity, political unease, supply-chain threats, and other key issues that ...

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.

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 ...

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 ...

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 ...

Solving the Climate Data Problem: An Intro to the Net-Zero Data Public Utility

January 26, 2024

In this webcast, we take a deep-dive into the Net-Zero Data Public Utility (NZDPU) - the first global, centralized, open repository for private ...

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 ...

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 ...

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 ...

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 ...

The State of Financial Risk Management in China: 5 Insights

January 25, 2024

What major trends are shaping China’s risk jobs market? A new study provides valuable insights about salaries, promotions, career development, and ...

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 ...

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, ...

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 ...

What We Learned About Climate Risk in 2023

January 18, 2024

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

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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.

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

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. ...

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 ...

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 ...

Unveiling the Hidden Threat of Payment Fraud

December 15, 2023

Operational challenges and reputational damage can compound the financial costs.

The Power and Pitfalls of Models in Climate Risk Management

December 14, 2023

Hear from Dr. Erica Thompson, as we examine the modelling ecosystem and when we need to escape it to make real-world decisions. Climate science – ...

Make Your Move with the FRM

December 12, 2023

The ability to make timely, informed, risk-based decisions is fundamental to the success of companies in every industry. Are you curious about how ...

See the Forest and the Trees with the SCR

December 12, 2023

Companies across every industry sector are seeking professionals with sustainability and climate risk knowledge and skills to join their team. Are ...

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 ...

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 ...

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.

Unlocking SME Lending in Banking’s Digital Age

December 7, 2023

Sponsored by SAS Are you curious about the evolving landscape of small and medium-sized enterprise (SME) lending? SME lending has historically ...

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?

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 ...

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 ...

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.

Bridging the Gap between Climate Science and Risk Management

November 30, 2023

Hear from David Schimel and Pooja Khosla of Entelligent, as we explore the intersection of climate science and risk management. For over 30 years, ...

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.

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.

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.

Artificial Intelligence and the Revolution in Financial Crimes Compliance

November 22, 2023

Federated machine learning can enable companies to detect financial crime at a lower cost without sharing their data. Gary M. Shiffman, Shelly ...

Real Estate Risk in Volatile Times

November 21, 2023

Hear veteran risk manager, advisor and professor Clifford Rossi’s viewpoints on trends, threats and opportunities in the commercial and residential ...

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.

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 ...

5 Ways to Improve Model Risk Management

November 17, 2023

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

Jargon Buster Update – Greenhouse Gas Accounting

November 16, 2023

Visit our updated Sustainability and Climate Risk Glossary.

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 ...

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 ...

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.

TNFD and Beyond: An Introduction to Nature in Finance

November 9, 2023

Hear from Simon Zadek, Executive Director at NatureFinance and Senior Advisor to the TNFD, as we explore the growing intersection of nature and ...

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 ...

Has ESG Gone Off the Rails?

November 3, 2023

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

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 ...

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.

AI, ML, Blockchain, Crypto and CBDCs: Risks and Opportunities of Disruptive Tech

October 30, 2023

Hear from Wall Street veteran and author Aaron Brown about the impact of fast-evolving technology on risk management. Financial institutions are now ...

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

October 27, 2023

Cost-benefit questions persist despite potential for significant risk reduction

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 ...

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 ...

Back to Basics: An Introduction to Climate Risk Management

October 26, 2023

In this special webcast, the GARP Risk Institute returns to the foundational knowledge areas of climate risk, offering a comprehensive introduction ...

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?

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 ...

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 ...

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

The COP28 Survival Guide: How it Works and What to Expect

October 19, 2023

Hear from Nigel Topping, Former UN Climate Change High-Level Champion for COP26, as we set the scene for COP28 in Dubai. The COP, or Conference of ...

Risk Snapshot: Emerging Risks in Global Real Estate

October 13, 2023

Recent market sentiment, risk indicators, and macroeconomic factors suggest there may be growing risk in global real estate assets. In our latest ...

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 ...

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.

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 ...

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 ...

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 ...

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.

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

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 ...

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

Dealing with Uncertainty in Scenario Analysis: Stochastic vs. Deterministic Appr

September 28, 2023

Hear from Ron Dembo, Founder and CEO of riskthinking.ai, as we apply stochastic thinking to the challenge of climate scenario analysis. One of the ...

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 ...

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, ...

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

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?

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 ...

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 ...

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

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 ...

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

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 ...

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.

License to Drill: What New Oil & Gas Extraction Means for the Energy Transition

September 7, 2023

Hear from Jane Stevensen of JS Global Advisory, as we examine the overall progress of the global energy transition. We always knew that the ...

Risk-Based Decisioning in an Age of Uncertainty Part 2

September 6, 2023

In this podcast Zeynep Salman, Senior Business Solutions Manager at SAS, will explore the top trends and market practices for financial institutions ...

Navigating Collections Optimization in the Digital Age

September 6, 2023

Sponsored by SAS Can organizations monitor the credit profiles of their borrowers dynamically while acting in an automated yet personalized way? Many ...

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 ...

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 ...

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

The Global Water Crisis: A Guide for Risk Professionals

August 25, 2023

We are in the midst of a global water crisis. Half the world’s population could be living in areas facing water scarcity by 2025, and experts predict ...

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 ...

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 ...

Large Language Models, Security and Privacy

August 25, 2023

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

Risk-Based Decisioning in an Age of Uncertainty Part 1

August 23, 2023

Is it possible for financial institutions to offer on-demand, superior customer experiences while making risk decisions in near real-time in an ...

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

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 ...

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 ...

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 ...

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

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

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.

Hiding in Plain Sight: How Fundamental Risks Caused a Banking Crisis

August 9, 2023

What were the driving forces behind the recent U.S. bank failures? SSGA’s Daniela Litvin, Bruce Casper, David Tavares, Suzanne Smore, Ben Des Clayes, ...

Risk Snapshot: The Growing Risks of Non-Bank Financial Intermediaries

August 7, 2023

The IMF’s 2023 Global Financial Stability Report noted that the nonbank financial intermediary (NBFI) sector has climbed to nearly 50 percent of ...

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. ...

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 ...

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 ...

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 ...

A Guide to PRA’s Model Risk Management Principles

August 1, 2023

UK-incorporated banks, building societies and investment firms that use internal models for capital calculations now face pressure to adhere to model ...

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 ...

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 ...

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 ...

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

Climate Risk Taxonomies 101: A User Guide

July 27, 2023

Hear from Bob Buhr of the Imperial College Business School, as we explore ways of organizing the risks from climate change. A risk taxonomy is a key ...

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 ...

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

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

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 ...

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

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 ...

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 ...

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 ...

The Suitability of Models in Today's Environment of Emerging Risks

July 13, 2023

Model failures in recent times have called into question the effectiveness of the methodologies currently used by many banks, particularly for credit ...

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 ...

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

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.

Why Extreme Climate Physical Risks Are Closer Than You Might Think

July 6, 2023

Hear from Rohan Hamden, Co-Founder and CEO of XDI, as we examine how climate-related impacts are exceeding our models and why the need for adaptation ...

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 ...

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

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

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 ...

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.

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 ...

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.

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.

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 ...

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.

The Future of the Carbon Markets Explained for Risk Professionals

June 15, 2023

Hear from Mike Azlen, Founder and CEO of Carbon Cap Management, as we explore the ever-changing carbon markets and the future of emissions trading. ...

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 ...

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

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 ...

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 ...

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 ...

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

Securities Lending and Repo Get the Blockchain Treatment

June 2, 2023

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

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 ...

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 ...

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 ...

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

From Startup to Sustainability: Innovating For The Climate Emergency

May 25, 2023

Hear from Nicky Dee, Co-Founder of Carbon13, as we take a closer look at the climate startup ecosystem and how it’s changing the way we decarbonize. ...

Carbon Pricing: Has It Worked and What Comes Next?

May 22, 2023

Carbon pricing has long been recognized as a textbook economic policy response to address the externality of pollution. There are now carbon pricing ...

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 ...

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 ...

The Parlous State of ESG

May 19, 2023

Navigating a minefield of ratings, regulations and politicization

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.

Crisis Risk and Risk Management

May 17, 2023

Firms that use data to account for interactions between risks can more accurately forecast crises – but some types remain unpredictable. René M. ...

Risk Management’s Latest Trial by Crisis

May 12, 2023

Hear veteran risk manager, advisor and professor Clifford Rossi’s perspective on recent turmoil in the banking system, on where risk management fell ...

AI’s Inroads in Investment Management

May 12, 2023

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

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

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

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 ...

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 ...

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 ...

Powerful Risk Management: Insurance Foundations for High-Integrity Carbon Market

May 4, 2023

Hear from Natalia Dorfman, CEO & Co-Founder of Kita, as we explore the potential role of insurance in boosting the integrity of the voluntary ...

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 ...

What Bank Board Risk Committees Should Be Asking Management Teams

May 2, 2023

Greater scrutiny of interest rate, liquidity and credit risks is needed to stem the tide of bank failures. Cliff Rossi explains why risk committees ...

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

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 ...

Alternative Data and Credit: The Business Dimension

April 28, 2023

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

Climate Risk Leadership: Lessons From 4 Annual Surveys

April 27, 2023

While climate risk management at all financial institutions has significantly progressed in recent years, differences remain between leading firms ...

Net-Zero Transition Plans: A Guide for Risk Professionals

April 26, 2023

Hear from Tony Rooke, Executive Director at the Glasgow Financial Alliance for Net-Zero, as we delve into the importance of net-zero transition plans ...

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 ...

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 ...

Financial Crime and Compliance: Responsibility Is Not Just on Banks

April 21, 2023

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

Behind the Balance Sheet Part 2: Integrated Balance Sheet Management in the Curr

April 20, 2023

Welcome back for the conclusion of this special two-part podcast series featuring Dr. Donald van Deventer, Managing Director--Risk Research and ...

Behind the Balance Sheet Part 1: Integrated Balance Sheet Management in the Curr

April 20, 2023

Hear from Dr. Donald van Deventer, Managing Director--Risk Research and Quantitative Solutions at SAS, and Professor Robert Jarrow of Cornell ...

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 ...

SVB and Signature Bank: The Roles of Risk Modeling, Culture and Stress Testing

April 14, 2023

Hear from risk modeling expert Tony Hughes about the parts various risk management techniques played in recent bank failures, as well as the current ...

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 ...

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. ...

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.

Soil: An Invisible Crisis and Massive Climate Opportunity

April 13, 2023

Hear from Professor Jo Handelsman on the threats and opportunities that arise from soil – a vitally important resource that many of us take for ...

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 ...

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”

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 ...

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 ...

Getting Finance to Net-Zero: Guidance by Practitioners, for Practitioners

March 31, 2023

Hear from members of the CFRF’s Transition to Net-Zero (TNZ) and Disclosure, Data and Metrics (DDM) Working Groups, as we review useful tools and ...

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

Stress-Testing the Supply Chain for Risk Resiliency

March 31, 2023

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

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 ...

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 ...

Embedding Climate Within Risk Management: A Practitioner’s Guide

March 28, 2023

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

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 ...

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 ...

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

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 ...

Reimagining the Federal Home Loan Bank System

March 22, 2023

How can we reduce systemic risk and create more competition in the U.S. mortgage secondary market? Clifford Rossi explains how these objectives can ...

The Fall of Silicon Valley Bank: A Systemic Risk View

March 20, 2023

How much of a systemic threat did SVB pose to the financial system before it was shuttered? GBI’s Chris Donohue, Bryan Feierstein and Eli Crane ...

How AI/ML is Changing Financial Risk Management

March 17, 2023

Recent news stories about platforms like ChatGPT and Bard have raised public awareness of artificial intelligence (AI) and machine learning (ML). ...

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 ...

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 ...

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 ...

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 ...

$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

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 ...

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

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 ...

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

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

Balancing Mitigation and Adaptation: Insights for the Financial Sector

March 2, 2023

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

Biodiversity Loss: An Introduction for Risk Professionals

March 2, 2023

In recent years, biodiversity loss has gained increasing focus as an urgent and systemic environmental risk for its impact on global food security, ...

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 ...

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 ...

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

Scenario Analysis: Guidance for Risk Professionals

February 23, 2023

Hear from members of the UK’s Climate Financial Risk Forum Scenario Analysis Working Group, as we review useful tools and resources that risk ...

Forecasting 2023: Predictions for Financial and Non-Financial Risks

February 17, 2023

Hear risk management prognostications from Cris deRitis, the deputy chief economist at Moody’s Analytics. Risk managers have been severely tested ...

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

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 ...

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?

Balance Sheet Risk Management Amid Volatile Market Conditions- Expert Roundtable

February 16, 2023

The SVB failure has reinforced the importance of establishing sound risk management processes across an organization. This webcast will feature an ...

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

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, ...

When Due Diligence Fails: Cautionary Current Events

February 10, 2023

Hard-won lessons from costly missteps

How Film and Television Are Adapting to Climate Change

February 9, 2023

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

2023 Market Trends: How Will They Impact ALM Efforts?

February 9, 2023

Hear from Dr. Donald van Deventer, Managing Director--Risk Research and Quantitative Solutions @ SAS, as we discuss the impact of current market ...

Risk Management: DeFi Lending and Borrowing

February 9, 2023

Decentralized finance promises a new and efficient way of enabling access to financial services, but it does not come without sizeable risks. Kashish ...

Follow the Sun to Manage Investment Risk

February 3, 2023

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

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 ...

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

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 ...

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

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 ...

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 ...

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 ...

Corporate Treasury’s Seat at the Enterprise Risk Management Table

January 20, 2023

Looking past silos to contribute to a holistic view of risk

What We Learned About Climate Risk in 2022

January 19, 2023

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

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 ...

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

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 ...

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

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 ...

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?

The ‘Quantum Cat’ After the Digital Asset Crash

January 6, 2023

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

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

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”

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 ...

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.

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 ...

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 ...

CFRF Underwriting Guides: Litigation and Physical Risk

December 8, 2022

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

Future-Proofing Liquidity Risk: The Stagflation Dilemma

December 7, 2022

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

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.

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

Christmas Climate Book Club Special

December 1, 2022

What climate books do you want for Christmas? Listen in to find out where to start on picking out those stocking fillers. In this special episode, Jo ...

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

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 ...

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, ...

Operational Resilience Through Supply Chain and Business Process Mapping

November 11, 2022

A discipline for navigating the complexities of concurrent and cascading crises

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 ...

The “Net” of “Net-Zero”: Making Voluntary Carbon Markets Work

November 10, 2022

Hear from William McDonnell, COO of the Integrity Council for the Voluntary Carbon Market, as we discuss the role of carbon credits in the transition ...

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

Tail Risk: How to Incorporate Extreme Events into Financial Risk Modeling

October 28, 2022

Hear from Prof. Clifford Rossi as we examine some of today’s biggest financial risk modeling challenges. Risk modelers have recently been befuddled ...

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 ...

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

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

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 ...

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 ...

Investing in the Era of Climate Change

October 20, 2022

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

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

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?

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

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

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 ...

Beyond Deepfakes: Synthetic Fraud’s Next Alarming Evolution

September 30, 2022

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

Data, AI, and Innovation: Insights from the Frontiers of Climate Science

September 29, 2022

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

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 ...

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

Glossary and Jargon Buster: Sustainability & Climate Risk

September 19, 2022

Simple definitions for the most frequently referenced terms, phrases, and acronyms.

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 ...

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

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

Fourth Annual Global Survey of Climate Risk Management at Financial Firms

September 13, 2022

Steady Progress Amid Increasing Regulatory Scrutiny, 2022

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 ...

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 ...

The 'Rebranded' Mission for Legal Entity Identifiers

September 9, 2022

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

How Politics Shapes Climate Policy: Insights for Risk Professionals

September 8, 2022

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

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 ...

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

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 ...

Adjusting Probability of Default for Carbon Pricing

August 19, 2022

Banks and other financial institutions are facing increasing pressure from regulators to manage financial risk related to climate change. The most ...

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 ...

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 ...

Understanding the Risks of Multiple Credit Scores in Mortgage Lending

August 17, 2022

Competition among credit score providers is heating up, with increased focus by regulators on expanding equitable access to credit for consumers with ...

Crashing with Crypto: Coinbase as Case Study

August 12, 2022

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

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. ...

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

August 5, 2022

Calculating the Regulatory Surcharge for US G-SIBs

August 4, 2022

To ensure that they are fully prepared for future crises, global systemically important banks (G-SIBs) must hold extra levels of regulatory capital. ...

Scenario Analysis: Assessing the Quality of the Journey

July 29, 2022

30,000 Years in 30 Minutes: Climate Risk from an Archaeologist’s Perspective

July 27, 2022

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

Embedded Applications: New Revenue and New Risks for Banks

July 22, 2022

U.S. Seeks Expert Insights on Artificial Intelligence

July 15, 2022

Steering the Ship: Creating Board-Level Climate Dashboards for Banks

July 12, 2022

As climate change risks increase worldwide, company boards will be critical in ensuring their firms remain resilient and on a path to carbon ...

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

July 8, 2022

The Green Bond Market Explained (And Why Investors Do Need to Worry About Climat

July 6, 2022

Hear from Sean Kidney, CEO of the Climate Bonds Initiative, as we explore the many ways finance is going green, from the phenomenal growth of the ...

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

July 1, 2022

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

June 24, 2022

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 ...

SEC Rule Has Fund Firms Grappling with a VaR Mandate

June 17, 2022

EU Taxonomy for Sustainable Finance: Everything You Wanted to Know, But Were Too

June 15, 2022

Hear from Eila Kreivi, Chief Sustainable Finance Advisor at the European Investment Bank, as we take a closer look at the EU Taxonomy, including what ...

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

June 10, 2022

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

June 10, 2022

U.S. Law and Global Challenges Reshape AML Compliance

June 3, 2022

FASB Update Facilitates Hedging of Fixed-Income Risk

May 27, 2022

New guidance is well timed for rising interest rates

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 ...

30 Years of Catastrophe Modelling: Lessons for Risk Professionals

May 26, 2022

Hear from Fathom’s Matthew Jones and Andrew Smith as we discuss the challenges and opportunities created by climate change for modellers of physical ...

CRO Takes a Plea in Archegos Case

May 20, 2022

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 ...

Model Validation for Credit Risk: A Critical Deficiency in the Jeffreys Test

May 13, 2022

Anchorage Digital Bank Found Deficient in Anti-Money Laundering Compliance

May 13, 2022

The Pandemic Will Improve Risk Modeling – If We Let It

May 6, 2022

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

May 6, 2022

The Oceans & Climate Explained (and Why it Matters to Finance)

May 5, 2022

Hear from Julie Pullen, a leading expert in ocean-atmosphere interactions, on how our oceans are being affected by climate change, what we stand to ...

Robust Estimation of Loss Models in the Insurance Industry

May 5, 2022

Comprehensive loss models are important for all financial services firms, but particularly for insurers. Chudamani Poudyal and Vytaras Brazauskas ...

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 ...

The Time Varying Bayesian Beta

April 21, 2022

Vasicek’s Bayesian approach for estimating security beta has been widely accepted in the financial services industry, but is it too static? Giuseppe ...

Supply Chains: Why Sustainability is the Best Form of Risk Management

April 14, 2022

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

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 ...

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 ...

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 ...

Culture and Capability: An Asset Owner’s Guide to Net Zero

March 24, 2022

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

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.

2022 Best Practices of Climate Risk Management Leaders

March 22, 2022

In this paper, GARP Risk Institute highlights the best practices implemented by climate risk management leaders and outlines the steps others can ...

Rethinking Business Models from the Perspective of ESG

March 17, 2022

Forward-looking financial institutions are adapting their methodologies to account for environmental, social and governance issues. Enrico Guarnerio ...

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.

The Art of Running Model Validation in a Bank

March 10, 2022

Financial institutions are under increasing regulatory pressure to implement robust model validation. Subrahmanyam Oruganti and Surabhi Kashyap ...

Achieving Net-Zero: Reframing Climate Change as a Supply Side Issue

March 3, 2022

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

Bayesian Backtesting for Counterparty Risk Models

March 3, 2022

Financial institutions need a conceptually sound and easy-to-implement approach for analyzing model performance. Matthias Arnsdorf and Mante Zelvyte ...

Explainable Machine Learning Models of Consumer Credit Risk

February 24, 2022

In the financial services community, ML models are currently being used for everything from credit underwriting to forecasting to fraud detection and ...

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 ...

Political Risk Management

February 17, 2022

The COVID-19 pandemic and social unrest have shined a corporate spotlight on political risk. Omari Scott Simmons explains how businesses can use ...

Sustainability and Space: Lessons from Low Earth Orbit

February 10, 2022

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

Assessing ESG Risks for Businesses in the COVID-19 Era

February 3, 2022

Business operations, supply chains and economies around the globe have been disrupted by the pandemic. Paul Hirose and T. Markus Funk discuss the ...

Illiquidity Risks in Lending Protocols

January 27, 2022

Where do lending protocols fit in the decentralized finance landscape, and do they suffer from insufficient liquidity? Xiaotong Sun investigates the ...

What We Learned About Climate Risk in 2021

January 20, 2022

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

Do Artificial Neural Networks Provide Improved Volatility Forecasts?

January 20, 2022

Stock market volatility forecasting is an important component of measuring and managing investment risks. Mehmet Sahiner, David G. McMillan and Dimos ...

IFRS 9 and Probability of Default

January 14, 2022

Loss allowances for expected credit losses differ significantly across European banks. The University of Innsbruck’s Matthias Bank and Bernhard Eder ...

The Next Frontier: Addressing Climate Risk’s Biggest Analytical Challenges With

December 13, 2021

In the financial services industry, risks related to climate change are now considered major, resulting in all firms assessing how to incorporate ...

Adapting to Tail Risks: Surviving the Cascading Risks from Climate Change

December 9, 2021

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

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.

Confessions of an Economist: How imperfect policymaking will shape transition ri

November 18, 2021

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

Addressing Bias and Fairness in AI Systems

November 1, 2021

In this episode, we will continue with part three of a four-part series looking at Responsible AI (Listen to part one: Alternative Data in Risk ...

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 ...

Climate Risk Regulatory Expectations and Stress Testing

November 1, 2021

Inspired by the survey results from GARP’s recent Climate Risk Symposium, we investigated regulatory expectations and approaches for stress testing ...

The Rising Tide of Climate Litigation

October 28, 2021

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

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.

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 ...

Credit Risks of Peer-to-Peer Lending: The Stock Market Effect

October 20, 2021

How does the performance of a stock exchange impact credit quality, loan defaults and delinquencies in the P2P space? Xin Liu, Xiaoran Ni, Zhigang ...

Navigating the Alphabet Soup of Climate Reporting Standards

October 7, 2021

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

Explainable/Interpretable AI

October 4, 2021

In this episode, we will continue with part two of a four-part series looking at Responsible AI (Listen to part one: Alternative Data in Risk ...

B Corps: How to put sustainability at the heart of a business

September 16, 2021

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

Why Do Bank Boards Have Risk Committees?

September 16, 2021

Banks reap many benefits from well-functioning risk committees, but reduced risk is not necessarily one of them. René M. Stulz, James G. Tompkins, ...

Third Annual Global Survey of Climate Risk Management at Financial Firms

September 15, 2021

GARP Risk Institute recently completed its third annual Global Survey of Climate Risk Management at Financial Firms. The results detailed in this ...

Pricing Extreme Mortality Risk in Volatile Times

September 9, 2021

COVID-19 has increased the challenge of properly pricing extreme mortality risk. Han Li, Haibo Liu, Qihe Tang, Zhongyi Yuan analyze the latest U.S. ...

Forecasting Tail Risk Measures for Financial Time Series

September 2, 2021

Can a financial institution improve its VaR and expected shortfall projections via a risk model that incorporates economic and financial covariates? ...

Alternative Data in Risk Modeling

August 30, 2021

In this episode, we begin a four part series looking at Responsible AI by looking at Alternative Data in risk Modeling. Over the course of the coming ...

Regulatory and Physical Risks Top List of Climate-Change Concerns

August 26, 2021

Finance academics, public-sector regulators and policy economists think regulatory risk is the largest short-term hazard of climate change, while ...

Modeling and Forecasting the CBOE Volatility Index

August 19, 2021

Predictions of future price variability are needed to measure the risk of a portfolio and to value financial instruments. Giuseppe Corvasce examines ...

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.

Credit Default Swaps and Credit Risk Reallocation

August 6, 2021

How can investors’ exposure to credit risk be reallocated through credit default swaps? Using granular data on both debt and CDS exposures by French ...

Climate Disclosures: What can we learn from TCFD adoption in the banking sector?

July 29, 2021

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

The DeFi Paradox: Risks and Opportunities

July 29, 2021

By reducing the costs and risks of using centralized intermediaries, decentralized finance promises cheaper and more open access to financial ...

Managing Pension Risk

July 26, 2021

Many companies are considering their de-risking options and strategies for pension risk transfer (PRT). PRT is steadily increasing in the U.S. but ...

Disasters, Large Drawdowns and Long-term Asset Management

July 22, 2021

Long-term investors are often reluctant to invest in assets or strategies that can suffer from big drawdowns. The University of Lausanne’s Eric ...

The Black Swan Problem

July 15, 2021

How financial institutions cope with tail risk is an under-researched issue. Nick Christie, Nicoletta Marinelli and Håkan Jankensgård explain Black ...

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 ...

Why Net Zero Doesn’t Always Mean Net Zero

July 8, 2021

Hear from Prof. Sir Dieter Helm as we take a closer look at the realities of reaching net zero. In this installment of the Climate Risk Podcast we ...

Predicting VIX with Adaptive Machine Learning

July 8, 2021

Can the power of machine learning be harnessed to forecast the daily CBOE implied volatility index? Yunfei Bai and Charlie X. Cai answer this ...

Quantile Risk-Return Tradeoff

June 24, 2021

The quantile regressions technique is effective for measuring the performance of stocks, particularly when dissecting the tails of returns. Nektarios ...

Agriculture and Climate Change Win-Wins: How to reduce emissions whilst building

June 17, 2021

Hear from Maggie Monast, Director of Working Lands at Environmental Defense Fund (EDF), as we take a closer look at the intersection of climate risk, ...

Liquidity Stress Testing in Asset Management

June 17, 2021

How can financial institutions model asset liquidity risk? Thierry Roncalli, Amina Cherief, Fatma Karray-Meziou and Margaux Regnault explain the main ...

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?

The Potential Impact of ESG on Tail Risk

June 10, 2021

Environmental, social and governance (ESG) trading activity has become a staple of financial markets, but whether ESG scores convey information ...

Risk Management for Emerging Markets: How to Avoid Another Derivatives Crisis