Risk Insights Resource Center

Payment Fraud Is Evolving. Control Architectures Must Evolve With It.

September 11, 2026

Legacy controls struggle to cope with growing fraud volumes. AI tools can significantly bolster risk management models without introducing new risks ...

While Boards Are Catching Up to AI, the Technology Doesn’t Stop Accelerating

September 11, 2026

The governance race is both sprint and marathon.

Family Ownership Is a Risk Variable. It Is Also a Source of Resilience.

September 4, 2026

In a world of compounding geopolitical and macro shocks, family ownership is the variable risk managers most often flag last – and should probably ...

Counterintuitive IFRS 9 Results: When Pessimism Leads to Lower Losses

August 21, 2026

In IFRS 9 the expected credit loss is often based upon pessimistic, base, and optimistic scenarios. That higher losses are derived from the ...

Earlier Signals, Faster Action: Rethinking Where Fraud Defense Begins

August 14, 2026

Break down silos and bring teams together to gain visibility and accomplish what none can do on their own.

When Disaster Risk Becomes a Cost of Living

July 31, 2026

The hidden insurance gap threatening households and financial stability.

Detection Isn’t Enough: The Case for Supplier Engagement in Risk Management

July 24, 2026

Supply chains don't fail because companies weren't watching. They fail because watching became a substitute for acting.

A Scoring System for AI Governance and Accountability

July 17, 2026

With a nod to IQ testing and credit ratings, and influenced by Ocean Tomo’s approach in intellectual property, AIQA Global introduces a quantitative ...

The Modernization Reckoning: Future-Proofing Legacy Infrastructure for the AI Era

July 10, 2026

A payments industry veteran’s assessment of the challenges posed by transformation initiatives, and how to establish a vision for future-proof ...

Built In, Not Bolted On: AI Risk Management Belongs in the Architecture

July 2, 2026

Regulators are evaluating artificial intelligence based on its domain, not its model architecture. This is how the financial industry has typically ...

Anthropic's Mythos: Frontier AI Shakes Up Cybersecurity and Regulation

July 2, 2026

A select group of corporations gets early access to powerful agentic software, and the U.S. administration alters its anti-intervention posture.

The Domestic Sovereign as the Risk: Rewriting the ERM Playbook for Predatory Regimes

June 26, 2026

With corporate stability in decline, firms must regrettably adopt classical foreign relations doctrines of autarky, treating contract enforcement and ...

Governing the Machine: How the RAI Prepares Professionals for an AI-Driven World

June 23, 2026

AI is no longer on the horizon. It’s already embedded in credit decisions, compliance workflows, trading systems, and beyond. But with that power ...

Geopolitical Risk Stress Testing: Lessons and Trends

June 18, 2026

Timely insights on global conflicts and uncertainties are now a competitive and regulatory necessity.

Beyond the Perimeter: The Data Fiduciary

June 12, 2026

For years, financial institutions have managed third-party data as a contractual transaction. Recent federal litigation and stricter regulatory ...

The Geopolitical Root Cause: When Macro Shocks Become Idiosyncratic Realities

June 5, 2026

We spent 30 years architecting the “optimized” enterprise on the assumption of perpetual commercial peace, only to find that in a fragmenting world, ...

Faster Visibility versus Firmer Forecasts: A Commodity Risk Management Perspective

June 5, 2026

Amid uncertainties stemming from successive market shocks, the strategic questions are familiar. New challenges arise in how long it takes to answer ...

The Treasury Clearing Mandate Comes with Costs

May 29, 2026

On the positive side of the ledger: Market resilience, risk reduction, innovation, competition and operational efficiencies.

KYB Compliance: Can AI Separate Risk Signal from Noise?

May 29, 2026

Manual processes can’t keep up with business onboarding and due-diligence demands. Enhanced, AI-driven productivity can also boost competitiveness.

Markets Are Underestimating Risk in a Fast, Fragile World

May 22, 2026

A call for clearer thinking, fewer shortcuts, and less reliance on averages that cannot be relied on to provide a complete picture.

Perpetual KYC: A Risk and Due-Diligence Breakthrough, but It Takes Some Work

May 22, 2026

Failure to implement can cause firms to fall behind operationally and competitively, observers warn.

The New Dimensions of Nation-State Cyber Warfare

May 15, 2026

As cyber operations integrate more closely with combat campaigns, “no part of the opponent’s economy is truly out of reach.”

Penalties for Noncompliance: Don’t Misread the Dip

May 8, 2026

The billions that the financial industry pays for anti-money laundering and other infractions declined last year in North America, but the trend may ...

Cyber Incident Reporting Rules: It’s Still a Journey

April 24, 2026

The national cybersecurity agency takes its show on the (virtual) road. A financial industry coalition makes appeal to the SEC.

Invisible Rails: The Governance Void

April 17, 2026

A clean counterparty no longer guarantees a clean transaction. ERM was built to assess institutional risk. It was not designed to see how the value ...

Compliance Is the New Standard of Resilience

March 27, 2026

Regulatory expectations are rising, and they go beyond just setting policy. Regulators want confidence that governance and operational processes ...

From KYC to KYB – Know Your Business

March 27, 2026

Digital verification and compliance tools evolve to meet the complex challenges of identifying and onboarding businesses.

2026 Financial Risk Symposium Keynote: Edward Fishman on Economic Chokepoints

March 20, 2026

Managing the impact of geopolitical volatility on corporate profit margins is an increasingly critical priority for senior management and risk ...

From 'Cyber-Aware' to 'Risk-Intelligent' Boards: The Strategic Governance Nexus

March 20, 2026

Three systemic failures in 2024 revealed a critical governance blind spot: Boards had technical data but lacked risk intelligence. The Strategic ...

Prediction Markets: How Sure Is the Bet?

February 27, 2026

A largely retail and recreational phenomenon is also being sold as "crowd wisdom" for business planning, economic analysis and risk management. An ...

SR 11-7 in the Age of Agentic AI: Where the Framework Holds – and Where It Strains

February 27, 2026

As the U.S. model risk management guidance is challenged by technological advances, it “remains one of the few stable reference points for model ...

From Black Boxes to Boardrooms: How Banks Must Govern Artificial Intelligence

February 20, 2026

“AI is no longer an innovation story. It is a governance story.”

The Complexity Cascade: Why Physical Risk Models Diverge — and What Governance Needs to Do About It

February 19, 2026

Physical climate risk vendors often provide very different assessments for the same assets. This article explains the sources of these differences ...

The House of AI: Why the Smallest Details Matter in a Regulated World

February 13, 2026

New construction can be impressive on the outside, but uninhabitable without plumbing, wiring and other necessities. The generative AI analogy: “A ...

Cracks in the Foundation? Five Structural Risks for 2026.

January 16, 2026

From monetary policy and financial stability to private credit, AI and cybersecurity, risks are complex and interconnected; “scenario planning is ...

AI in Risk Management: Preparing for the RAI Exam

January 15, 2026

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

MCP: A Common Denominator for AI Data Connections and Model Governance

January 9, 2026

The Model Context Protocol gains acceptance as AI risk and control challenges mount up.

Financial Crime in 2026: Identity Overhauls, Trafficking Crackdowns, and Securing Next-Gen Payment Rails

January 9, 2026

Artificial intelligence and advanced analytics hold great promise as anti-money laundering, fraud and cybersecurity functions converge, but “the road ...

Say Hello to My Little Friend: Leveraging Digital Twins for Risk Management

December 12, 2025

A dynamic framework for fundamentally transforming scenario and risk assessment processes.

Re-engineering Enterprise Risk Appetite for Integrated Capacity Consumption

December 12, 2025

Risk appetite statements must evolve from siloed risk-type thresholds to horizontal frameworks that measure capacity consumption across ...

Superintelligence May Exacerbate Cybersecurity Weaknesses. Is CyberAGI the Solution?

December 5, 2025

A vision of the autonomous, agentic future: Gearing cyber risk management and technology for the coming of artificial general intelligence.

The GENIUS Act Prompted Victory Laps. Then the Compliance Implications Started Sinking In.

November 26, 2025

With globally scalable stablecoins come anti-money laundering and know-your-customer challenges – and potentially “new layers of systemic and ...

Three Ways to Manage Third-Party Risk: Guidance for Resilience

November 26, 2025

Third-party relationships are the backbone of modern business. Their potential vulnerability to bad actors is often what keeps CISOs awake at night.

The Non-Insurable Risk: The Case for Pre-Funded Digital Resolution Playbooks

November 14, 2025

Cyber insurance covers 1% of losses when digital utilities fail. Funded resolution playbooks – not prevention – are the defense against catastrophic ...

AI Bubble or Boom? They Are Two Sides of the Same Coin. The Risks Are No Different.

November 7, 2025

In an attention economy where lots of hype is needed to attract capital investments, we may go through a bubble to find the boom. Large ...

New York, London, Hong Kong . . . GIFT City: Can India Join the Club of Elite Financial Hubs?

October 17, 2025

Tying the growth and reputation of markets to aspirations of international economic and political leadership.

Chatbots Can Go Awry. Is There an Insurance Hedge for That?

October 10, 2025

Innovative strategies emerge as the risks of generative AI raise concerns about legal liability outside of what conventional cyber policies cover.

Inconceivable: A Practical Guide to Tail-Risk Scenario Design

October 3, 2025

If you can easily explain why a scenario won’t happen, you’re not thinking hard enough about how it could.

A Banner Year for Catastrophe Bonds

September 26, 2025

Economic conditions combine with evolving structures to fuel growth that is expected to continue into next year.

The Growth of Digital Banking and Its Risks

September 19, 2025

If left unmanaged, a new wave of vulnerabilities – fraud, weaker credit profiles, AI dependence and over-reliance on third-party infrastructure – ...

The Cost of Love: How Romance Scams Are Breaking Hearts – and Risk Models

August 29, 2025

Sophisticated criminal enterprises fuel a fraud epidemic that spans multiple categories of risk and evades traditional detection measures.

Beyond Compliance: How Operational Resilience Drives Business Growth and Innovation

August 8, 2025

Effectively investing in and ensuring resilience enhances efficiency, agility, risk mitigation and customer trust.

Should Banks Be Concerned About Geopolitical Risk, and Can They Actually Do Anything About It?

July 18, 2025

Geopolitical dangers like wars and fluctuating tariffs undoubtedly have real-world effects – but it’s very difficult to manage these hazards, and ...

Tariffs and SMEs: A Banker Advises on How to Adapt

July 18, 2025

Global volatility and uncertainty can be tough on any firm’s finances. Small and medium-sized enterprises have an opportunity to do more than merely ...

Navigating the Complexity of Models and Model Validation in Financial Crimes

July 3, 2025

Fraud detection and anti-money laundering are among the complicated financial crime risks that financial institutions must model. How do these risks ...

Ways the U.S. Dollar Loses Its Crown, or Not

June 13, 2025

Forces ranging from geopolitical alignments to acceptance of stablecoins make various outcomes possible.

Is Catastrophic Software Failure a Black Swan?

May 23, 2025

The risk is systemic, and the preparations must go beyond the technical.

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, ...

Evolving Risks Driven by U.S. Policy Changes World

April 15, 2025

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

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.

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 ...

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 ...

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.”

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 ...

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.

Operational Resilience & 2025 Risk Outlook

December 16, 2024

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

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 ...

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 ...

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, ...

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 ...

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 ...

Revolutionizing Risk Decisioning with AI and Gen AI

September 9, 2024

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

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 ...

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 ...

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.

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.

Stress Testing

July 12, 2024

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

Risk-Management Considerations Amid Continuing Supply-Chain Pressures

June 21, 2024

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

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.

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 ...

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.”

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.

Geopolitical Risk

April 12, 2024

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

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 ...

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 ...

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 ...

Energy Security Risk 2024 Risk Trend Preview

January 5, 2024

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

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 ...

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.

5 Ways to Improve Model Risk Management

November 17, 2023

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

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 ...

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

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 ...

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

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 ...

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 ...

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.

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. ...

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 ...

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 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

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 ...

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 ...

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 ...

Operational Resilience Through Supply Chain and Business Process Mapping

November 11, 2022

A discipline for navigating the complexities of concurrent and cascading crises

Assessing Today’s Outlook on Model Risk Management

October 12, 2022

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

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 ...

Scenario Analysis: Assessing the Quality of the Journey

July 29, 2022

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

July 8, 2022

CRO Takes a Plea in Archegos Case

May 20, 2022

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 ...

Impact of Russian Invasion of Ukraine: 5 Insights for Risk Managers

May 3, 2022

The Risk Snapshot Series highlights key insights from GARP’s quarterly survey of Financial Risk Managers (FRM®) about critical risk issues global ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Modeling Extreme Events

March 25, 2021

What factors should financial institutions consider when forecasting and analyzing rare tail-risk incidents? Bernd Schwaab, Andre Lucas and Xin Zhang ...