September 2012 Blog Posts (19)

OTC Clearing: part 4 - OTC clearing and its impact on collateral management

Collateral: banks, broker-dealers, funds and clearinghouses all need it more than ever. Collateralisation of bilateral as well as cleared OTC trades is essential to ensure a functioning and stable financial market that is able to absorb potential shocks of Lehman-esque dimensions. Upcoming regulations like Basel III, Dodd-Frank and EMIR and margin requirements for non-centrally-cleared derivatives will enlarge the required collateral pool…

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Added by Tom Riesack on September 25, 2012 at 2:59pm — 2 Comments

What's the next leap of development for operational risk?

The world of risk management is continually evolving but where is the next developmental phase for the practice of risk theory?
 
In my opinion, one area which offers great opportunity is the relatively undiscovered work around event predictability. Let's be real of course, there is no…
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Added by Martin Davies on September 25, 2012 at 7:30am — 1 Comment

Webinar: Debriefing a diagnostic of an organisation’s risk management practices using ISO 31000Rx

Webinar: Debriefing a diagnostic of an organisation’s risk management practices using ISO 31000Rx

Presenter: Dr Dean Myburgh

Time: 9 am Sydney/Brisbane (EST) on 5 October 2012

To register for the webinar: http://www.brighttalk.com/webcast/8271/56441

Following the first two Webinars presented by Dr Dean Myburgh on OD/Diagnostic approaches to risk management implementation and using…

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Added by GlobalRiskCommunity on September 23, 2012 at 2:00pm — No Comments

The hare and the tortoise: the fastest is not always the strongest

Despite the current economic turmoil, we have recently witnessed a frenetic race for ultra low latency, privileging speed over costs. But now the reality of these decisions is catching up and trading institutions are finding that the fastest is not always the strongest – much like the hare and the tortoise.

Being lean and controlling costs is a new priority for banks, focusing on their core business. We are seeing major changes in strategy, with organisations moving away from the…

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Added by Sebastien Jaouen on September 19, 2012 at 11:32am — 1 Comment

What it Takes to be a Better CFO

Melanie Mailly-Demont, a speaker at the marcus evans CFO Summit XXV Fall 2012, on how CFOs can add more value to their organization.

 

Interview with: Melanie Mailly-Demont, Chief Financial Officer, Infilco Degremont

 

Las Vegas, NV, September 18, 2012 - FOR IMMEDIATE RELEASE

 

Chief Financial…

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Added by Jennifer Keljik on September 18, 2012 at 6:00pm — No Comments

Extraterritoriality (try saying that quickly, three times over!)

After almost two years since the Dodd-Frank Act (DFA) was put on the statute books, the first swap-related articles finally take effect on 12th October this year. Now everyone can be assured they are trading, clearing and reporting under a common set of rules, right?

Not so. While DFA requires market participants to report OTC trades to Swap Data Repositories (SDR) and introduces conduct business rules, other jurisdictions have not yet finalised their respective…

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Added by Tom Riesack on September 18, 2012 at 3:57pm — No Comments

Interview with Nick Galletti, Director – Risk Management at ConEd. Viewing Collateral Security through the Lens of Recent Enterprise Mishaps

Our partners at marcus evans conducted an interview with Mr. Nick Galletti, Director - Risk Management at ConEd recently and kindly gave us a preferential permission to publish it on our website.

Interview with Nick Galletti, Director –…

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Added by Boris Agranovich on September 16, 2012 at 5:00pm — No Comments

Better Risk Assessments: Free On-Demand Webinar

Looking back over my most popular blogs, there was a lot of interest in "5 Steps for Better Risk Assessments" back in March this year. Due to this interest I have created a complimentary 25 minute on-demand video webinar on this same subject complete with detailed "how to" examples and visuals that are not possible in a blog…

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Added by Steven Minsky on September 13, 2012 at 6:00pm — No Comments

Risk Leadership - Should a Board have a Risk Committee?

In November 2009 I contemplated  "Should Board Audit and Risk Committees be Separate?"  and today I question "Should a Board have a risk committee at all?"

In 2009 I concluded:

  • Management's responsibility is to identify, manage and report on risk with a predefined risk…
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Added by Bryan Whitefield on September 13, 2012 at 3:23am — No Comments

Methods and Processes for Effective Model Validation

Errors in financial models that banks use on a daily basis could lead to tremendous financial and non-financial losses. It is crucial for banks to understand how they could minimize and manage model risk effectively. In addition, the OCC and the Federal Reserve have recently released new guidelines on model risk management, which will significantly modify their existing model risk management…

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Added by Michele Westergaard on September 12, 2012 at 10:56pm — No Comments

OTC Clearing: part 2 - OTC regulatory complexity fosters clearing insecurity

“[…] The financial crisis that began in 2007 had its origins precisely in over-complex regulation.”

These are the wise words of Niall Ferguson, Professor of History at Harvard, speaking at this year’s BBC Reith Lectures. He goes on to cite Dodd-Frank as a near-perfect example of excessive complexity in legislation.

Those of you who had the pleasure of sifting through the proposed rules, discussion…

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Added by Tom Riesack on September 11, 2012 at 3:49pm — No Comments

Wheatley Fixing Libor

The Wheatley Review of Libor has been published and is carried on the HM treasury website. There are several points worth noting in this initial discussion paper, some of which have been summarised here.

[Click…

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Added by Martin Davies on September 10, 2012 at 1:30pm — No Comments

Live eSeminar: Leveraging the Cloud

This eSeminar goes beyond concepts and looks at the performance and effectiveness of cloud-based endpoint security in the real world.

Join a panel of experts as they discuss the critical aspects to consider in the evaluation and deployment of next-generation threat protection.

===>…
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Added by GlobalRiskCommunity on September 6, 2012 at 7:57pm — No Comments

Understanding risk appetite

Risk Appetite is loosely defined as "the affinity a person has for taking risk when attempting to meet a specific objective".

This concept of risk appetite differs from person to person or business to business and interestingly you will find that a…

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Added by Martin Davies on September 5, 2012 at 7:24pm — No Comments

10 Reasons not to miss Enterprise Risk Management 2012

Enterprise Risk Management 2012 (NYC, October 17-18, www.erm-usa.com) is North America's premier ERM Congress addressing the critical challenges being faced by FIs, energy utilities and corporations of all sizes.

If you haven't…

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Added by Aaron Rawcliffe on September 5, 2012 at 7:00pm — No Comments

Cementing the Requirements of Dodd-Frank

Interview with Houman B. Shadab, Associate Professor of Law at New York Law School

Houman B. Shadab is an Associate Professor of Law at New York Law School. He is an internationally recognized expert in financial law and regulation whose research focuses on hedge funds, derivatives, and securitization. Professor Shadab is a director of the Center on Financial Services Law and the Editor-in-Chief of the Journal of Taxation and Regulation of Financial…

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Added by Michele Westergaard on September 4, 2012 at 11:10pm — No Comments

Building a Global Tax Strategy

Melton L. Spivak, a speaker at the marcus evans Tax Officers Summit XIV 2012, stresses the importance of having an international network of contacts to help construct a global tax strategy.

 

Interview with: Melton L. Spivak, Vice President of Property Tax, JPMorgan Chase & Co.

 

Tax Officers must continuously…

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Added by Jennifer Keljik on September 4, 2012 at 6:44pm — No Comments

OTC Clearing: part 1 - Are financial institutions prepared for central OTC clearing?

Just three years ago the G20 leaders agreed upon a common course to regulate the financial markets, with focus on standardising OTC derivatives. In that time regulators have created the largest reform packages since the dawn of modern financial history including Dodd-Frank and the European Market Infrastructure Regulation (EMIR).

But are market participants prepared to cope with the consequences of these regulatory behemoths? With regards to OTC derivatives, under the new rules, these…

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Added by Tom Riesack on September 4, 2012 at 4:20pm — No Comments

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