Learnings around Stress Testing
• Expanded Stress Testing activities are good for the business
(i.e., good risk management), and a necessary component of
an Internal Capital Adequacy Process (ICAP).
• Coordinated bank-wide stress tests need to have a con
Read more…Financial Reporting Council's Audit unit has given green light to such a practice which compromises independence and controls. It seems KPMG used it's muscle power to get endorsement from FR council, which i believe shouldn't have happened.
Any comme
Read more…In my opinion, the reliability of EU bank stress test is not only undermined by the “not-stressful-enough” scenario, but also (and perhaps even more importantly) by the methodical limitations of Core Tier 1 capital ratio calculation (which was the cr
Read more…From a high level overview, all of the institutions agreed that the regulatory agencies are still trying to get a handle on the latest legislation and this was echoed by a senior level person from the FDIC - "that one year after Dodd Frank, the rules
A government guarantee has a huge potential value, but it is seriously devalued when it does not guarantee the right thing. I estimate that the UK government may be paying up to 2% p.a. additional interest for this reason. Other governments likely pa
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GlobalRisk Community - I will be reporting from the Enterprise Risk Management in the Banking Industry Conference this Thursday and Friday in NYC.....I will be posting the session topics later, so you will be able to direct specific questions to the
Read more…How do I submit a paper for interested members to review and comment? I need some help with a line of research I am pursuing and some frank feedback on the lines of reasoning in the white paper. The paper was presented at the May 2011 World Conferenc
Read more…I'd appreciate some feedback from the community on online ERM resources. I am looking for ERM-related RSS feeds, online risk management magazines (free ones), blogs, etc. Can anyone make some recommendations? Thanks!
Read more…July 12, 2011 FTC Conference Center Washington, DC
Are you interested in attending? It is Free and Open to the Public
Use the link below to register.
http://Stolen Futures: A Forum on Child Identity Theft
The Federal Trade Commission (FTC) and the Of
Read more…Dear All: I would like to share the following - Suppose, there is someone with immaculate credit history, that is, thrice has he borrowed, the amounts are 100, 200 and 300 k. Now the Borrower wants to get a new credit of 500 k. What is the risk of cr
Read more…September 13-24, 2011- marcus evans invites you to attend our 5th Annual Risk Management for Commercial Real Estate Conference, geared towards managing directors, heads, EVPs, SVPs and VPs. Hear from leading executives within the industry on how to g
Read more…I request professionals to vote/comment on the following question.
Which is the biggest challenge for Enterprise Risk Management in Middle East?
a) Senior Ex/Middle Management awareness
b) Board Awareness
Read more…I am hoping that somebody somewhere may have at least a foundation of a successful risk or KRI library for using in the implementation of a ORF for an Inter Dealer Broker? i have approx 350 events/perf indicators at the moment across main categories,
Read more…Copulas have been a hot topic lately. Check out our latest video article on the differences between traditional correlation found in most Excel Monte-Carlo Tools and Copulas. Vose ModelRisk Industrial and Oracle Crystal Ball are used to make the comp
Read more…I think that the intent of Sarbanes-Oxley 304 is often misinterprested. 304 requires a "system of internal control." This means a management system!! Most often it is interprested as a system of internal controlS. The added s means to auditors and th
Read more…The much acclaimed COSO model is mostly referred to when discussing and implementing risk management. Research shows there is at least some doubt whether COSO is really helpful. Please, take a look at the paper attached and let me know your comments.
Read more…June 17, 2011 - RiskMinds conference - Notes from presentation “A Foundation For Stress Testing” by Dave Williams, CFA, Managing Director, Solutions Architects, S&P Valuation and Risk Strategies
“... Factoring In Macroeconomic Events
Calculate macr
Read more…June 13, 2011 - RiskMinds conference - Notes from presentation on Implementing Economic Capital for Effective Decision Making by Albert J. Schulman, VP, Enterprise Risk and Capital Modeling at Nation Wide.
“A Few Simple Questions
June 15, 2011 - RiskMinds conference - Notes from presentation on Setting Risk Appetite in the New Regulatory Environment by Joseph V Rizzi:
"...Risk Appetite as a Process Not a Number…
Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question. Some of the topics include: How do you Explain Risk Appetite? How to Prepare a…
Read more…I have just published a guide on PEPs screening requirements around the world and would like to know if anybody has any feedback on it? https://complyadvantage.com/blog/politically-exposed-persons-peps-screening-requirements-around-the-world/CA-PEP-Screening-Map-FINAL-V7 (1).jpg
Read more…We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…
Read more…Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…
Read more…We have an interesting question from one of our members. "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…
Read more…The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…
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