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…Continue
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…Continue
Added by GlobalRiskCommunity on September 23, 2012 at 2:00pm — No Comments
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…Continue
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
Added by Jennifer Keljik on September 18, 2012 at 6:00pm — No Comments
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…Continue
Added by Tom Riesack on September 18, 2012 at 3:57pm — No Comments
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 –…
Added by Boris Agranovich on September 16, 2012 at 5:00pm — No Comments
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…Continue
Added by Steven Minsky on September 13, 2012 at 6:00pm — No Comments
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:
Added by Bryan Whitefield on September 13, 2012 at 3:23am — No Comments
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…Continue
Added by Michele Westergaard on September 12, 2012 at 10:56pm — No Comments
“[…] 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…Continue
Added by Tom Riesack on September 11, 2012 at 3:49pm — No Comments
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.Continue
Added by Martin Davies on September 10, 2012 at 1:30pm — No Comments
Added by GlobalRiskCommunity on September 6, 2012 at 7:57pm — No Comments
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…Continue
Added by Martin Davies on September 5, 2012 at 7:24pm — No Comments
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…Continue
Added by Aaron Rawcliffe on September 5, 2012 at 7:00pm — No Comments
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…Continue
Added by Michele Westergaard on September 4, 2012 at 11:10pm — No Comments
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…Continue
Added by Jennifer Keljik on September 4, 2012 at 6:44pm — No Comments
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…Continue
Added by Tom Riesack on September 4, 2012 at 4:20pm — No Comments
Added by Boris Agranovich on September 1, 2012 at 12:30pm — No Comments