Basel III cracks are starting to appear is the first part of a two part series that looks at some of the mis-conceptions being bantered around over Basel III.

In this article we argue that Basel III capital floors can't be compared with the Basel II capital approach because the entire capital and liquidity funding methods for banks is going to operate differently under the new regulation.

Having just joined the GlobalRisk community (having been referred from the Political Risks Group on LinkedIn) I thought that it may be of benefit to post the latest edition of the report that we publish every six months.

Gallagher%20London%20PRI%20Report%20and%20Market%20Update%20January%202011.pdf



Clearly events in MENA since January  have superceded this report (which will be published again in July 2011) but it will give the community some idea of the commercial insurance market appetitite f

In our first blog article on Catastrophe and Extreme Value Theory which can be found by clicking here, we looked at methods for predicting outcome probabilities for climatic events.

I promised that I was going to follow up with another article on how operational risk and catastrophes can be market traded, this new blog can be found here.

The ability to trade exposure from catastrophes or to allow insurance firms to securitise their underwritten risk is an important aspect of the insurance market

Managing Business Travel Risks and Crisis

Introduction

If you know that business travel is not without its risk and the potential for crisis, then you need to read this article.

In this article we are going to talk about the management and containment of crisis as it relates to travellers and travel managers.
The objective of this article is to share with you the collective knowledge on managing crisis and significantly improve your ability to identify and manage a crisis but also improve your busin

Want to know how to be at the top of your game for job interviews? Join host Brad Agry as he discusses how to prepare for and be effective when you are face-to-face in a formal interview setting. Learn how to set yourself apart from the competition and turn job leads into offers. We're happy to share a webinar recording from Ivy Exec to help you get the job you deserve. If you'd like full access to Ivy Exec's webinars and professional development content, you can follo

Dark clouds are on the horizon for rating agencies and while many banks have become public enemy number one, the rating agencies aren't off the hook from their hand in the Credit Crisis either.  I am not saying it is curtains for the rating agencies but the world is certainly going to change for them.

You can read more by following this link

Hello everyone,

Does anyone have information (general or otherwise) regarding performance standards for controls. I´m trying to come up with some good examples to present at risk workshops. By showing a few I hope to get the message across that control identification alone is not enough.

Thanks!

Benjamín

Measuring risk means walking a thin line.  Balancing what is highly unlikely from what it totally impossible.  Financial institutions need to be prepared for the highly unlikely but must avoid getting sucked into wasting time worrying about the totally impossible.

Here are some sins that are sometimes committed by risk measurers:

1.  Downplaying uncertainty - Uncertainty increases when loss size increases.  Do your users know that?

2.  Comparing incomparables  -  Do you add together numbers from di

Basel III

There has been a lot of debate around the world over the new Basel III accord and what it means for banks.  A set of blog articles have been published on the Causal Capital webpage which discuss various aspects of this new mandate.

Wrong Way Risk

Wrong Way Risk occurs when exposure to a counterparty is adversely correlated with the credit quality of that counterparty and features heavily in the Basel III requirements.  This blog article discusses what drives wrong way risk and the measur

Due to the overwhelming interest in the 4th Annual ERM Conference from March 17-18, 2011, the program is currently getting very full. We are working on the last few seats for this conference and want to make sure that anyone who is interested in attending, can do so.

The last day to register is March 7, 2011!!

Current Speakers Include:

Norman Marks, SAP

Susan Sieker, Brinker International, Inc.

Cristina Tate, Hewlett Packard

David Wong, CME Group, Inc.

Geoffrey Smith, Iron Mountain, Inc.

John J. Brown

Thanks to the participation of modeFinance (company website here) to the MathWorks Connection Program (link) and the capability of modeFinance in numerical methods for credit risk evaluation, modeFinance and Mathworks are happy to invite you to the following seminar: 

“Matlab for Computational Finance”

Location: Milano, Italy

Date: March 22, 2011

Hour: 17.15-20.00

During the event, Mattia Ciprian, Ph.D. and Valentino Pediroda, Ph.D. ,cofounders of modeFinance, will present the  "Implementation and te

As it is possible to read in the interesting working paper titled "Does Private Equity change the performance of a European firm in which it invested?", Oleg Badunenko, Christopher F. Baum, and Dorothea Schäfer, German Institute for Economic Research (DIW−Berlin), Department of Innovation, Industry, and Service, Berlin, Germany (link at the paper), the MORE rating (link), thanks to the accuracy and the quality of its results, could be effectively used in the study of the relation between private

Dear Community member,

Last month, there were 6.4 unemployed persons for every job opening in the USA, according to the Labor Department. For those who aren't hired, understanding what happens to their candidacy along the way can be a mystery. But knowing what goes on in the hiring process may give prospects the inside track for a job. We're happy to share a webinar recording from Ivy Exec that lifts the curtain on the hiring process.

If you'd like full access to Ivy Exec's webinars and profes

The Golden Hour and the First 24 Hours!

In the vast majority of cases, regardless of the duration, the end success or successful resolution to a crisis is determined by the initial actions in the first 24 hours. Often referred to as the “Golden Hour” in emergency medicine, the initial hour of the first 24 hours is the foundation upon which the primary phase is predicated. The events, information and decision making process during these two phases will place both individuals and multi national cor

Introduction

The classic text book definition of risk is, “the probability of a threat agent exploiting vulnerability and the resulting business impact”. Vulnerability can be from applications, software’s, firewalls, people, process, location etc and what we're trying to see here is the vulnerability from software’s or applications and importance of patch management which in turn will result in effective risk management .

Effective Patch Management = Effective Software Vulnerability Management = E