Call for Papers: The Blind Spots of Risk Management
The Blind Spots of Risk Management – A Special Issue of the Journal of Risk Management in Financial Institutionsread more...
View ArticlePro-cyclicality (the flip side)
While Basel II is generally seen by industry practitioners as having been a positive contributor to the risk management of banks and the stabilty of financial systems (see PRMIA Survey), the nagging...
View ArticleBlame the Pension Fund âAnimalsâ for Excessive Risk-Taking Behavior?
At the recent PRMIA Credit Forum in New York, one slide from an early morning presentation leaped off of the screen. The slide depicted the number of issuers coming to the marketplace at below...
View ArticleChapter 31 â Aligning Compensation Systems with Risk Management Objectives
This week, Fed Governor Randall Kroszner called on the financial sector to develop industry-wide guidelines for compensation that would better align individual incentives with the long-term interests...
View ArticleSurvey Results: Is Fair-Value Accounting Exacerbating the Credit Contraction?
This week, the Financial Times asked at the end of their Tuesday opinion piece whether some elements of Basel II that are contributing to pro-cyclicality of the credit cycle and elements of fair-value...
View ArticleIntegrated Risk Management â A Spectacular Video
This blog is focused on integration of risk management into the business process. To highlight different ways in which this can happen, I try to find angles that we typically don’t consider as risk...
View ArticleBooks to Help With Understanding the Crisis and to Make Things Better
In past posts I’ve talked about various elements of psychology, behavioral finance and complexity as they can be applied to risk management and our organizations.read more...
View ArticleDivide and Conquer
In my recent conversations with various board members and senior risk officers, I have become more certain of the need to end the dual and conflicting roles assigned to the newly emerged Chief Risk...
View ArticleEvidence that Risk Management Adds Value
Evidence is growing that risk management adds value.read more...
View ArticleCrisis Sentiment Index Rises Two Points in December
The Crisis Sentiment Index (CSI) is a regular assessment of the status of the financial/economic crisis around the world by senior executives and board members who are involved in risk management....
View ArticleCrisis Sentiment Index Worst Since March 2009, Fear at Highest Level Since...
The Crisis Sentiment Index is a quarterly assessment of the status of the financial crisis by board members, Chief Risk Officers and other C-level executives in companies around the world.read more...
View ArticleCrisis Sentiment Index Improves by 5 Points in December; Still More than 40...
The Crisis Sentiment Index (CSI) is a regular assessment of the status of the financial/economic crisis around the world by senior executives and board members who are involved in risk governance....
View ArticleCongress is Broken â Does the Solution Come from Random Numbers?
As the 2012 elections approached, the approval rating of the U.S. Congress was somewhere between 10% and 20%. Yet, despite this, more than 90% of candidates for the U.S. House of Representatives that...
View ArticleQualified Risk Director Guidelines Released for Better Oversight of Risk by...
The Directors and Chief Risk Officers group (âthe DCROâ) today issued its guidance to organizations seeking to better govern risk through the identification and recruitment of Qualified Risk...
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