Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...
Risk models at Credit Suisse had flagged the dangers before their $5.5 billion Archegos loss. Silicon Valley Bank's risk metrics showed clear warnings before their collapse. In both cases, ...
More than a third of banks still do not quantitatively assess the impact of climate risk on credit portfolios, the findings of Risk.net ’s Climate Risk Benchmarking study show, despite some ...
Following the global financial crisis that began in 2007–08, policy- makers have multiplied their efforts and implemented reforms to strengthen the resilience of the financial sector. But – while ...
As banks race to adopt artificial intelligence, a debate is raging within the industry over how AI risks should be managed. Banks generally fall into one of two camps: those that treat AI as a model ...
Why risk management is a leadership skill, not a finance task, and how CEOs should factor risk into every financial decision to protect cash, profit, and growth.
By Ladi Osadebe Abstract In Nigeria, event management has evolved into a complex, high-stakes business that represents both the pace and volatility of the ...
Rapidly advancing technology, increasingly sophisticated attackers, and a rise in supply chain threats make systemic cyber-risk difficult to assess. An influx of vulnerabilities that continue to amass ...
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