Latest Story

Black Swans or Wishful Thinking and Misinterpretation

By Geary Sikich There seem to be a lot of sightings of “Black Swans” lately. Should we be concerned or are we wishfully thinking, caught up in media hype; or are we misinterpreting what a “Black Swan” event really is? The term “Black Swan” has become a popular buzzword for many; including, contingency planners, risk…

Read more »

Validating Business Continuity Plans Using Failure Point Exercise Methodology

 By Geary Sikich Imagine that your plan has been implemented as it was designed. You and your organization carried out the plan following every detail that was contained in the…

Read more »

The Volcker Rule: Mission Impossible

Politicians have given a lot of attention to the Volcker Rule in testimonies to the House and Senate in early February and even in Federal Reserve Chair Janet Yellen’s first…

Read more »

Derivatives Transparency Is Essential to End TBTF

Thomas Hoenig of the Federal Deposit Insurance Corp. recently highlighted a number of key items left in regulators’ agenda to end “too big to fail.” Speaking at the National Association…

Read more »

Why the Bank Leverage Ratio Is Important

Mayra Rodríguez Valladares is managing principal at MRV Associates, a New York-based capital markets and financial regulatory consulting and training firm. She is also a faculty member at Financial Markets…

Read more »

Lawmakers’ Global Competitiveness Argument Is a Red Herring

The House Oversight and Investigations Subcommittee will hold an important hearing titled “The Growth of Financial Regulation and its Impact on International Competitiveness” today. While the topic is certainly one…

Read more »

To Regulate Foreign Banks in the U.S., ‘Trust, but Verify’

Mayra Rodríguez Valladares is managing principal at MRV Associates, a New York-based capital markets and financial regulatory consulting and training firm. She is also a faculty member at Financial Markets…

Read more »

7 Ways to Improve Regulatory Document Management

By: Marc Murphy At a recent AML event, a speaker from a global financial institution claimed that regulatory coverage of documentation was a hugely problematic and thorny issue for his organisation.…

Read more »

Risk Management- Loses Metamorphosis

By: Tamer W Francis Boulos In this short article, I am presenting the seeds of a new Risk Management ideology, which I named Loses Metamorphosis, which could be the fourth…

Read more »

Global Regulatory Changes Signal a Tectonic Shift for Derivatives Trading and Banks

By: Julian Fisher The center cannot hold! The day of banks making over-size profits from trading OTC derivatives, which comprised some 37% of banking revenue in 2010, is over. Regulatory…

Read more »

Complexity as a Means of Portfolio Diversification

A portfolio is a collection of securities: stocks, bonds or treasury bills. The calculation of the expected return of a portfolio is straightforward. The corresponding standard deviation can be used…

Read more »

Comparison between the PRM and FRM Certifications

Comparison between the PRM and FRM Certifications

The current environment requires many people working in financial services to have a good understanding for various components of risk management (e.g. operational risk, credit risk, market risk, etc,).  Risk…

Read more »

FDIC – Social Media: Consumer Compliance Risk Management Guidance

By: Kseniya (Kate) Strachnyi On December 11, 2013, the Federal Deposit Insurance Corporation (FDIC) issued FIL-56-2013 – Social Media: Consumer Compliance Risk Management Guidance (the “Guidance”). It provides guidance around…

Read more »

Black Swans, Shapeshifters and Flexibility

By: Geary Sikich and John M. Stagl It seems that there many experts today who are jumping on the bandwagon and laying claim to some aspect of, or permutation of,…

Read more »

Fraud Risk Management – Controls for Mitigation of Rogue Trader Risks

A “rogue trader” is a trader who acts recklessly to the detriment of the clients and/or the institution that employs him/her. Rogue traders typically trade in high risk investments which…

Read more »

Manage Tomorrow’s Surprises Today: Supply Chain Risk Management

Manage Tomorrow’s Surprises Today: Supply Chain Risk Management

By:  Steven Minsky  A survey conducted by APQC found that in the past two years, 75% of companies were hit by at least one major unexpected disruption to their supply…

Read more »

GLC Europe – Solvency II Forum 2013

GLC Europe – Solvency II Forum 2013

GLC Europe is delighted to invite you to the Solvency II Forum 2013, on 21st and 22nd of November 2013, in Vienna at Fleming’s Deluxe Hotel. Over the last years…

Read more »

How ORM Add’s Value to the Business

How ORM Add’s Value to the Business

The identification, assessment, measurement monitoring, and reporting of Operational Risk presents several obstacles; however, it can be worth the trouble. Please use the link below to open the document which provides…

Read more »

Risk Culture and the Human Factor

Risk Culture and the Human Factor

By:  Geoff Trickey Over three years, PCL psychologists have been researching human factor risk. This is a topic with a chequered and confused history. Neither academic psychology nor the risk…

Read more »

Orchestrating Harmony in Your Own Organization: How ERM Can Help

Orchestrating Harmony in Your Own Organization: How ERM Can Help

By: Michael Yip HAVE YOU EVER sat through a symphony concert and asked yourself, “How do they make such beautiful music together?” Just imagine all of those different instruments and…

Read more »