Network Rail is not the average corporate, but it cares about financing and hedging costs as much as any non-financial – which explains a decision to abandon its old collateralisation policy last year....
Proposed revisions appear to catch back-to-back trades that are used to get exposure into European CCPs
The loss of service at one of the biggest US exchanges emphasises the risk of a failure at key service providers
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Risk management articles
Wrong-way risk (WWR) behaves differently for exposures to systemically important counterparties because their default has the potential to move financial markets before the close-out. Michael Pykhtin and Alexander Sokol show how the traditional exposure...
US insurers dealing with potentially heavier load from federal regulation and the Orsa
The role played by rating agencies in the crisis is well documented, but the new regulatory framework gives similar powers and privileges to clearing houses – and leaves them exposed to the same weaknesses and temptations, argue Chris Kenyon and Andrew...
Insurers desperate for a change to the low interest rate environment might want to be careful what they wish for, as higher interest rates could lead to an increase in policy surrenders. Hugo Coelho reports on how some insurers have started to adjust...
Longevity risk faced by annuity portfolios usually unfolds over a long period of time, but it may be useful to study it over shorter time horizons in the context of capital requirements, such as the proposed Solvency II regime for insurers in the European...
Industry data shows outsized operational losses are a regular feature of banking and traditional means of modelling them aren’t working. The industry needs to understand why and rethink its approach, argues Jonathan Rosenoer
For too long, regulators have issued complex rules while seemingly oblivious to the fact that banks will struggle to comply, argues David Rowe. A new initiative around effective risk data aggregation and reporting represents an overdue focus on the fundamentals...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
USA, 9th Dec 2013
USA, 10th Dec 2013
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