Cross-factor challenges


Risk managers might look back on the current period and see it as a turning point – the moment when risk management went back to basics. The reliance on elaborate models and the assumption rigorously applied mathematics translates to absolute certainty have been widely called into question. Instead, regulators have demanded a greater focus on qualitative measures such as stress testing, with enhanced monitoring of liquidity risk and counterparty credit risk. With those banks that suffered the mo

To continue reading...