Fixed scenarios "could be procyclical"
Stress testing is a vital part of successful risk management, but risk managers at energy trading firms frequently face obstacles in designing and implementing successful stress testing programmes. In...
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.
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Multivariate analysis is a powerful tool for finding significant relationships between business environment and risk losses
As US regulators prepare to introduce new stress-testing requirements for medium-sized banks, the Fed warns that the largest are still struggling to meet existing standards – and the intent of future stress tests is likely to be dramatically different...
Major US banks are failing on key risk management tasks, regulator says
Capturing tail events, especially those that include the rare possibility of severe loss, is one of the important objectives of modern risk analysis. However, the past behavior of financial data is not necessarily an accurate predictor of possible scenarios...
It is not usually my editorial style to quote popular music lyrics in my editorials for The Journal of Risk Model Validation but I cannot help but be reminded, given the current Zeitgeist, of The Doors' lyric: "[It's] been down so goddamn long that it...
As more institutional investors opt for hedge funds, robust risk management is being seen as a central function needed in order to raise capital, according to a survey by Prmia and SunGard APT
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
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