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Covid isn’t killing corporate entertaining – it’s dead, anyway
For a generation of bankers and vendors, client hospitality was part of life. But the party is winding down
The bank, the vendor, the turrets and the golf day
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Agreement to buy optimisation firm for £274m strengthens LCH’s FX foothold as SA-CCR bites
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I think this is what your survey is revealing: we’re not going to get a global transition in all these sectors in anything other than a disorderly fashion. It’s a competitive world, different markets are doing different things and it’s very unlikely that everyone’s going to do it all together.
John Scott, head of sustainability risk at Zurich Insurance Group, on the move to a lower-carbon economy
I think you could come up with scenarios in which we’d have to say: ‘Well, is this really a relationship of trust? Are we really working in the same direction? Do they really care about their duty to reduce risk to financial stability, both at home and in other places that use the CCP?’
Christina Segal-Knowles, head of FMI at the BoE, says any policies by a foreign authority that undermine its relationship with the UK central bank could result in more active oversight of foreign CCPs.
SolarWinds is what we call the Pearl Harbor of cyber.
Jayaraj Puthanveedu, global head of operational resilience and third-party technology risk at BNP Paribas
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Big Figure
Bearing down
Using survey responses from Risk.net’s latest crowd-sourced scenario-generation exercise, analytics firm Sapiat created a range of stress scenarios. To do this, the modellers leveraged extreme yet plausible negative predictions from a handful of the most pessimistic respondents from the survey population – “the five bears”, as Tim Wilding, Sapiat’s head of research, dubs them. Three stress scenarios were generated, following the contours of the three original regimes (low, moderate and sharp inflation), and used to shock the same exemplar portfolio. “As a crowd within the crowd, the five bears are formulating a stress scenario that may appear somewhat extreme, but that is still strongly consistent with model assumptions,” says Wilding.
Read the full articleRisk Management
Covid isn’t killing corporate entertaining – it’s dead, anyway
For a generation of bankers and vendors, client hospitality was part of life. But the party is winding down
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Covid isn’t killing corporate entertaining – it’s dead, anyway
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