Prudential’s Silitch on the blindspots in Basel III

Risk30 profile: Post-crisis reforms have failed to fully address systemic risk, Prudential’s CRO warns

Nick Silitch 3
Nick Silitch: “There’s nothing I can put this company through that gets us to within $25 billion to $30 billion of our economic capacity”
Photo: Alex Towle

This is the third of 10 interviews marking Risk’s 30th anniversary. An introduction to the series is available here.

Nick Silitch has tried time and again to bankrupt Prudential Financial. The chief risk officer of the Newark, New Jersey-based insurance company runs periodic economic risk projections to identify loss scenarios that could bring the firm to its knees. So far, he’s come up empty.

“There’s nothing I can put this company through that gets us to within $25 billion to $30 billion of

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