Where to from here?

Victoria Pennington

After coping with the worst financial crisis for a hundred years, we now have to contend with giant ash clouds. Admittedly the volcanic eruption in Iceland and subsequent grounding of all flights in and out of European airspace hasn’t adversely affected financial services firms too much so far. But it does pose some strong reminders that black swan events – or ‘black ash events’ as ING’s Panagiotis Tsaoussis has dubbed them – do happen. Scenario libraries do not contain this type of event, but

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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