BoE warns against lending shares to borrowers aiming to influence AGM votes, but will anyone outside the UK listen?
David Mathers was also CEO of the swap dealer entities that housed the bank’s trades with Archegos
Ahead of shareholder vote, former execs point to gaps in key report – raising new questions about accountability
Interest rates might be a challenge, but they are also an opportunity for insurers, Gus Ortega, head of operational risk management at Voya Financial, tells Risk.net
Loose SFDR definitions leave room for Russian state-owned firms to remain in article 8 funds
In this paper, the authors investigate financial fraud in companies listed on the Athens Stock Exchange during the period 2008–18 and propose a model to detect fraudulent financial statements.
This paper revisits the linkage between internal audit function characteristics and internal control quality and proposes a random polynomial model for assessing ICQ.
This Risk.net special report comprises a series of articles that reflect on the latest initiatives for consistent standardised global frameworks for measuring ESG, consider the methodologies investors are using to make measurable progress for people and…
SSGA will vote against companies that do too little on climate, but won’t abandon them entirely
Risk disclosures in annual reports: the role of nonfinancial companies listed on the Athens stock exchange
This study analyzes the risks disclosed by all nonfinancial companies listed on the Athens stock exchange by undertaking content analysis of their annual reports during the period 2005–11.
Asset managers must put pressure on the companies they invest in
Asset manager Aegon hits out at “flawed” ESG ratings methodologies
Starting with an expert assessment of the climate risk factors over a specified horizon, then moving to a description of the expected number of climate events and the severity of the losses if an event occurs, the authors describe a framework to analyze…
Vague rules leave managers unsure which categories to apply to their funds
State fund and MIT’s business school look to improve ESG data and to reflect all investors’ views
The authors investigate the financial structure of Jet Airways, with the aim of understanding whether financial turbulence for an airline company can constitute an antecedent for predicting the risk of bankruptcy.
Social intel proves elusive as virus reawakens sense of corporate virtue
Meaningful data analysis critical to future of socially responsible investing, writes Antonia Lim
Asia Risk Awards 2020
This paper studies the growth by acquisition strategy embarked upon by a mid-sized UK bank, the Co-operative Bank; this strategy was a disaster, leaving a heretofore successful bank in dire trouble and on the block for buyers at a substantial discount to…
Amid a global push towards green policies, the reality of overhauling how industries worth trillions of dollars operate is causing concern. A forum of market participants and sponsors of this report discuss the levels of awareness of climate risk and its…
Difference between the determinants of operational risk reporting in Islamic and conventional banks: evidence from Saudi Arabia
In this study, the author investigates the operational risk reporting practices of Islamic banking institutions (IBIs) and conventional banks (CBs) in Saudi Arabia. Moreover, the author explores the joint effect of banking characteristics, corporate…