Enterprise risk management (ERM)
From gatekeeper to coach: model risk bids to reinvent itself
Model Risk Benchmarking data reveals a function in flux, grappling with resource cuts, AI models, regulatory divergence
Crisis? Which crisis? How ECB stress test failed to see Strait
Banks were told to design geopolitical shock scenarios, but some focused mainly on tariffs
Prediction markets can be a canary in the coal mine
Prices of contracts on the likes of Polymarket can act as signals for risk management and hedging, says risk expert
Determinants of enterprise risk management implementation: evidence from multinational corporations across the three lines of defense
The authors identify and investigate factors influencing the implementation of enterprise risk management in multinational corporations.
A consistent view of risk across the organisation
Beacon by CWAN is a unified platform that spans the full investment lifecycle – from trading and modelling to accounting and regulatory reporting
Deutsche Bank CRO’s year of living dangerously
Marcus Chromik explains his approach to geopolitical risk, operational resilience and AI adoption
Big banks love their climate vendors; small banks, not so much
Risk Benchmarking: Lenders with blue-chip loan books more likely to favour climate tools, research finds
CROs shoulder climate risk load, but bigger org picture is murky
Risk Benchmarking: Dedicated teams vary wildly in size, while ownership is shared among risk, sustainability and the business
‘The models are not bloody wrong’: a storm in climate risk
Risk Benchmarking: Risk.net’s latest benchmarking exercise shows banks confronting decades-long exposures, while grappling with political headwinds, limited resources and data gaps
Banks split over AI risk management
Model teams hold the reins, but some argue AI is an enterprise risk
Improving data for managing cyber risk and building resilience
The authors investigate current and proposed cyber risk reporting requirement and describe the data gaps that remain before discussing how a better and harmonized cyber incident data collection rule could improve cybersecurity.
Digital asset risk management
Managing digital asset risk using an integrated, composable framework
Fewer than half of banks rate their GRC vendor as ‘good’
Enterprise Risk Benchmarking study shows banks juggling multiple systems, adding costs and complexity
Most banks add ERM heads – but CROs keep control
Hiring tilts towards AI, cyber and model risk as enterprise risk’s remit grows faster than its reach
71% of banks automate escalation of appetite breaches
Automated processes are less common at banks where ERM sets overall risk appetite, research shows
North American banks outpace Europeans in ERM
New research shows US, Canadian banks have more developed enterprise risk management functions
Banks treat ERM as compulsory – even when it isn’t
More than 80% follow supervisory guidance or expectations for ERM, benchmarking shows
Enterprise risk managers: police or foot soldiers?
With more than 5,000 data points from 37 banks, our first ERM Benchmarking exercise shines a light on very different missions
Mapping the influence of enterprise risk management: a systematic review and bibliometric analysis
The authors conduct a bibliometric analysis and systematic review to investigate the influence of enterprise risk management research.
The AI bot that left the garage
Senior operational risk exec explains how hidden third-party feature could lead to systemic risk
Failure mode and effects analysis–analytic hierarchy process (FMEA-AHP) model in supplier risk management
The authors put forward an FMEA-AHP method to identify and manage supplier risks in a mining firm that is also applicable to other sectors and companies.