Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Adam Holden Chief Executive Officer at NorthRow

7 Barriers to Delivering Efficient KYC Remediation

Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call. However, with the current market volatility and increasing levels of financial crime, sitting on a back-book of inaccurate or out-dated client data will expose your...

05 October 2020 /regulation

Thomas Pintelon Head of Strategy at Capilever

Credit scoring - Art or science?

Financial services companies offering credits need to assess the risk they are taking when accepting a credit. This mainly consists of determining the probability that the borrower will not repay the credit, and the amount of money that will be lost in that case. Usually this risk is expressed by respectively the Probability of Default (PD) and the...

16 September 2020 /retail /inclusion

Adam Krug CLM Ambassador at Pegasystems

Is Straight Through Processing the silver bullet for reducing false positives?

“How can we reduce false positives?” is the million-dollar question facing the banking industry. Costly and potentially harmful from a customer service perspective when a legitimate account is frozen unnecessarily, the silver bullet is yet to be found. But this problem lies in the very nature of fraud detection engines used during the KYC process –...

11 September 2020 /regulation /crime

Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.

The Digital Impact Chain: a critical tool to get the business and cyber on the same page in a crisis

In this time of digitalisation, with more employees, suppliers and third parties opting for virtual meetings and transactions - IT, security and cyber teams have become hyper-vigilant about protection of sensitive and regulated information. It’s a challenge. In previous posts on Risk Quantification, and how 2020 is changing the way we 'Do Risk a...

04 September 2020 /regulation /covid-19

Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.

2020 is changing the way we 'Do Risk and Resilience' forever

You are the CRO. Responsible for measuring risk impacts due to not only the pandemic, but multiple uncertainties ranging from disrupted supply chains, economic impacts to historic wildfires and hurricanes. How you and your teams do risk and resilience management is transforming today and will evolve tomorrow and every day into the future as we adap...

27 August 2020 /regulation /covid-19

Adam Holden Chief Executive Officer at NorthRow

What You Should Know About the Government’s Economic Crime Levy Proposals

As a first step towards introducing the Economic Crime Levy, as announced by the Chancellor in his March budget, the Government has issued a consultation document designed to get feedback on how the levy should be introduced, what it should cover and who should pay for it. Although there appears to be a general acceptance that the levy is a good i...

24 August 2020 /regulation /crime

Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.

How cybersecurity teams use Risk Quantification to remain vigilant in a post-pandemic digital world

As soon as the severity of the COVID-19 outbreak was recognised by world leaders, a widescale shift to remote working for many office workers rapidly increased the pressure on cybersecurity teams. Before entering this “new normal” in 2020, most cybersecurity teams would typically have been used to guarding an organisation’s infrastructure, analysin...

17 August 2020 /security /covid-19

Retired Member 

Is there an end of volatility in sight, or should we expect a second wave?

As lockdowns following the Covid-19 outbreak are easing, we see some cautious optimism about a beginning economic recovery. But there’s no doubt that this crisis will take its toll on growth in 2020 and beyond. In a report released last month, the OECD outlined two equally probable - and equally gloomy - scenarios for the world economy. In the “

15 July 2020 /markets /covid-19

Eugene Rudenko Marketing manager at Aetsoft

Breaking the Fall, or How Fintechs Can Mitigate the Economic Effects of COVID-19

In the face of the worsened economic situation conditioned by the pandemic, many fintech companies now reconsider their processes. A particular focus is put towards more practical approaches in areas where the outbreak hit the most. The first two actions every reasonable business owner should take are to elaborate the current crisis management plan...

02 July 2020 /wealth /covid-19

Thomas Pintelon Head of Strategy at Capilever

Social distancing and Financial distancing - New counterparty risk models

The impact of the current crisis on counterparty risk models One could argue, that in a similar way that social distancing can limit the epidemic spread in the current health crisis, applying correct counterparty risk measures can prevent the contagion and propagation of financial defaults. Not by excluding companies from doing business, but by he...

27 May 2020