Standards and Regulation

Interview

Interview with Prof. Paul Embrechts, ETH Zürich

The complexity of Operational Risk

RiskNET [Editor-in-chief]

Operational risks and reputation risks play an increasingly important role in the financial sector and the real economy. But from a methodological perspective these risks – which often relate to…

Interview

Interview with Prof. Matthias Müller-Reichart

Solvency II as conditio sine qua non in the insurance industry

RiskNET [Editor-in-chief]

After years of preparatory work, a new, uniform supervisory system for the European insurance industry came into existence on 1st January, 2016. Solvency II represents a new quantitative and…

Interview

Governance, Risk and Compliance

Non-compliance destroys value contribution

RiskNET [Editor-in-chief]

A look at the media tells you a great deal about the "soul of compliance". Management misconduct is a hot topic, whether it is in the automotive sector, banking or the pharmaceutical industry.…

Study

Redefining business success in a changing world

CEO's concerns about geopolitics

RiskNET [Editor-in-chief]

Two-thirds of CEOs (66%) see more threats facing their businesses today than three years ago.  Just over a quarter (27%) believe global growth will improve over the next 12 months, a decline of…

Comment

Benefits and Risks of the New Insurance Regulation

Solvency II at the Gates

Prof. Dr. Helmut Gründl

Investors and insurance policyholders are often confronted with complex products and providers’ opaque organisational structures. At the same time, the possibility that their claims will not be…

Study

Zero interest rates and regulation create new risks

New risk models required

RiskNET [Editor-in-chief]

The combination of zero interest rates and more stringent regulatory requirements is creating additional risks for investors and the financial system as a whole. Asset managers must react to…

Comment

The Notion of the Risk ­Society in the Public Discourse

The Appeal of Disasters

Prof. Dr. Klaus P. Japp

Even deciding to get married can have serious consequences. But clinging to the idea of large-scale risks – by, for example, positing the notion of a 'risk society' – obscures many of the…

Comment

Wall Street’s Sexiest Models

On Financial Models and Game Theory

Volker Bieta

In the wake of the sub-prime mortgage crisis, many have voiced doubts as to whether financial models are fit for purpose. At the time the crisis struck, in the autumn of 2007, many market…

People

Remembering the Father of Fractals

Beautiful, Colourful Risk

Frank Romeike [Editor-in-chief RiskNET]

"The goal of science has always been to reduce the complexity of the world to simple rules." This quote comes from Benoît B. Mandelbrot, who was one of the few people to imbue mathematics with a…

News

Financial Stability Board Publication

Total Loss-Absorbing Capacity standard

RiskNET [Editor-in-chief]

The Financial Stability Board (FSB) today issued the final Total Loss-Absorbing Capacity (TLAC) standard for global systemically important banks (G-SIBs).

The TLAC standard has been designed so…