Risk.Net Risk Mgmt
@RiskNet_RM
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News, analysis, research, events on all types of financial risks arising from trades, loans, regulation, cyber crime & their implication on the financial sector
Joined March 2011
Check out Risk Benchmarking’s interactive XVA tool, using data collected from 30 banks, including seven of the world’s largest swaps dealers https://t.co/3XwhVP6J0Q
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Latest op risk loss commentary: HSBC $1bn provision as fallout continues from Madoff’s Ponzi scheme; AWS outage casts cloud on financial sector – data from @ORX_association
https://t.co/SOIQfRfcJP
risk.net
Also: Giant loan frauds hit three global banks, and AWS outage casts a cloud. Data by ORX News
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“We have true [AI] accountability with our second line, in the model risk office” – Suzanne Brink, Lloyds Banking Group’s head of responsible AI https://t.co/ot2k1NAbZd
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Model risk office is accountable for managing the risk of AI roll-out at the UK bank
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Risk Benchmarking: 75% of North American banks include KVA in execution or charging levels https://t.co/sY3lwEC1yg
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Now available online: ‘Model Risk and Uncertainty in the Financial World’ by Devajyoti Ghose and George Ulysses Soulellis https://t.co/gFQHlAzb8p
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“The way people are managing XVAs these days isn’t well suited to a position in treasury” – XVA trader at a large European dealer https://t.co/Hw3wUvx7os
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Risk Benchmarking: banks’ technology stacks & budgets vary widely, with big differences in speed and cost of XVA calculation https://t.co/BQ2crfqY0K
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“Having 30 days to comment on the 2026 scenario while also trying to evaluate these scenario design changes is a little rough” – industry source https://t.co/UVE6LWXo0w
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Supervisor consulting simultaneously on next year’s test scenario and broader model changes
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China’s opaque approach to data rules “a big problem” for global players, says Asifma’s Parusheva.
risk.net
Some firms left in the dark as new guidance on exporting data overseas is distributed bilaterally
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FCA hosting AI model development in a “supercharged” sandbox.
risk.net
UK regulator’s supercharged sandbox is designed to boost explainability and reduce reliance on vendors
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Latest op risk loss commentary: Yes Bank can’t say no to $317m insider fraud loss; hacking Pix up at Central Bank of Brazil – data from @ORX_association
https://t.co/3njY4pv2JO
risk.net
Also: Cracking Brazil’s Pix hacks, Macquarie fund fumble, and taxing time for Crédit Agricole. Data by ORX News
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“The BoJ’s yen rate policy has shifted under the global fight against inflation, and so the desire of customers to hedge risks in a liquid market has grown” – Tetsuo Otashiro, JSCC https://t.co/gwgPQFSqkS
risk.net
But CFTC no-action letter won’t allow netting of Japanese trades with those cleared at US FCMs
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“Banks have really got a very good handle on credit and liquidity risk, but cyber risk is number one for everyone” – Adrian Docherty, BNP Paribas https://t.co/Nw0P7QsNLe
risk.net
Attack on Jaguar Land Rover highlights difficulties modelling unpredictable impact of outages
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“For third parties … the industry asks questions, they provide answers, we know they are systemically important, but a lot of those big players are not regulated” – US bank tech executive https://t.co/2FiUNRslih
risk.net
1LoD survey finds 86% of control functions think they have sole responsibility for vendors
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“No credit problem yet” from tariffs, says Citizens Bank’s Richard Stein.
risk.net
Risk Live North America: Lower margins are early sign of stress, but Ally, Citizens and Pinnacle confident on loan books
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Risk Live North America: “We’re trying to move away from a traditional resilience paper-based exercise” – Leean Saveker, senior manager for brokerage risk and oversight, Robinhood Financial https://t.co/8NYPghMno3
risk.net
Risk Live North America: US broker is ditching emails, using chaos engineering and automating everything in sight
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One significant barrier to continuous trading is the movement of collateral, so could allowing exchanges to accept crypto collateral facilitate the transition?
risk.net
DRW’s Wilson warns of “mutiny” on non-stop rate options trading
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Governance, risk and compliance technology providers seen as lacking in Risk Benchmarking study. https://t.co/XVK1b0b3Ib
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Majority of banks’ ERM functions report to CROs, with only 6% reporting to CEOs https://t.co/e5U2wfaUWt
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97% of banks have a documented, board-approved ERM risk appetite framework – Enterprise Risk Benchmarking data https://t.co/iJzMi48HnZ
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