Blog

The financial services industry is unquestionably in the midst of a high-change, one that has the potential to radically  re-shape  the industry in the coming years.  The current changes feel disruptive because they are coming in a range of forms all at once. Read More

Counterparty credit risk (CCR) is currently one of the most complex topics for financial institutions. This complexity comes from many different sources but is primarily related to the multiple definitions and uses of counterparty credit risk. Therefore, the first question to ask yourself before modeling counterparty credit risk is why do you want to measure it? Read More

Following the 2008 financial crisis, the banking sector witnessed a plethora of regulatory changes. While these regulatory prescriptions cover every dimension of the banking world, the OTC derivatives (OTCDs) market has borne the brunt due to the derivatives' opaque and complex nature. Read More

In these days of ever-increasing regulation, managing risk is a difficult task at the best of times. Over the years, I have seen the pain firms experience when attempting to integrate disparate systems and streamline front-to-back processes.  There is evidence that, managed properly, a holistic approach to risk management pays off. In contrast, maintaining multiple systems is complex and consequently can be costly and often inadequate. Read More

In July 2015, the Basel Committee of Banking Supervision (BCBS) published a consultative paper on Credit Valuation Adjustment (CVA) risk to improve the current regulatory framework. In February 2016, the first improvements to this framework have been introduced based on the QIS based on December 2015 results. Read More