Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...

Atkar: Not necessarily on operational risk. For instance, the recent Basel paper on the treatment of insurance to mitigate operational risks proposes arguably a more complicated approach than ...

Simulations are important. It was ever thus since the dawn of computing, but they have become even more important in AI-infused complex business environments. Simulations are core to any ...

The U.S. bank supervisory agencies recently issued for public comment revised guidance regarding the implementation of the proposed Basel II-related, risk-based capital requirements. Among the ...

Proposed changes to international reporting regulations could compel banks to spend perhaps tens of millions of dollars on technology over the next several years. The purpose of the regulations is to ...