Artificial intelligence and machine learning are transforming the ways in which financial institutions manage risk. Driven by a proliferation of data and computing power, institutions are harnessing these tools to build predictive models that enhance decision making. Today, firms are using AI and ML to improve risk management by identifying early warning signals to manage credit risk and providing investment managers with capabilities to interpret unstructured ESG data for portfolio...

Over the next two years, driven in part by the economic consequences of COVID-19 and the shift toward work-from-home, financial institutions are expected to pay a lot of attention to credit risk, cybersecurity, ESG, non-financial risks, data management, third-party risk and AI. In this podcast, GARP editorial director Robert Sales discusses these trends and other findings from Deloitte’s recent worldwide risk management survey with J.H. Caldwell - the risk advisory leader for Deloitte’s...

Circling back on the issue of cybersecurity after many months of COVID, we speak with Robert H. Rosenzweig, RPLU, a SVP and National Cyber Practice Leader at Risk Strategies on the current environment for cyberthreats, what are the trends/issues firms are facing and implications for risk managers.

Edward Hancox, VP, Certification and Educational Programs and Beth Gould Creller, SVP, Certification and Educational Programs discuss the decision to sunset the Energy Risk Professional (ERP) Certification and how GARP can continue to serve the Energy industry and it’s risk professionals going forward.

GARP’s Robert Sales leads a roundtable with Randy Ahluwalia, Managing Director, BNY Mellon, Gokce Ozcan, Partner, Oliver Wyman and Wei Chen, FRM,  Director, Global Risk Consulting , Risk Research and Quantitative Solutions at SAS on bank asset and liability management, including challenges around the aspiration of industry toward “integrated balance sheet management” as well as how COVID-19 and possible future regulation may impact this area.   Over the years, GARP and SAS have worked...

From Respond to Re-imagine – PART 2: Charting the journey forward for banking and risk management     In this episode, we continue our circle back with Naeem Siddiqi, Senior Advisor, Risk and Quantitative Solutions, SAS, to explore the effects of COVID-19 on banks and risk managers, six months out from our previous discussions.  GARP’s Robert Sales moderates this two-part discussion with Naeem, who is also joined by Alex Kwiatkowski - Principal Industry Consultant, Global Banking Practice,...

In this episode, we circle back with Naeem Siddiqi, Senior Advisor, Risk and Quantitative Solutions, SAS, to explore the effects of COVID-19 on banks and risk managers, six months out from our previous discussions. GARP’s Robert Sales moderates this two-part discussion with Naeem, who is also joined by Alex Kwiatkowski - Principal Industry Consultant, Global Banking Practice, SAS - to consider the current and potential post-pandemic impact of the coronavirus on credit risk, cyber risk,...

COVID-19 has resulted in significant decreases in demand for electricity, primarily due social distancing and quarantine policies. Glen Swindle, Managing Partner at Scoville Risk Partners, an energy analytics firm, joins us to take a deeper dive into the impact of COVID-19, and to look at other uncertainty factors driving electricity markets today. Glen will also discuss how markets may adapt to meet new challenges in this ever-changing field.

The pandemic has certainly had a significant impact on the third line of defense in risk management, presenting audit with significant challenges in areas like credit risk modeling, emerging risk evaluation, internal controls and remote working. In this podcast, Citi’s Chief Auditor for risk, Andy Blight, discusses the fallout from COVID-19, the changes Citi’s audit team made in response to the crisis, and the audit adaptations we may see post-pandemic.

The pandemic has had a dramatic impact on commercial real estate, greatly dimming the short-term attractiveness of big cities while triggering extremely high delinquency rates on CRE loans and skyrocketing office vacancies. In this podcast, we speak with Bob Lieber, executive managing director at Island Capital Group, about the repercussions of COVID-19, the differences between this pandemic and other crises, the work-from-home approach, the unique CRE investment opportunities yielded by the...

Clearly, the impacts of COVID-19 on banks globally are unprecedented and requiring huge pivots in a short time. Join us on this podcast where our experts discuss banking challenges, the impacts on balance sheet reporting, relationships with regulators, auditors and investors, what it all means for loan portfolios, the intersections with governments and supervisory authorities, and the implications for CECL during this critical year. For more resources on this issue from SAS  - click below: ...

We would like to thank our listeners for tuning in to our special subseries on COVID-19. We have had some fascinating and productive discussions and will surely continue to discuss this subject for a long time to come. We will, however, be easing from the weekly cadence on this subseries as we re-expand our coverage on other pressing elements of risk in finance and energy. We look forward bringing you more and more insights from thought leaders in risk over the coming months. Stay tuned.

In today’s episode, Jo Paisley, Co-President of the GARP Risk Institute (GRI), will be speaking with David Kelly, Co-Founder and Managing Director of Quant Foundry. Their conversation focuses on a collaborative endeavour between Quant Foundry and Imperial College London to model the impacts of COVID-19. In addition to the numerous insights around the financial risks being generated by pandemic, there will be direct discussion of how risk professionals can utilise this knowledge to inform...

Today, we welcome back Steve Durbin, Managing Director of the Information Security Forum (ISF), to discuss the evolving implications of data privacy in the face of our concerns around information pertaining to public health. Companies and employers are starting to collect and process new categories of potentially sensitive information about their employees, including whether they are displaying symptoms of the virus, the results of any COVID-19 testing and body temperature checks, and their...

Companies looking to expand globally might be hesitant to tap into new markets given how the business environment has changed so dramatically as a result of the pandemic. This moment in time is an inflection point for businesses to redefine their approach and strategy for global growth and a time to transform their old ways of doing such things as workforce planning, hiring. As CEO and co-founder of Velocity Global, Ben Wright helps companies to place the "new normal" in context for business...

Today’s chief risk officers must not only contend with the economic impact and shock of the pandemic but also manage complex challenges like racial violence, climate change, geo-political change and global supply-chain failure.  Robert Sales, GARP’s Editorial Director, speaks with Brenda Boultwood, former senior vice president and chief risk officer at Constellation Energy, and who has served as a board member at both the Committee of Chief Risk Officers (CCRO) and GARP,  about what issues...

The COVID-19 pandemic underscores the importance of environmental and social risk factors, as well as strong governance. Business structures are changing to become more resilient and sustainable, leading to a greater focus on G and S as companies align purpose with profits. In this podcast, Elena Philipova, Global Head of ESG Proposition at Refinitiv, discusses the primary gaps the current crisis has revealed and how incorporating ESG factors can mitigate risk.   For further insights from...

Shutting down the global economy in the age of Covid-19 was tough. Reopening is proving even harder. How should organizations continue operating in this new normal? What are best practices and lessons learned from past outbreaks including SARS, MERS, H1N1, H5N1, Zika, and Ebola, and other hazards. In this podcast, Chloe Demrovsky, President & CEO of the Disaster Recovery Institute, explores the ways in which professionals can better prepare for and respond to the next crisis. Disaster...

Continuing our theme from the last episode of the COVID series, in this special episode of the Climate Risk Podcast Series, host and Co-president of the GARP Risk Institute, Jo Paisley, is again joined by John Scott, Head of Sustainability Risk for the Zurich Insurance Group. Having briefly touched on some of the interconnections that exist between climate change and the ongoing COIVID-19 crisis in the previous episode, John has kindly returned to talk in more depth about this timely...

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.   This week we will be taking a look at the intersection between the COVID-19 crisis and risks around...

Insurance plays such an important role in how we collectively navigate risk and many insurance firms are already used to dealing with the extreme weather events that are being made worse and more frequent by climate change. It is therefore important that the experience and insights found within the insurance sector are brought to bear on the pressing task of managing climate risk.   In this episode, host and Co-president of the GARP Risk Institute, Jo Paisley, is joined by John Scott, Head...

The effects of COVID-19 spread to virtually every aspect of Hong Kong’s economy, impacting operational, credit and market risks at all types of businesses, including banks. Many companies, in fact, saw payments for goods from customers in the US and Europe grind to a complete halt. In response, the city’s central bank, the Hong Kong Monetary Authority (HKMA), enacted a series of measures to assist banks, small- to medium-sized enterprises (SMEs) and individuals.     In this podcast, Arthur...

We would like to thank our listeners for tuning in to our special subseries on COVID-19. We will be skipping this week due to the holidays, but will resume our weekly series on June 1st with an enlightening conversation with Arthur Yuen, Deputy CEO of the Hong Kong Monetary Authority, on The Economic and Risk Impact of COVID-19: How Hong Kong is Fighting the Pandemic. We hope everyone has a good and safe holiday, and we look forward to seeing you next week.

The current pandemic is having an enormous impact on the leveraged loan markets which until recently were priced to perfection. Bid-Ask spreads have widened dramatically, and leveraged loan indexes have fallen substantially. One of the biggest areas of concern is over collateralization of CLOs, particularly in the US. We would like to invite you to share your insights into these challenges facing the leveraged loan market and risks facing banks, asset managers and investors.   GARP is happy...

To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.   The economic fallout from the coronavirus pandemic – including crashing stock markets, plummeting oil prices and soaring unemployment – has resulted in significant credit issues at financial institutions across the globe. All of the uncertainty has not only raised questions...