In this episode of the GRU podcast, we are delighted to be joined by Ana Arsov, Global Head of Private Credit and Co-Head of Financial Institutions, and Scott Robinson, CFA, Associate Managing Director, Financial Institutions, of Moody’s Ratings to discuss the current landscape in Private Credit. The discussion begins with Ana outlaying the current state of the private credit market before detailing Moody’s role in the private market, who major investors are and what the outlook seems to be...

In this episode of the IIF Global Regulatory Update podcast, we host Lauren E. Semrad, a Partner at Cleary Gottlieb Steen & Hamilton, to provide an overview of and discuss the new Securities and Exchange Commission (SEC) central clearing rule for secondary UST cash and repo transactions. The episode begins with Lauren providing an overview of the new SEC rule, centered around key implementation considerations for Fixed Income Clearing Corporation (FICC) clearing members and other market...

In this episode of the IIF Global Regulatory Update podcast, we host Stuart Doyle, Principal, Global Financial Services at EY, to discuss findings from the inaugural IIF/EY Global Insurance Risk Management Survey. The discussion centers around the five major takeaways from the survey, which included nearly 70 institutions in the insurance sector: • What Chief Risk Officers (CROs) can do to engage in transformation and enable responsible risk-taking • How strong risk management can set...

In this episode of the IIF Global Regulatory Update Podcast, we host Paul Hiebert, Head of Systemic Risk & Financial Institutions Division at the European Central Bank (ECB) and Co-Chair of the ECB/ESRB Project Team on Climate Risk. The discussion centers around the recent ECB/ESRB report titled “Towards Macroprudential Frameworks for Managing Climate Risk,” which introduces a surveillance framework for assessing the impact of climate-related risks on the EU financial system. Opening...

In this episode of the IIF Global Regulatory Update Podcast, we host four McKinsey senior financial leaders - Justin Greis, Lamont Atkins, Soumya Banerjee, and Lauren Craig. All featured McKinsey speakers have vast experience and influence in the world of cybersecurity and emerging technology: Justin is a Partner leading cybersecurity work in North America within the Risk & Resilience Practice, Lamont is a Senior Advisor, Soumya is an Associate Partner, and Lauren is an engagement manager...

In this episode of the GRU Podcast, we are pleased to be joined by Shigeru Ariizumi, now Chair of the International Association of Insurance Supervisors (IAIS) Executive Committee, to discuss plans for the IAIS in 2024. Topics include finalizing the long-awaited Insurance Capital Standard (ICS) and strategy behind its implementation, importance of climate risk in the approach of the IAIS, integration of consumer protection and protection gap issues, the evolving role of private equity in...

In this episode of the GRU, we host three EY financial practice leaders to discuss findings from the 13th Annual IIF/EY Global Bank Risk Management Survey. We are pleased to be joined by Jan Bellens, Global Banking & Capital Markets Sector Leader, Tom Campanile, Americas Financial Services Risk Consulting Leader and Peter Davis, Americas Financial Services Markets & Solutions Leader. Discussion on the survey's findings include leading risks such as cybersecurity, geopolitics, and...

In this Episode of the GRU, we host Lesley Ritter, Senior Vice President, Cyber Credit Risk Group, at Moody’s Investors Service to talk about recent developments in the world of cyber risk.   The discussion features highlights from Moody’s recent Global Cross Sector Cyber Survey Report. This includes key takeaways, trends in cybersecurity talent, implementation variation across sectors, cybersecurity insurance, non-financial risks and more. During the podcast we also discuss the potential...

In this episode of the GRU, we host Simon Gleeson, a consultant at Clifford Chance who specializes in banking and financial markets law and regulation, clearing, settlement and derivatives, to talk about a variety of bank regulation and crisis management topics. The discussion hits on a variety of talking points, including notable recent bank failures, deposit insurance caps and their "moral hazards," stickiness of deposits and long-term loan approaches, potential changes in global...

In this episode of the GRU, we host John Ho, Global Head of Legal Financial Markets at Standard Chartered Bank, to discuss the topic of cryptoasset regulation. The discussion revolves around many key points, including the continuous development of regulation, the variation of pace in technological advancements by worldwide jurisdictions, signs of potential volatility in cryptoasset markets and evolution in regulatory framework within the cryptoasset realm.

In this episode of the GRU, we are joined by three collaborators from EY - Jan Bellens, Global Banking & Capital Markets Sector Leader, Bill Hobbs, Managing Director, Financial Services Consulting and Center for Board Matters and Chris Woolard, Chair, Global Financial Services Regulatory Network - to discuss key findings from the 12th Annual EY-IIF Global Bank Risk Management Survey. These findings include changes within how CROs view risks, risk interconnection, developments in...

In this episode of the GRU, we host Justin Greis, a McKinsey Partner whose specialties lie in cybersecurity, the cloud, technology strategy, and digital transformation. The discussion centers around the many challenges and developments in the cyber world, including assessing the present landscape within the industry, what emerging technologies may provide to organizations, how the development of quantum computing effects organizational planning systems and best practices within an...

In this episode of the GRU, we host Raf Hussain (Global Head of Strategic Planning and Stress Testing at HSBC) and Ben Carr (Analytics and Capital Modelling Director at Aviva) to discuss an important area of public/private research and policy analysis within sustainable finance – the relationship between climate-related risks and the capital framework. The discussion covers key topics including the role of microprudential and macroprudential policy, climate scenario analysis and stress...

Mary Frances Monroe and Emran Islam discuss: trends in and recommendations for regulatory and supervisory approaches to cybersecurity, private/public sector collaboration and engagement, and harmonization of cybersecurity standards and requirements to reduce fragmentation

In this episode of the GRU, we host Stephen Scott, Founder and CEO of Starling Trust Sciences to discuss their 2022 Compendium on Culture and Conduct Risk in the Banking Sector.

In this episode of the GRU, we host José María Roldán, former Chairman and CEO of the Spanish Bankers Association (and former Director General of the Bank of Spain) to reflect on his experience as a former regulator and representative of the banking industry and discuss the evolution of global regulatory policy over the last 10 years. We examine with José María the role of the Basel Committee, the finalization and implementation of Basel 3 and the current policy trends in the area of climate...

In this episode of the GRU, we discuss the use and value of Cyber Risk Ratings, with Derek Vadala, who is Chief Risk Officer at BitSight in New York. We discuss the current threat landscape and how cybersecurity ratings and analytics help organizations manage their own security performance, mitigate third party risk, underwrite cyber insurance policies, conduct financial diligence, and improve national security. Derek also shares tips and effective practices for firms wanting to improve their...

In this episode of the GRU, we discuss the growing problem of Ransomware, and what to do about it, with Erez Liebermann, who is a Partner at Linklaters in New York, where he is Co-Chair of their U.S. Data Solutions, Cyber and Privacy Practice. We discuss the current threat landscape, including the role of Russia, how firms are defending themselves, and the importance of working closely with law enforcement, as well as how regulators are approaching this issue.

In this episode of the GRU we host Jason Harrell, Managing Director and Head of External Engagement at DTCC in New York, where he leads the firm's global advocacy and engagement for cybersecurity and cyber resilience, new and emerging technology, and outsourcing/third-party risk management. We discuss how firms approach Third Party Risk Management, the increased regulatory focus, and how it intersects with Operational Resilience, Cyber Security and Third Parties and Outsourcing.

In this episode of the GRU we host Doug Elliott, Partner at Olyver Wyman, to discuss the main policy issues in the world of finance in 2022. Among others, we discuss with Doug the policy implications of the global inflationary environment, including potential asset bubbles; developments on climate policy, including scenario analysis, stress testing and other regulatory responses; and key trends regarding crypto assets, including central bank digital currencies.

EY financial practice leaders Sonja Koerner, Chris Woolard, and Mark Watson spoke with Martin Boer of the Institute of International Finance to discuss the most interesting findings of the 11th EY-IIF 2021 Report on Global Bank Risk Management Priorities. For the first time since the survey’s inception over a decade ago, climate change tops the list of long-term risks for banks. The podcast analyzes the reasons for this development, as well as key considerations and opportunities for banks...

Hitoshi Mio, Head of Financial System Research Division Financial System and Bank Examination Department within the Bank of Japan, joins Katie Rismanchi and Takahiro Iwamoto of the Institute of International Finance (IIF) to share the Bank of Japan’s perspectives on the financial stability outlook.

Leroy Terrelonge, AVP-Cyber Risk Analyst, and Lesley Ritter, VP-Senior Analyst, of Moody’s Investors Service join Martin Boer of the Institute of International Finance (IIF) to discuss the cyber security outlook for the financial sector.

Jason Harrell, Head of External Engagement at The Depository Trust & Clearing Corporation (DTCC) in New York, joins Martin Boer of the Institute of International Finance (IIF) to discuss Financial System Resilience. In the discussion, Harrell touches on how the COVID-19 pandemic has impacted working, cyber risk, operational resilience, and how financial services will likely be conducted in the future.