Crisis management: the last line of defence
The Financial Times published an article of Dr Evgueni Ivantsov, the Chairman of the European Risk Management Council, “Crisis management: the last line of defence”. In the opinion piece, Dr Ivantsov highlights that we should consider crisis management as one of the most fundamental, and important, elements of modern risk management. Yet, for years, this area has not received as much attention from top management and regulators as it deserves.
Please read the article here
_____________________________________________________________________________
Risk Landscape Review – June 2024
The European Risk Management Council has published the Q2 2024 Risk Landscape Review. This publication focuses on updating the Risk Sentiment Index (RSI), an expert-driven, forward-looking index that captures the expectations of Chief Risk Officers and other risk executives regarding the risk landscape of the financial sector in the next 12 months. The European Risk Management Council conducted RSI surveys simultaneously in the UK and the US. This enables us to conduct a comprehensive comparison of respondents’ risk perceptions in two countries, including their perspectives on top risks and potential future risk trends.
Please download the Q2 2024 edition of the Review from our Resource Centre.
_____________________________________________________________________________
The Americas Risk Management Council has been launched
The European Risk Management Council has launched of its new regional chapter – The Americas Risk Management Council (ARMC). This strategic expansion marks the Council’s third regional chapter complementing its existing European and Asia-Pacific divisions. The ARMC’s inaugural meeting took place in New York on 25 October 2023. The launch of ARMC will allow to expand Council’s network which already includes more than 250 banks, insurers and other financial institutions and enhance effective cross-regional sharing of industry’s best practices in risk management and compliance among Europe, Americas, and Asia-Pacific.
_____________________________________________________________________________
Going digital has transformed systemic risk
Dr Evgueni Ivantsov wrote his opinion piece on systemic risk, which was published by Financial Times’ Banking Risk & Regulation. In the article, he expresses a concern about emerging systemic “fault lines” due to the rapid digital transformation that has taken place in recent years. Alongside the well-known tech risks in the areas of cyber security and IT resilience, there is a potential for an unnoticed accumulation of systemic risk driven by digital transformation and arising from hidden concentrations, structural changes within industries, increasing interconnectedness, and model risks.
Please read the article here
_____________________________________________________________________________
Three Lessons for Risk Managers and Regulators from SVB’s collapse
Dr. Evgueni Ivantsov, Chairman of the European Risk Management Council, authored an article titled “Three Lessons for Risk Managers and Regulators from SVB’s Collapse.” The article was recently published by the Financial Times’ Global Risk Regulator. Drawing from an analysis of SVB’s fiasco, Dr. Ivantsov proposes significant improvements to current risk management and regulatory practices. These enhancements aim to prevent similar banking failures in the future.
Please read the article here
_____________________________________________________________________________
Where are the opportunities for banks?
Dr Evgueni Ivantsov, the Chairman of the European Risk Management Council, contributed to the recent publication of the Banker magazine. The magazine invited Dr Ivantsov to share his view on challenges, priorities and opportunities for banks. Other members of the expert panel who contributed to the publication were Tim Adams, President and CEO at Institute of International Finance (IIF) and former Under Secretary for International Affairs at US Treasury, Alicia García-Herrero, Chief Economist for Asia Pacific at Natixis, James Longsdon, Global Head of Banks at Fitch Ratings, and Sam Theodore, Lead Portfolio Manager at BlackRock.
Please read the article here
_____________________________________________________________________________
See below the most recent Council’s think tank meetings:
