So long as the costs associated with non-financial risk are recognized retroactively, they can be waived off as a "cost of doing business". However, as firms adopt cultural and behavioral metrics to price non-financial risk proactively expectations will shift to forecasting and mitigating them, to the benefit of investors, insurers, regulators, and other stakeholders.
Observations
Jul 27, 2023In a speech at the Bipartisan Policy Center earlier this month, Michael Barr, Vice Chair for Supervision at the US Federal Reserve Board, discussed the Fed's recent holistic review of capital for large banks, and how he is looking to reform supervision in the wake of recent bank failures.
Compendium
Jun 07, 2023Observations
Sep 19, 2022Observations
Sep 13, 2022Earlier this month, Starling Founder & CEO Stephen Scott was invited to present at the "Online Course on Evaluation of Culture and Conduct Risk, which was hosted by the South East Asian Central Banks (SEACEN) Research and Training Centre and the Deutsche Bundesbank. ... cont
by Richard Spencer, Timothy O'Neill
Compendium
May 15, 2022by Gary Cohn, Keith Noreika, Barbara Novick
Compendium
May 15, 2022by Bob Wardrop
Compendium
May 15, 2022
