The Long Road to BCBS 239 – Are We There Yet?

Richard BennettBasel, BCBS239, FRC WorkbenchLeave a Comment

The long road to BCBS 239

When the Basel Committee on Banking Supervision unveiled the BCBS 239 principles for risk data aggregation and risk reporting (RDARR) back in January 2013, its ambitious nature sparked controversy within the financial industry. The stringent requirements and significant changes it demanded, particularly for institutions with complex and fragmented data systems, raised concerns about practical implementation. On top of this, the … Read More

Basel Guidelines: Diving into the Four Counterparty Credit Risk Components 

Richard BennettBasel, Credit Risk, Stress TestingLeave a Comment

Counterparty Credit Risk

In a world where market turmoil and systemic risks are pervasive, effective counterparty credit risk management (CCR) becomes increasingly vital. Recent events, such as the collapse of Archegos Capital Management which caused over $10 billion in losses, commodity market volatility after Russia’s invasion of Ukraine in 2022, and UK gilt market disruption in late 2022 and early 2023, have underscored … Read More

ISDA Insights from Afar: Examining Key Agenda Items

Richard BennettBasel III, Credit Risk, ECL, Enterprise Risk Management, Market Risk, RegulationLeave a Comment

ISDA blog

The International Swaps and Derivatives Association (ISDA) annual general meeting takes place in Tokyo this week. The event serves as a platform for insightful discussions, strategic collaborations, and the exchange of ideas surrounding the latest trends, challenges, and innovations in risk management. While we couldn’t be in attendance this year, several agenda items caught our eye which compelled us to … Read More

Exploring the Global Impact of the 2023 US Banking Crisis

Richard BennettBasel III, BCBS239, IRRBB, Market Risk, RegulationLeave a Comment

US banking crisis blog image

It is around a year since Silicon Valley Bank, Signature Bank, and First Republic failed, and while its effects were by no means as far reaching as those in the global financial crisis over 15 years ago, it has sent substantial repercussions throughout the industry, its regulators, and governing bodies. Here, we take a look at some of the global … Read More

Client Testimonial – The Treasury Corporation of Victoria

Richard BennettCredit Risk, ESG, FRTB, Liquidity Risk, Market Risk, Stress TestingLeave a Comment

Client Testimonial: TCV

The Razor™ Platform (Razor) provides an end-to-end Risk Management, Control and Reporting solution for many organisations from financial services to corporate treasury markets operations. Razor was originally developed to assist financial institutions with the integration of market and counterparty risks in their trading books. This later expanded to include credit and liquidity risk as well as regulatory calculations as required … Read More