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WIFE Week in risk (September 23rd)

David Harper CFA FRM

David Harper CFA FRM
Staff member
New Practice Questions
New YouTube
In the forum

Financial Crisis Anniversary
Risk and banking
  • Danske Bank money laundering 'is biggest scandal in Europe' https://trtl.bz/2Oa7CRw
  • A 6-Part Tool for Ranking and Assessing Risks (aka, CARVER) https://hbr.org/2018/09/a-6-part-tool-for-ranking-and-assessing-risks
  • Moody’s Pegs Florence’s Economic Cost at $38 Billion to $50 Billion https://trtl.bz/2O1R5PP
  • Libor Replacement Carries Risk for States and Cities, Group Says https://trtl.bz/2O5s463
  • Analysis: How data breaches affect stock market share prices (2018 update) https://www.comparitech.com/blog/information-security/data-breach-share-price-2018/
  • Mapping 500 Trillion Dollars of Insured Exposure http://www.rms.com/blog/2018/09/19/mapping-500-trillion-dollars-of-insured-exposure/ "RMS has just completed a two-year exercise documenting all the different types of insurance that are available in the market and a classification system for all the assets that they protect. This is published as a data definitions document v1.0 as a standardized schema for insurance companies to have a consistent method of evaluating their exposure."
  • The Risk of Derivatives Isn’t Gone. It’s Merely Morphed (Satyajit Das) https://trtl.bz/2xiz1am For FRM candidates, this is an excellent summary of CCP waterfall and its risks: "If a counterparty fails to meet a margin call, its positions are closed out, with the pool of already-provided deposits applied to its losses. If the amount held is insufficient, the clearing house covers losses from three possible sources, in a prescribed order: its own capital; contributions from non-defaulting members; or assessments against clearing members to inject additional funds. The hierarchy of risk-bearing resembles the loss-absorbing capital layers in a collateralized debt obligation, the problem child of 2008."
New books
  • [book] Credit-Risk Modelling: Theoretical Foundations, Diagnostic Tools, Practical Examples, and Numerical Recipes in Python https://amzn.to/2xNY7O2
  • [book] Agricultural Risk Transfer: From Insurance to Reinsurance to Capital Markets https://amzn.to/2DoL0Zn
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