Expert Comments on Risk Accounting

The paper “Risk Accounting – The risk data aggregation and risk reporting (BCBS 239) foundation of enterprise risk management (ERM) and risk governance” was published in two separate editions of the Journal of Risk Management in Financial...

Risk Accounting & Economic Profit – CFO.com Article

If CFOs were to be asked what keeps them awake at night, their answer is likely to be “unexpected losses”. There can be no worse experience for a CFO than to have to explain to the CEO, the board, the media and, in extreme cases, in congressional or...

Risk Accounting Featured on CFO.com

Conventional ERM systems are generally assessment based and, consequently, they typically report results via an assessment metric often based on three colors: red, amber, and green. The managerial usefulness of such systems is limited for a number of reasons: first,...

BCBS 239, Heightened Standards and Operational Risk – GARP Article

In a March 2016 GARP Risk Intelligence article, Risk Governance: Across the Three Lines, authors from KPMG commented on the U.S. Office of the Comptroller of the Currency’s Heightened Standards for large financial institutions and delivered a call to action: “It’s...

The Global Risk Regime: New Roles for Auditors – GARP Article

In the aftermath of the financial crisis, the G20’s Financial Stability Board invited auditors to play a more prominent role in assisting the FSB in its mandate to stabilize the global economy. Also, the Basel Committee on Banking Supervision issued new requirements...

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