Message from the Chairman
It’s almost 20 years ago that I was asked by the Chase Manhattan Bank’s COO, Rick Mangogna, to form and lead a team with a mission to design and implement a risk reporting framework for global operations. We soon understood that achieving our mission depended on the...Where Next with Operational Risk? – GARP.org article by Peter Hughes
Where Next with Operational Risk? Observation and measurement issues pose continuing challenges As a researcher, I spend a good deal of time reading academic papers. One recently came into my hands written by an eminent group of academics and practitioners on the...The Chessboard of OpRisk Regulatory Capital
The battle for control over the op risk regulatory capital agenda has been fascinating to watch, rather like a game of chess. So, what happened on the regulatory chessboard? Here’s a summary: The banks played white and opened with the ‘regulatory capture’ gambit. In a...We are delighted to announce the appointment of Dr. Colin Lawrence as a member of the Risk Accounting Standards Board (RASB)
Dr. Colin Lawrence - Member of the Risk Accounting Standards Board We are delighted to announce the appointment of Dr. Colin Lawrence as a member of the Risk Accounting Standards Board (RASB). Colin is currently on the Board of OSTC Ltd where he chairs the Risk and...A View from the Chairman
Our mission “to position Risk Accounting as the universally adopted method of identifying, quantifying, aggregating, and reporting all forms of non-financial risks” is unquestionably ambitious. Indeed, we are constantly reminded of the challenges we face. For example,...The Rise of a Complexitocracy
The Rise of a Complexitocracy Can accounting help restore simplicity and comparability to financial and risk reporting? Published by Peter J. Hughes on GARP.org (Fri., Jly 31st, 2020) “Complexitocracy” is not in the dictionary. But maybe it should be. If it were, the...Is accounting to blame for the pandemic?
Is accounting to blame for the pandemic? by Peter j. Hughes, published by PRMIA in the July 2020 issue of “Intelligent Risk” Banks and airlines have something in common: they both have the potential to transform an isolated and sometimes freak event into a...Protected: Risk Accounting Standards for Review
Password Protected
To view this protected post, enter the password below: