A data center glitch at the heart of the world’s futures markets offered a big reminder Friday that even the most sophisticated financial systems can hinge on something as ordinary as indoor temperature.
In this article, Norman Marks looks into why so many organizations continue to operate with ineffective risk management programs, even while acknowledging the consequences. Drawing on industry survey data and decades of experience, he explores how boards and CEOs often settle for compliance-driven approaches that fail to support decision-making, and why meaningful change must start at the top.
Federal banking regulators signed off Tuesday on a rule they say will help large banks stay active in lower-risk markets, especially the critical plumbing of U.S. Treasury trading, without being boxed in by leverage rules that weren’t designed for those activities.
In this article, Graeme Keith expands on the evolving terrain of quantitative risk modeling, charting how ambiguity, complexity, and scope shape the decisions organizations must make in uncertain environments. Building on his earlier work on modeling uncertainty and enterprise-scale decision making, Keith explores the fundamental axes that define the mathematical landscape, unpacking how trends, structural uncertainty, instability, and nonlinear dynamics challenge traditional approaches while revealing where established methods still hold power and where new paradigms are essential.
Australia’s financial system is in solid shape, but far from storm-proof. That’s the message from the Australian Prudential Regulation Authority’s first System Risk Outlook report, released on Thursday, which sets out how global tensions, housing vulnerabilities and growing interconnections across the system are shaping APRA’s priorities.
Switzerland’s financial supervisor is warning that the country’s financial centre is heading into 2025 with a risk landscape that is more complex, more interconnected, and more difficult to navigate than in previous years. In its newly published 2025 Risk Monitor, FINMA highlights a mix of geopolitical uncertainty, technological fragility, and persistent real estate pressures that, taken together, are shaping a more demanding environment for institutions across the sector.
In this article, Graeme Keith explores how enterprise leaders can move beyond traditional risk matrices and adopt a simple, quantitative approach to modeling operational risk across complex organizations. By breaking down how to structure uncertainties, estimate losses, align assessments with decision-making, and aggregate risks into meaningful enterprise-wide insights, he illustrates how even basic quantitative inputs can transform the usefulness and credibility of enterprise risk management programs.