Steve Marlin
RiskNet
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Past articles by Steve:
ECL model forecasts are off-target, researchers find
Anticipated slowdown will be first major test for new generation of expected credit loss models → Read More
Covid chaos spurs on search for model risk aggregation
Many models failed in pandemic, but analysing them in clusters easier than whole-bank view → Read More
In roiling markets, fraud rises. Banks want to understand why
Disruption from Ukraine and Covid puts managers on alert for misconduct, as risk controls are stretched to the max → Read More
Banks: sanctions evasion driving rise in money laundering risk
Attempts by oligarchs to siphon cash out of Russia sparks heightened scrutiny of AML alerts → Read More
Russia sanctions put spotlight on banks’ dirty laundry
As punitive measures against Moscow increase, so do the risks to banks from financial crime → Read More
Clouding the issue: blurred lines divide banks and servicers
Banks clash with big three cloud service providers over data security and configuration errors → Read More
EBA warns banks over loan-loss model tinkering
Senior executive says methods of adjusting IFRS 9 models to “smooth” outputs should be investigated → Read More
Banks seek greater clarity from regulators on cloud risk
Regulators are reluctant to specify cloud risks, despite warning of overreliance on three big providers → Read More
Show, don’t tell, on op resilience – Fed examiner
OpRisk North America: banks warned of “disconnect” between theory and practice → Read More
Banks and Fed still stuck on cyber loss data sharing
OpRisk North America: Fed “trying to understand the best way to leverage cyber data,” says Curti → Read More
More banks flirt with machine learning for CCAR – but risks persist
Superior computational grunt of neural networks is attractive to lenders. Lack of explainability is the downside → Read More
ECB’s stress capital buffer still a ‘black box’ – banks
National regulators retain wide latitude to set Pillar 2 Guidance under new rules → Read More
Banks face explainability challenges for AML models
Data gaps and potential biases must be accounted for in approaches to tackling money laundering → Read More
Stress capital buffer may delay buy-back announcements
Banks with capital ratios more sensitive to CCAR may rethink how they communicate distributions → Read More
Special K-factors: new buy-side capital regime sized to fit
Overhaul of capital regulations could hit European investors’ op risk capital calculations → Read More
US regulators seek to tighten cyber incident reporting
New federal rule, mindful of Covid, will force firms to report serious incidents within 36 hours → Read More
Nordea Asset Management CRO – a ‘controls freak’ meets Covid
A firm grip on checks and balances amid pandemic chaos has kept risks within tolerances → Read More
Regulators voice concerns over cloud risk
Risk USA: failure of big cloud service provider could cause “a very large shock”, says NY Fed exec → Read More
Banks welcome US overhaul of AML rules
Proposals signal shift to risk-based approach to financial crime detection → Read More
Big buy-side firms seek better model risk disclosures
Working group building standardised disclosure doc for managers and vendors → Read More