

Reduce the cost of compliance
Causal Capital will be delivering an Anti-Money Laundering Risk Profiling Masterclass in Singapore and Jakarta that passes across to attendees an online compliance database to help AML teams improve the coverage and effectiveness of their compliance programs [LINK]. The annual Thomson Reuters report for the cost of compliance is out and from a budget, knowledge, resource and requirements perspective, the picture is looking rather bleak in the banking sector. Costs are expecte


Systemic Risk and Fragility Part II
Causal Capital is hosting an advanced ERM masterclass in Dubai and we will demonstrate more of these models during that program [LINK]. In the previous article on Systemic Risk and Fragility Part I [LINK], we explored the reasons why enterprise risk management teams should develop a solution for assessing systemic risk. We also discussed how risk management can improve their 'resilience likelihood' from the effects of different systemic shocks, if management teams are able to


Systemic Risk and Fragility Part I
Causal Capital is hosting an advanced ERM masterclass in Dubai and we will demonstrate these models during that program [LINK]. A recent publication from the International Monetary Fund aimed at inspecting the overall fragility of the interconnected banking sector has Deutsche Bank at the centre of the Systemically Important Banks. When it comes to a network of threats, the entire banking system appears to be fragile to a handful of nodes and in this case, many of those roads

The Dark Ages of Risk Management
"Risk management used to be a science then it became an art, now it's just bullsh@t" writes Alexei Sidorenko [LINK] in his wonderful posting. I personally agree with him, Enterprise Risk Management is off the rails and the focus at the moment seems to be directed on chasing fads rather than pragmatically assessing and responding to risk. All this said, I don't believe risk management has entered the dark ages, well not quite yet. Mind you, the new SMA operational risk proposa