GARP Risk Podcast

Continuing our theme from the last episode of the COVID series, in this special episode of the Climate Risk Podcast Series, host and Co-president of the GARP Risk Institute, Jo Paisley, is again joined by John Scott, Head of Sustainability Risk for the Zurich Insurance Group. Having briefly touched on some of the interconnections that exist between climate change and the ongoing COIVID-19 crisis i...

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.   This...

Insurance plays such an important role in how we collectively navigate risk and many insurance firms are already used to dealing with the extreme weather events that are being made worse and more frequent by climate change. It is therefore important that the experience and insights found within the insurance sector are brought to bear on the pressing task of managing climate risk.   In this episod...

The effects of COVID-19 spread to virtually every aspect of Hong Kong's economy, impacting operational, credit and market risks at all types of businesses, including banks. Many companies, in fact, saw payments for goods from customers in the US and Europe grind to a complete halt. In response, the city's central bank, the Hong Kong Monetary Authority (HKMA), enacted a series of measures to assist...

We would like to thank our listeners for tuning in to our special subseries on COVID-19. We will be skipping this week due to the holidays, but will resume our weekly series on June 1 st with an enlightening conversation with Arthur Yuen, Deputy CEO of the Hong Kong Monetary Authority, on The Economic and Risk Impact of COVID-19: How Hong Kong is Fighting the Pandemic. We hope everyone has a good...

The current pandemic is having an enormous impact on the leveraged loan markets which until recently were priced to perfection. Bid-Ask spreads have widened dramatically, and leveraged loan indexes have fallen substantially. One of the biggest areas of concern is over collateralization of CLOs, particularly in the US. We would like to invite you to share your insights into these challenges facing...

To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.   The economic fallout from the coronavirus pandemic – including crashing stock markets, plummeting oil prices and soaring unemployment – has resulted in significant credit issues at fin...

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts.   In a...

COVID-19 is having a dramatic impact on the nature of market, credit, financial, and operational risks facing companies. Information about these risks is evolving at a rapid pace. To help risk managers stay informed of the latest developments and address the challenges associated with COVID-19, GARP has launched a podcast series featuring lively discussions with thought leaders and experts. Our fi...

Welcome back to GARP's Climate Risk Podcast Series. Through the course of this series we will be bringing you insights from those working at the cutting edge of climate change. We will be joined by regulators, business leaders and risk practitioners who will help us build up a holistic view of the risks and opportunities that climate change poses and explore how this might affect you in your day t...

Welcome to the first episode of GARP Podcasts Climate Risk Series. Through the course of this series we will be bringing you insights from those working at the cutting edge of climate change. We will be joined by regulators, business leaders and risk practitioners who will help us build up a holistic view of the risks and opportunities that climate change poses and explore how this might affect yo...

A new report from the Financial Reporting Lab of the UK Financial Reporting Council (FRC) reveals that companies are falling short of investors' expectations for clearer reporting on climate-related issues. It notes that while reporting on climate change is an evolving practice, investor expectations are changing rapidly. The Financial Reporting Lab of the UK Financial Reporting Council (FRC) rece...

In this episode, GARP Executive Editor, Robert Sales, speaks with Brenda Boultwood, a former CRO and a current Risk Advisory Partner at Deloitte, about the core components of a well understood risk management program, including: framework, policy, taxonomy, methodology and reporting. How can a company develop these integral risk management building blocks, and how do they fit together? Click here...

According to a new report from BCS Consulting , more than a third of the world's top 75 banks have still not declared their support for the Task Force on Climate-related Financial Disclosures (TCFD), an initiative to get companies to disclose clear comparable and consistent information about the risks and opportunities presented by climate change.   In this episode, GARP Risk Institute Co-Presiden...

On this episode we are so pleased to welcome: Hillary Ackerman, former CRO, Goldman Sachs Bank, now retired, and the boards of Dynegy Inc, Hartford Funds, Credit Suisse USA, and Vistra Energy Craig Broderick, former CRO, Goldman Sachs Mark Hughes former CRO at RBC Chris Van Buren,  CRO-Financial Risk, TIAA-CREF Anna Aster, Principal, Heidrick and Struggles Moderated by GARP's own Michael Sell.   W...

GARP's new podcast with SAS, The New Age of Risk Analytics , features an episode focusing on the new insurance accounting standard, IFRS 17, which may have broader implications for risk managers - whether you are in insurance or not - than might be realized.   David Anderson, Advisory Director, Risk Consulting at KPMG US and Bryce Ehrhardt, Director, Accounting Advisory Services at KPMG US discuss...

Sweeping changes to regulations and accounting standards, breakneck advances in technology and the emergence of innovative competitors are upending the traditional business model. To adapt to this new environment, risk and finance infrastructures must evolve. Over the years, GARP and SAS have worked together to bring risk practitioners unique insights on a variety of topics related to financial ri...

As a cyber risk management adviser to public- and private-sector organizations, Coalfire  has a firsthand perspective on information security challenges, how they are evolving, and best practices for compliance and controls. CEO Tom McAndrew discusses the current threat environment; security implications of new technologies such as the cloud; and what the Coalfire Penetration Risk Report  says abo...

Risk managers' role "involves two related but fundamentally different tasks," David M. Rowe  writes in An Insider's Guide to Risk Management . Rowe expounds on these tasks – avoiding a "death of a thousand cuts" in normal market conditions, and protecting firms from the potentially lethal impact of catastrophic events – with insights from a 40-plus year career in economic forecasting and risk mana...

In 2015, Paxos  (then known as itBit) became the first firm active in the emerging digital asset and blockchain business to obtain a New York State trust company charter. Recent milestones include the launch of the  Paxos Standard  "digital dollar" token and INTL FCStone's adoption of the  Paxos Confirmation Service  in the precious metals market.  In this podcast, co-founder and CEO Charles Casca...

Christine Todd Whitman, former Governor of the State of New Jersey and former Administrator of the EPA (2001-2003), shared her perspectives about creating common ground in communicating climate risks.   "We are making gestures that seem to be industry friendly, but are we all–industry included–going to pay a very high price for the consequences," Governor Whitman said. She added that environmental...

At Citibank, David X Martin ( http://davidxmartin.com/ ) developed one of the first comprehensive enterprise risk management processes. While with AllianceBernstein, he was the founding chairman of the Investment Company Institute's Risk Committee. Drawing on his lengthy career as a risk management executive, consultant/adviser, author and educator, Martin reflects on the state of the risk profess...

Fully in effect as of May 25, 2018, the far-reaching data security and privacy provisions of the European Union's General Data Protection Regulation are no longer hypothetical for risk managers and compliance officers. In this podcast, Information Security Forum   managing director Steve Durbin discusses the corporate world's state of preparedness as it approaches the ongoing financial, operationa...

Fabio Natalucci, Deputy Director of the Monetary and Capital Markets Department at the International Monetary Fund, discusses the April 2018 Global Financial Stability Report (GFSR) . A bumpy road ahead could put growth at risk in the medium term, both because short-term financial-stability risks have increased, and because financial vulnerabilities have built up over the years. Natalucci discusse...

Jeh Johnson, former U.S. Secretary of Homeland Security, speaks with Jeremy Davis, VP, Media and Event Producer, GARP about the new age of risk. The risk landscape that we now face is one in which emerging and non-traditional risks intersect to create exponentially complex threats to global stability. That's where Secretary Jeh Johnson comes in, as he has built his career managing the most complex...