"Unifying risk and regulation" series :
Evolution of regulation - and integration with risk
| Date : | This event took place on 25th March 2010 |
Read Event Summary here (345.04 kB)
Each quarter FRSGlobal CoR²Experts present the results of ongoing research into the increasing demand for the results of risk management (in particular stress-testing) in reports to the local regulator(s) and the difficulties firms are encountering to meet these new demands.
Post financial crisis, firms are facing a new dawn in the way they are overseen by regulators. No longer can retrospective information be generated and filed at the end of the month – more frequent, forward-looking, risk-based reports are the watchwords on the lips of regulators around the world. But with so many disparate IT systems present within the middle- and back-office, can firms live up to what is expected of them and provide the required consolidated information?
Adherence to what is essentially a regulatory paradigm shift is a real and present concern facing firms the world over. To tackle the nuances of what is required on a firm-by-firm basis would be a gargantuan task – but by looking at the bigger picture – in particular at the principles behind what has happened before and what is happening now – a far more vivid perspective can be gained.
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Evolution of regulation - and integration with risk
This webinar (25th March) was the 1st in the series of 4 "Unifying risk and regulation" webinars being held throughout 2010 and looked at the trajectory of regulation in a historic perspective to its current position. The salient features of a system capable to support the current regulatory drive will then be outlined. The final section discussed how standardised financial contracts are pivotal to this system. Highlights included:
- The rise of systemic risk regulation
- The importance of the stress tests during the height of the crisis and
- Regulation now enforces the standardisation of derivative products
Read comment piece "Increasing regulatory burden and inclusion of risk-based information" »
Read FX&MM Editor's interview "A question of convergence" »
Presenter: Dr Willi Brammertz
Senior Risk Advisor, FRSGlobal - Zurich
Willli Brammertz said: "Regulators have moved from being custodians of simple backward-looking balance sheet ratios to active forward-looking global risk managers, a trend expected to be enforced in the future. A basic management maxim states that you cannot manage what you can’t measure. Therefore, any casual bystander in seeing such a paradigm shift would expect drastic changes in measurement methods, similar to the changes that happened in the risk management departments of banks during the last two decades. However, little has happened in this respect."
Will Brammertz is the author of "Unified Financial Analysis: the missing links of finance".
Find out more about his book here »
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Attendees automatically receive a summary of the webinar, complete with results of on-line polls and questions submitted during the Q&A session, the PowerPoint slides used during the presentation, and a link to a recording of the webinar.
