Strategic errors and how to better manage them were the center of the discussions during a full day after the Error Management Conference in Brussels in May, 2016. The Baillet-Latour research Chair in Error Management at the Solvay Brussels School of Economics and Management has just released a report of this Summit: “From Wrong to Right”.
The flood of new regulations misses the root cause of the economic crisis, feels Clifford Rossi of American Banker, namely “a pervasive lack of effective risk governance among key financial market participants”. In a short but concise overview of several clear examples, he demonstrates that date regulation so far has had a limited effect on ensuring that the most critical aspects of effective risk governance are in place.
The 15th meeting of the Belgian Financial Research Forum (BFRF) took place on May 10, 2016 at the National Bank of Belgium in Brussels. The forum provides junior and senior researchers with a great opportunity to present and discuss ongoing research in different fields of finance.
Goldman Sachs’ alternative asset management unit is selling stakes in five of its hedge funds to Affiliated Managers Group, an acquisitive “multi-boutique” asset manager that has grown rapidly by investing in other money managers.
Sean Healey, AMG chief executive, admits that it is difficult to know the forward direction of financial markets, but prepares for periods of volatility and distress.
Insurance industry must assume a greater risk management role, according to Willis Towers Watson UK CEO Nicolas Aubert.
Have you got what it takes to rise to the challenge?
‘Digital risk needs to be a priority for boards, regulators and policy makers’, points out Scott Vincent in his introduction to the Parker-Fitzgerald Quarterly Outlook Banking Risk in the Digital Age. This report focuses on the emergence of FinTech and the impact of digital transformation on both the banking sector and the risk management function.
For more information on events and resources, check out the European Risk Management Council.