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U.S. Property-Casualty: Underwriting Cycle Modeling and Risk Benchmarks Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 The risk benchmarks and underwriting cycle models presented in this paper can be used by insurance firms in their own risk …

Conduct Risk When Compliance Becomes A Game Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 This whitepaper explores contrasting views of risk and the various categories of compliance games, to explain why many conduct risk controls have …

Conduct Risk - Developing and Maintaining an effective framework Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 The Conduct of Business rules, (including COBS, ICOBS, MCOB and BCOBS sourcebooks) provide specific requirements which firms must meet; …

Conduct Risk- An ever growing area of focus for the FSA Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 This article looks at the key components of Conduct Risk today, which are namely: - TCF as the back-drop - The FSA Core Conduct Programme core …

Model Behavior: Adopting an Enterprise Approach to Model Risk Management Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 As model complexity and regulatory scrutiny increases, organizations are looking for new ways to effectively manage and …

Model Risk and Its Control Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 In this paper, we analyze model risks separately in pricing models and risk measurement models as follows. (1) In pricing models, model risk is defined as the risk arising …

Model risk mitigation and cost reduction through effective design Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 The purpose of this paper is to shed light on how certain design choices in the model development process - in particular, choices in …

Model risk mitigation and cost reduction through effective documentation Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 This, A Closer Look, is the second in a series providing recommendations on mitigating model risks and improving the efficiency …

Model Risk of Risk Models Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 This paper evaluates the model risk of models used for forecasting systemic and market risk. Model risk, which is the potential for different models to provide inconsistent …

New Supervisory Guidance on Model Risk Management Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 It has been over ten years since federal regulators issued the first guidance to the banking industry on managing model risk through independent …

Liquidity Risk and Contagion Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 This paper explores liquidity risk in a system of interconnected financial institutions when these institutions are subject to regulatory solvency constraints and mark …

Catastrophic Shocks in the Property-Liability Insurance Industry: Evidence on Regulatory and Contagion Effects Submitted by TheSecretariat on Wed, 29/07/2015 - 13:30 Natural disasters are conjectured to have two opposing effects on insurance firm values: …