Global Association of Risk Professionals (GARP)

GARP Risk Institute President Jo Paisley is speaking at the next Women in Climate on March 27. A Swiss Re and Fathom event, this Women in Climate gathering is an unmissable opportunity to celebrate achievements, share insights, and create real change. More information can be found here: https://hubs.ly/Q039nsbW0 #climaterisk #climatechange #riskmanagement

Banco Santander – U.S. Footprint Continues to Grow The Wall Street Journal carried a story on March 17 related to Spain’s Banco Santander and its planned retail expansion in the U.S. to become a full-service digital bank. Banco Santander gained a foothold in the U.S. in 2009 with the acquisition of USD 63 billion Sovereign Bancorp and is today one of the top 5 foreign banks operating in the U.S., with a consolidated footprint of more than USD 250 billion, most of which lies on the balance sheet of its banking subsidiary, Santander Bank. Due to its size, the Federal Reserve monitors Banco Santander from a systemic risk perspective under the U.S. Tailoring Rule. The chart at the bottom shows the composition of and change in Banco Santander’s systemic risk profile as constructed by our Pillar 3+ Data Analytics Platform. The parent company’s digital banking strategy will expand the balance sheet of Santander Bank, primarily via loan growth on the back of increased savings deposits, and, as such, could further increase the bank’s systemic risk profile under the Tailoring Rule, at which point it could become subject to full standardized liquidity requirements. Why is all of this important? Financial institutions are dynamic entities that grow, organically and inorganically, both of which have the potential to significantly alter their risk profiles from one quarter to the next. Basel Pillar 3 disclosure requirements exist to enable stakeholders in financial institutions the opportunity to make informed decisions regarding the structure and risk profiles of financial institutions and incorporate those decisions into their own risk strategies. Due diligence is especially important when it comes to financial institutions categorized under the Tailoring Rule owing to their increased systemic risk. A more detailed analysis is available on the GARP Member Portal <https://lnkd.in/eUrjdBdF>. Source – GBI Pillar 3+ Data Analytics Platform

Highlights from a successful GARP HK Chapter event to kick off 2025! A special thanks to our speakers David Wolber, Ben Simpfendorfer, and Russell Pell?for sharing their insights on navigating shifts in geopolitics, economic policy, and regulation, as well as to Michael Reimann and Amar A. for organizing this event. We also want to extend heartfelt gratitude to thanks to Kent LAI, FRM for his six years of service as co-director and warmly welcome to Daniel Hummelmose as the new chapter co-director! #financialrisk #riskmanagement #geopolitics #regulation #HongKong

Although U.S. commercial real estate is not out of the doldrums, the outlook has turned at least selectively positive. Read more: https://lnkd.in/erxND-n9 #riskmanagement #financialrisk #realestate

Here's what risk professionals should know about crypto regulation in 2025, according to Moody's Analytics' Cristian deRitis. To hear his whole conversation, part of our GARP Risk Podcast, listen here: https://lnkd.in/gmQSYZ9D #financialrisk #riskmanagement #crypto #regulation

What are the pros and cons of the next wave of AI? Though technology like ChatGPT is flawed and must always be validated, it is proving its worth in the research and intelligence gathering phases of bank risk assessments. https://lnkd.in/ec8fYyZZ #financialrisk #AI #riskmanagement #GenAI #ChatGPT

Some highlights from our recent GARP Sydney Chapter meeting. Special thanks to our speakers Russell Terry, Angela Cummine, and Eliza Wu for sharing their insights on the timely topic of climate risk in Australia. Thanks to Chris Collins, FRM and Giorgia Nasso, FRM for organizing another successful event for our Australia chapter. We look forward to seeing you at the next one! #riskmanagement #financialrisk #climaterisk #sustainability

While cyber and technology risks often dominate risk management discussions, organizations must not lose sight of traditional, non-technology risks that are essential to resilience and long-term stability. Join the GARP Budapest Chapter on March 19 as industry experts and risk practitioners Andrea Pesel Zámbóné, Fekete Zoltan, Gabor Furedi, Péter Komáromi, and Zoltán Monostori, Ph.D., CFA, FRM examine how these traditional exposures are evolving in response to new economic and regulatory challenges. Special thanks to the Budapest team for organizing this event: Dániel Homolya,PhD,FRM,ERP, Peter Sziklai, Tamas Gombar, Norbert Pálmai, FRM, David Marczis, Csaba Novaky. Register now: https://lnkd.in/eK2EDiaK #riskmanagement #financialrisk #finance

In a perfect world, organizations would aim to eliminate all risks. However, risk, and more specifically third-party risk, is ubiquitous. That's why the question – what’s your risk tolerance? – should be the foundation of every business’ risk management program. And yet, it’s a question few business leaders can confidently answer. https://lnkd.in/eNuSshEp #riskmanagement #financialrisk #risktolerance #thirdpartyrisk

Some highlights from last week's New York Chapter Meeting on the integration of #GenAI models in risk management. Special thanks to Rama CONT for sharing his wisdom and to our NY risk community for coming out! #financialrisk #riskmanagement #AI