Global Association of Risk Professionals (GARP)

The private credit market has exploded in size and emerged as a vital source of capital for companies overlooked by traditional banks. Yet beneath its appeal — higher yields, portfolio diversification, flexible structures — lie risks that are often obscured by opacity and complexity. Understanding these vulnerabilities is crucial for investors, regulators, and the broader financial system. https://lnkd.in/evQV4CqR #financialrisk #riskmanagement #privatecredit #banking #stresstesting #scenarioanalysis

In the October edition of our Pillar 3+ Monthly Newsletter, we analyze Capital One's acquisition of Discover Financial Services and the potential impacts on its systemic risk profile, as well as provide a tiered view of second quarter Liquidity Coverage Ratio results for the U.S. G-SIBs. Read it below and subscribe! #financialrisk #riskmanagement #liquidity #Pillar3 #USGSIB

🔦 European Financial Risk Symposium Speaker Spotlight 🔦 Lorenzo Liesch, Head of Risk Methodologies and Valuation at Unicredit will speak on a panel covering Basel III and FRTB – State of Play. Have you made your plan to attend our event next Thursday, October 23 in Paris? Don't miss out; register here: https://lnkd.in/eKj6UX5v #financialrisk #riskmanagement #FRTB #GARP

This week, we published an article about chatbots gone awry and ensuring the power of AI is harnessed responsibly and sustainably. And now we want to hear from you. Revisit this week's article and answer our "Poll of the Week" below. https://lnkd.in/efGh7w7a #AI #riskmanagement #financialrisk

GARP is excited to once again host a series of webcasts showcasing the Climate Financial Risk Forum's (CFRF) outputs, the result of a collaborative effort between banks, insurers, and asset managers, as well as consultancies and academics convened by the Bank of England and the Financial Conduct Authority. The first of this webcast series on October 30 will be a dialogue on physical risk assessment, featuring GARP Risk Institute’s Maxine Nelson and Jo Paisley in conversation with Billy Suid, CFA. View the whole series here and register today: https://lnkd.in/eiRbdsJk #riskmanagement #climaterisk #naturerisk #sustainability #physicalrisk

We’re delighted to announce that James L. King, FRM and Stephen Fox, SCR Holder have been appointed as Co-Directors of the GARP Charlotte Chapter! We also extend our appreciation to our outgoing Chapter Directors, Bridget Nelson and Sema Oguz Kirdar, for their dedication and contributions to our risk management community. Our upcoming event, “Artificial Intelligence: Risk, Governance, and Emerging Challenges,” on November 5 is a great opportunity to meet the new team, reconnect with Bridget and Sema, and engage with an expert panel of practitioners who will discuss practical strategies for managing AI-related risks.   https://lnkd.in/eG6eZqdT #GARP #GARPChapters #networking #riskmanagement #risk #AI #professionaldevelopment #Charlotte #riskevents

🔦 European Financial Risk Symposium Speaker Spotlight 🔦 Sebastian Schnitzler, Head of Quantitative Risk Modelling on Market Risk and Artificial Intelligence from BaFin, will speak on a panel on Counterparty Credit Risk Management. Have you made your plan to attend our October 23 yet? Don't miss out; learn more about our event here: https://lnkd.in/eKj6UX5v

If artificial intelligence is prone to errors or hallucinations, what is to be done when they cause a medical misdiagnosis? Diagnostic errors are a leading cause of “preventable harm” in primary and emergency healthcare settings, but as a risk case, it can be illustrative of any number of AI applications in finance or other business sectors. https://lnkd.in/efGh7w7a #financialrisk #riskmanagement #AI #modelrisk #data

Join the GARP Italy Chapter on October 29 for a webinar on innovative approaches to risk measurement in inflation derivatives with Pier Giuseppe Giribone, Financial Engineer at BPER Banca, and Pasquale Merella, FRM, Chief Risk Officer at Obsidian Capital SGR. Our thought leaders will explore traditional pricing models, limitations of standard tools like Bloomberg SWIL/SWPM, and the application of machine learning techniques, including LSTM networks, for risk and sensitivity analysis. Special thanks to the Italy Chapter organizers for bringing this timely discussion to life. We hope to see you there! https://lnkd.in/eE-N2eU6 #financialrisk #riskmanagement #inflation #machinelearning

How do we, as risk officers, create an efficient mechanism to prioritize risk? How do we link priority risks to the organization's strategic objectives? An understanding of risk aggregation, prioritization, and linkage to strategy will enable a risk officer to answer these questions and increase the efficiency of risk management at every level of an organization. https://lnkd.in/en4wuJM7 #financialrisk #riskmanagement #ERM #riskculture #governance