Volume 13 (2020)

Each volume of Journal of Risk Management in Financial Institutions consists of four quarterly 100-page issues, published both in print and online. The articles published in Volume 13 include:

Volume 13 Number 4

Editorial
Julie Kerry, Publishing Editor, Journal of Risk Management in Financial Institutions
Opinion piece:
A paradigm shift in the board room: Incorporating sustainability into corporate governance and strategic decision-making using big data and artificial intelligence
Madelyn Antoncic, Managing Partner, Global AI Corporation and CEO, Global Algorithmic Institute.org
Practice papers:
Revisiting conduct risk management in the COVID-19 era with updated DOJ criteria
Jonny Frank, Partner and Laura Greenman, Managing Director, StoneTurn
Is an oligopolistic banking system more resilient and at what cost? A study of the competitiveness of the Canadian banking structure
Bogie Ozdemir, EVP & CRO, Canadian Western Bank and Michael Giesinger, Director at Risk, Investment Management Corporation of Ontario
DiStress: A distributional approach to bank solvency simulations
Will Kerry, Former Deputy Division Chief, International Monetary Fund
The Asset-Liability Committee: Ensuring effective balance sheet risk management during a market-wide stress event
Moorad Choudhry, Independent Non-Executive Director, Recognise Bank
Developments in relation to risk management for European investment funds
Henning Schwabe, Partner, Investment Management and Mohamed Ed-Diaz, Manager, Arendt Regulatory & Consulting, Arendt & Medernach

Volume 13 Number 3

Editorial: Risk anticipation in a pandemic world
Roger G. Chen, Editorial Board Member, Journal of Risk Management in Financial Institutions
Effectively managing risks in an ESG portfolio
Andre Bertolotti, Head of Global Sustainable Research and Data, BlackRock Sustainable Investing
Risk governance framework and the three lines of defence construct: A challenged self-assessment process through an activity-based approach
Bradford Hu, Chief Risk Officer and Aslihan Denizkurdu, Head of Governance and Chief Operating Officer for Risk Management, Citigroup
CRD V/CRR II: A comprehensive synopsis of the first European step towards implementing Basel IV (Part II)
Martin Neisen, Partner, PricewaterhouseCoopers and Hermann Schulte-Mattler, Professor, Dortmund University of Applied Sciences and Arts
In the eye of the beholder: Regulatory versus industry risk perception
Meghan E. Burns, Associate Principal Analyst, Dror Y. Kenett, Economist and Jonathan S. Sokobin, Chief Economist and Senior Vice President, Financial Industry Regulatory Authority, Office of the Chief Economist
Modifying model risk management practice in the era of AI/ML
Liming Brotcke, Sr Director — Model Validation Risk — MRM, Ally
On the definition of risk
Filipe Lemos, Risk Manager, Risk Management, BNI Europa

Volume 13 Number 2

Editorial: Machine learning and finance
John Hull, Editorial Board Member, Journal of Risk Management in Financial Institutions
Opinion piece: Uncovering hidden signals for sustainable investing using Big Data: Artificial intelligence, machine learning and natural language processing
Madelyn Antoncic, Managing Partner, Global AI Corporation
Papers: CRD V/CRR II: A comprehensive synopsis of the first European step towards implementing Basel IV (Part I)
Martin Neisen, Partner, PricewaterhouseCoopers and Hermann Schulte-Mattler, Professor, Dortmund University of Applied Sciences and Arts
Are stress tests beauty contests? (and what we can do about it)
Mario Quagliariello, Director, Economic Analysis and Statistics Department, European Banking Authority
Using the market value of equity to signal banking sector vulnerabilities
Will Kerry, Deputy Division Chief, Monetary & Capital Markets Department, International Monetary Fund
How can supervisors and banks promote a culture of strong governance and ethical behaviour?
Stefan Walter, Director General and Florian Narring, Adviser, Directorate General Micro-Prudential Supervision, European Central Bank, Germany
Addressing cyber risk in financial institutions and in the financial system
Allan D. Grody, President, Financial InterGroup Advisors
Enhancing banks’ strategic decision-making: Building on behavioural strategy — Application to Pillar 2 regulation
Naji Freiha, Doctoral researcher, Dauphine University; Former MD, Risk Management, Dexia
Sustainable profitability in volatile cyclical markets
Hanna Sarraf, Group Chief Risk Officer, BankMed Group

Volume 13 Number 1: Special Issue on Model Risk Management

Editorial
Klaus Böcker and Philipp Schröder, PricewaterhouseCoopers
Model Risk Management: Special Issue Papers
Thinking about theory and practice: What it means to reach effective risk management decisions in banking
Christian Hugo Hoffmann, Co-founder, Syntherion
The evolution of model risk management processes
Maurizio Garro, Senior Audit Manager, Lloyds Banking Group
A smarter model risk management discipline will follow from building smarter models
Jon R. Hill, Head, New York Chapter, Model Risk Managers International Association
Using formal verification to develop higher assurance, more maintainable financial software
Manfred Kerber, CTO and Co-founder, Colin Rowat, CEO and Co-founder, fovefi and Neels Vosloo, Head of EMEA Regulatory Risk, Bank of America
Effective and efficient model risk management
Matthew Dodgson, Director, PricewaterhouseCoopers
Risk Management Papers
Exchange traded fund risk management and resiliency
Sebastjan Smodis, Vice President and Suzanne Smore, Managing Director and Chief Risk Operating Officer, State Street Global Advisors
Revised partial use: Banking supervision on the right track
Martin Neisen, Partner, PricewaterhouseCoopers and Hermann Schulte-Mattler, Professor of Finance, Dortmund University of Applied Sciences
Total loss-absorbing capacity and minimum requirement for own funds and eligible liabilities: Impact of bail-in rules on balance sheet management and funding
Christian Hasenclever, Head of Strategic Asset and Liability Management in the Treasury department, German Landesbank NORD/LB