Mr.Fred Vacelet

Provided scenarios are not hinted or even provided by a regulator, regulated financial institutions have to find relevant and up-to-date scenarios. Unregulated firms, if there are, also have to find stress-test scenarios that are of use for strategic managemen ...

After going through the definition and nature of an ERM program, we go through the different merits of including self-assessments. We then highlight the specificities of the 3 areas mentioned: generic ERM, IT risk and internal controls.  We highlight a few sp ...

Stress-testing, as practiced in most institutions, is much too often hijacked by regulatory necessity: to improve one’s standing for the authorities, or by reputational necessities: to reassure the public. Hence, it seldom turns out to the useful exercise it c ...

Requirements for news thinking in 2007-08 2007: lack of thinking of what could happen, and indeed did happen next Post-2007 thinking on risk management and regulation The slow process of percolating Coming back to old thinking after licking wounds The p ...

Once it has been taken on that risk management implies management, that a risk management programme includes a change of culture, and that a risk management programme is better launched when setting up the company, we can figure out that such critical aspect a ...