Risk Accounting, Modeling and Non-Financial Risk: An Argument for Better Integration GARP.org article by Peter Hughes Environmental and Climate Change Risk: Did We Learn the Lessons of the Past? When global economic meltdown appeared the most likely outcome of the...
OpRisk Capital Chess: Banks Lose First Match GARP.org article by Peter Hughes When the Basel Committee on Banking Supervision first mooted the setting aside of protective capital for operational risks in the late 1990s, large international banks lobbied for their...
Operational Risk Metrics: Seeing Is Believing GARP.org article by Peter Hughes Tests conducted by researchers at the Durham University Business School, in collaboration with the Risk Accounting Standards Board (RASB) found that exposures to the operational risks of...
Where Next with Operational Risk? Observation and measurement issues pose continuing challenges As a researcher, I spend a good deal of time reading academic papers. One recently came into my hands written by an eminent group of academics and practitioners on the...
The Rise of a Complexitocracy Can accounting help restore simplicity and comparability to financial and risk reporting? Published by Peter J. Hughes on GARP.org (Fri., Jly 31st, 2020) “Complexitocracy” is not in the dictionary. But maybe it should be. If it were, the...
Is accounting to blame for the pandemic? by Peter j. Hughes, published by PRMIA in the July 2020 issue of “Intelligent Risk” Banks and airlines have something in common: they both have the potential to transform an isolated and sometimes freak event into a...