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Dr. Colin Lawrence - Member of the Risk Accounting Standards Board

We are delighted to announce the appointment of Dr. Colin Lawrence as a member of the Risk Accounting Standards Board (RASB).

Colin is currently on the Board of OSTC Ltd where he chairs the Risk and Compliance Committee and he is additionally a member of the Audit Committee. He also sits on the academic advisory board of IHS Markit and PRMIA UK (Professional Risk Managers’ International Association). He is an honorary visiting professor of risk management at the UCL in the department of computer sciences and a senior advisor to Stratagem, a strategic consulting company, and to Basinghall Analytics.

Colin was formerly Director of the Risk Specialists Division at the Financial Services Authority (Bank of England / Prudential Regulatory Authority), a partner at Ernst & Young, regional leader of the risk management practice at IBM global business services in Greater China, and a managing director in markets at UBS, Barclays, and Republic National Bank. He began his career in academia as an Associate Professor at Columbia University, Graduate Business School. He earned his MA and PhD in economics from the University of Chicago.

RASB Chairman, Peter Hughes, said of the appointment, “Colin brings 30 years of experience in all facets of risk and regulation gained through the leadership positions he occupied at top tier banks, regulatory authorities, and academia. He will add tremendous value to the Board.”

Colin commented, “This is a great opportunity to be a member of RASB – I firmly believe that critical operational risks such as conduct, climate, and supply chain risk must be quantitatively embedded in accounting metrics to avoid the catastrophes of the past.”