At the Risk Accounting Standards Board (RASB), we believe that risk is not merely a compliance burden — it is a first-order variable that shapes decisions, cultures, and outcomes across financial services.

Today, we’re proud to share our latest whitepaper:
Reimagining Risk: Addressing Financialization Through Risk Accounting

In this paper, we challenge the limitations of traditional model-based risk measurement, particularly as exposed by events like Deutsche Bank’s $1.6 billion loss recognition in 2019. We argue that while current frameworks attempt to quantify risk using market data and historical losses, they often leave institutions exposed to the very risks they hope to manage.