Implementation Evoked in the Name of Better Risk Management but Missing is the Voice of the Risk Management Community

By Allan Grody

A featured article of our February 2021 edition of PRMIA's Intelligent Risk quarterly newsletter


A US regulator, the Commodities Futures Trading Commission, was the first to recognize the impact of non-standard counterparty identification in financial transactions. Lehman’s bankruptcy exposed this regulator’s inability to determine the risk exposures Lehman was progressively incurring. It was an awakening by regulators across the world to the importance of legal entity identity standards in knowing what risks were building up in the 6000 entities that collectively made up Lehman.

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About the Intelligent Risk

Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.
Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the February 2021 edition with the public. Get more articles like this by joining PRMIA today.

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