Papers

A Risk Management Perspective on Coronavirus (COVID-19) Part I and Part II

Two PRMIA Institute papers offering a risk management perspective on the main priorities of risk managers as the coronavirus pandemic unfolds.

Current PRMIA Sustaining Members may download the papers in our Risk Library. Use "Coronavirus" as your keyword search to filter results.

Operational Resilience - A New Age of Reason?

The financial sector has developed pioneering business continuity capabilities and innovative incident management solutions. By and large, these capabilities have stood the test of time in that they have delivered operational continuity through very challenging events which we analyze in the paper.  The digitalization of customer channels, the growth of cyber threats and the risk of abrupt changes in political and legislative environments will inevitably challenge resilience in new ways. At every step, difficult questions, unpleasant scenarios considered and probably unpalatable decisions may be taken. Ultimately, their success or failure in these enterprises will boil down not only to their footprints or strategies but also skillsets, culture, and leadership. In our latest paper, we explore the latest developments in operational resilience, from regulatory updates to latest best practices. 

Current PRMIA Sustaining Members may download the papers in our Risk Library. Use "Operational Resilience" as your keyword search to filter results.
 


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Webinar Recordings


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Addressing Sustainability Risk

April 12, 2021

This panel discussion brings together senior-level professionals specialized in ESG investment and risk management to discuss how organizations of all sizes and sectors are addressing sustainability risks. We will discuss the ways in which Covid-19 presents opportunities to make the organizational model changes needed to effectively address sustainability risks. We will discuss the role the finance function plays in helping organizations better understand ESG risks and how they interconnect with other risks, both financial and non-financial. We will look at how to integrate this into current risk frameworks, and run through the challenges, for example, the lack of data and mix of different standards.

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Addressing Sustainability Risk

April 12, 2021

This panel discussion brings together senior-level professionals specialized in ESG investment and risk management to discuss how organizations of all sizes and sectors are addressing sustainability risks. We will discuss the ways in which Covid-19 presents opportunities to make the organizational model changes needed to effectively address sustainability risks. We will discuss the role the finance function plays in helping organizations better understand ESG risks and how they interconnect with other risks, both financial and non-financial. We will look at how to integrate this into current risk frameworks, and run through the challenges, for example, the lack of data and mix of different standards.

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Cybersecurity and Financial Institutions

April 6, 2021

The issue of cybersecurity has recently gained global attention in many circles from the legitimacy of US elections, the widespread hacks of both companies and units of government around the world, and the lucrative criminal enterprise of wholesale theft of billions of dollars from financial institutions. Whether posed by malevolent nation states or groups of teenage thrill seekers cyber risks represent a clear and present danger of the first order. In this online event, we will address both the big picture of cyber risk and the practical policies financial institutions can implement to reduce the dangers themselves and their clients from this ongoing theat. The event will also include new research into financial approaches to mitigation such as innovations in cyber risk insurance.

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Risk Mindset 2020's and Beyond

March 31, 2021

Understanding risks has never been more important than now, as the world is living through events that were thought nigh on impossible a few years ago. High impact low probability events seem to be occurring with higher frequency in recent years, so the understanding of risks faced by an organization is often paramount for its survival. The significance of the right risk mindset supported by strong risk culture therefore cannot be overestimated. We will look at key concepts of risk, its evolution in 21st century, and how risk and finance are interrelated.

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Risk Culture in Times of Great Uncertainty - Part 1

March 11, 2021

The success of any process and system is reliant on the perceptions, actions and practices of employees, thus a “cultural mindset” should be pre-defined this includes outlining and inculcating the rules of engagement. Larger organisations tend to face challenges in discerning cultural changes perpetuated by the development of sub-cultures within various business divisions. A greater need to exhibit how risk culture can be effectively controlled and measured across more complex organisations is presented. This requires a clear understanding of risk culture, its benefits, how maturity can be determined and demonstrated as well as possible causes of failure in this very critical aspect of risk management.

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Risk Culture in Times of Great Uncertainty Part 2

March 18, 2021



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The Beginning of the End – What does the post-COVID world have in store for us?

March 8, 2021

Presented by PRMIA Ireland: Our two esteemed guest speakers give us their insights as to how they feel the future world will look, now that the end of the pandemic appears to be in sight. Both speakers are renowned deep thinkers and modern day philosophers, who always have an alternative take on the world around us. Jim Power will take the lead with an economist’s perspective while John Looby will give us the Investment Management view of the future. This will be followed by a Q&A session kindly moderated by Monika Smatralova and Alan Bluett.

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Risks to the Pakistani Economy

January 25, 2021

The webinar will focus on risks for the economy and touch upon topics including low tax collection, SME’s resistance on tax initiatives, real estate sector lending initiatives, startup loans, external debt, IMF program, money laundering, Naya Pakistan Certificates, CPEC, etc.

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Evolving Role of Risk Mgmt in the Times of COVID and Beyond

December 29, 2020

PRMIA New Delhi presents: Evolving Role of Risk Management in Times of COVID-19 and Beyond. The world has changed. The COVID-19 pandemic, an unprecedented event in our history, changed our lives, societies and economies. 'Stay Home', 'Keep Distance', 'Wear Face Cover' coupled with 'virtual interfaces' and 'digital transactions' have unleashed new challenges and risks. In order to survive and succeed in the fast-changing landscape, there is an urgent need to identify, assess, manage and control the evolving risks. This Virtual Event aims to bring sharper focus on these issues. Top leaders from Banking, Finance and Technology domains will explore insights and perspectives including strategic and practical solutions to these complex challenges.

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COVID-19: Credit Implications for Insurance Companies

November 18, 2020


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Members only

The World of Risk Post Pandemic Will Never be the Same

November 13, 2020

PRMIA Boston is proud to present an engaging virtual panel discussion on three highly impacted areas of risk with the lens that things are changed forever: talent risk, real estate risk, and cyber risk. There are a number of webinars these days about what a post-COVID-19 world looks like. This one is different. We Discuss three highly impacted areas of risk with the lens that things are changed forever and what that means for your business.

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COVID-19 and Country Event Risk

September 16, 2020


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The Risk Manager's Role in Combatting Financial Crime

September 14, 2020

PRMIA Netherlands presents an online event: The Risk Manager's Role in Combatting Financial Crime.

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Looking Ahead in Canada: Risk Insights from Industry Experts

September 3, 2020

Join PRMIA Calgary, Edmonton, Montreal, Toronto, and Vancouver as we explore the risks and economic consequences of COVID-19 on select Canadian industries, including agriculture, energy and hospitality; how the emerging risks are being managed in the long run, what their respective futures look like and how they can come back stronger.

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Smart Collections in COVID-19 Stressed Circumstances

September 2, 2020

PRMIA Bahrain and Total RegTech Solutions present an interactive online session: "Smart Collections in COVID-19 Stressed Circumstances".

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How can you lead with Emotional Intelligence?

August 27, 2020

Join PRMIA London for a discussion that will introduce risk managers to the science and value of developing better EQ. Effective in both the workplace and at home, EQ can help you lead happier and more productive teams.

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The Dollar System in the Era of COVID-19

August 19, 2020


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Credit Risk Under COVID-19 Uncertainty

August 5, 2020


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A Nuanced Perspective on Risk in the Age of COVID-19

July 23, 2020

In a fast changing economic environment, the very definition of default is changing.  Central Bank led stimulus programs may be able to mask a troubled sector in the short term.  In addition, only when a payment is past due by 90 days, we have to determine the Exposure at Default (EAD) for a given Counterparty.  However, if Liquidity dries up, there can be dire consequences for a financial institution.

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COVID-19: Navigating the New Normal

July 20, 2020

PRMIA Bangalore presents: Pandemic Impact on Financial Institutions’ Risk Function and Navigating the New Normal.

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The Brexit Clock is Still Ticking

July 15, 2020

PRMIA Ireland presents: The Brexit Clock is Still Ticking. We will discuss what could happen when you marry 'Covid-19' and 'Brexit'. Two speakers will discuss the topic that will cover the current geopolitical developments from a macro and micro perspective.

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Cyber Risk and Governance in Changing Times

July 13, 2020

The cyber risk profile of financial institutions has evolved since the onset of the COVID-19 pandemic, when many enterprises were forced to partially or fully digitize.

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Structured Finance Securities and COVID-19

July 10, 2020

The pandemic caused by the COVID-19 virus made significant impact across the fixed income markets in March. While there is some subsequent recovery in asset prices, the aftershocks will be felt for a long time in the economy and markets. In some ways, the economic impact of the pandemic may be more severe than what was experienced during the 2008-2009 financial crisis.

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The Path to Recovery in the EU

July 9, 2020

The lockdown has given rise to a new series of risks in Europe, which we will carefully review and frame. The socialization of private sector losses also gave rise to new systemic risks and linkages between public and private balance sheets. As the first wave of the pandemic recedes, we will discuss what are the implications for the European countries. The ESM, the European Commission and other public and private bodies have carefully orchestrated easing measures for citizens and the private sector. How are the measures launched at national and European level supporting a path to recovery for the European economies and for their citizens.

Information

Impact of Coronavirus on European Banking - Micro View

June 24, 2020

The PRMIA Chapters of the EU are pleased to lead the below online chapter meetings which outline the major issues and how they are been dealt with in different contexts. Experts from Austria, France, Germany, Italy and the Netherlands will address the key issues related to the Coronavirus.

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Impact of Coronavirus on European Banking - Macro View

June 17, 2020

The PRMIA Chapters of the EU are pleased to lead the below online chapter meetings which outline the major issues and how they are been dealt with in different contexts. Experts from Austria, France, Germany, Italy and the Netherlands will address the key issues related to the Coronavirus.

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Leaving Lockdown: A Risk Management Approach

June 3, 2020

PRMIA Calgary, Edmonton, Toronto, and Vancouver presents: Leaving Lockdown - A Risk Management Approach. Join us for a conversation with seasoned risk management professionals regarding the key elements, disciplines, methods and processes to consider with a step-wise return to 'normal'.
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Crisis Management Lessons and Solutions

May 21, 2020

PRMIA London presents Crisis Management Lessons and Solutions. Join us for a long conversation with John Cummins, who steered the RBS group treasury function through the 2008 liquidity crisis, bailout, restructuring, and transformation.

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Epidemiological Impact on Quantitative Risk Management

May 12, 2020

PRMIA New York presents an online event on the Epidemiological Impact on Quantitative Risk Management. Never before has financial and risk modeling been so contingent on epidemiological inputs. In this online event, we bring together practitioner minds from medical and financial fields to share insights. The keynote speaker, Bernard Camins, is the Head of Infectious Diseases at Mount Sinai.

Recording Coming Soon

Fireside Chat with CROs - Banking and Insurance

Presented on May 6, 2020

An online event featuring the perspectives of two leading industry CROs, Christine Palmer of Aldermore and Thomas Wilson of Allianz.

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Strategic Risk Adjustments in the Times of COVID-19

Presented on April 23, 2020

Please join the PRMIA London Chapter for a virtual event featuring the perspectives of Executive Level risk practitioners.  Our presenters will share insightful considerations to guide you as you adjust your risk strategy in response to the coronavirus pandemic. Don’t miss this informative and worthwhile session that will help you understand the depth and idiosyncrasies of the crisis.

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Testing COVID-19 Decisions Using US Intelligence Methods

Presented on April 22, 2020

Complimentary to the PRMIA Network!  COVID-19 presents an unprecedented challenge to organizations which have little or no experience in making high-stakes decisions in complex, uncertain situations. This webinar will show you how to use Structured Analytic Techniques developed by the US Intelligence Services to bring rigor and objectivity to your organization’s COVID-19 decisions.

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COVID-19 Pandemic Preparedness and Enterprise Risk Management

Presented on March 31, 2020

Complimentary to the PRMIA Network!  Given the current situation, financial institutions must leverage their risk management programs and expertise to address the challenges brought by the global Coronavirus pandemic. Join our panelists and the PRMIA community to discuss how both financial and operational risks can be better understood and mitigated by applying key components of the enterprise risk management framework.

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Subscribe to the "Pandemic Risk" community listed under our Areas of Interest community category by clicking the link below.

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Wall Street Journal Resources

This PRMIA Institute paper offers a risk management perspective on the main priorities of risk managers as the coronavirus pandemic unfolds.

WSJ Resources    PRMIA Member Subscription to WSJ



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