Counterparty Risk Management Policy Group (CRMPG)
Banks have done too little, for too long on counterparty data
Regulators recently published the findings of a study of counterparty risk data at the world’s largest banks – it makes for depressing reading, says David Rowe, and is symptomatic of deeper problems plaguing the field of enterprise risk management.
Speed tests
Counterparty Credit Risk
CRMPG III out with risk management report
Daily news headlines
CRMPG calls for daily counterparty risk reports
Broker-dealers should monitor their institutional counterparty risk exposure on a daily basis, the latest report from the Counterparty Risk Management Policy Group (CRMPG) has recommended.
FSF warns of weak credit risk management
After a two-day meeting in Sydney, the Financial Stability Forum has warned that the credit derivatives industry is still poorly prepared for a crisis, although the financial industry as a whole remains strong.
Corrigan: progress made on credit derivatives, more work to be done
Speaking after a symposium organised by the Counterparty Risk Management Policy Group II (CRMPG II) yesterday in New York, Gerald Corrigan, a New York-based co-chairman of Goldman Sachs's firm-wide risk committee and chairman of the industry group, said…
New York Fed picks up on confirmation issue
The New York Federal Reserve Bank will meet regulators and leading banks next month in an attempt to deal with backlogs of unconfirmed credit derivatives trades.
The risk monitor
As systemic risk concerns resurface, Gerald Corrigan, co-chair of Goldman Sachs’ firm-wide risk committee, has revived an industry group formed after the LTCM debacle. By Navroz Patel