by Regitze Ladekarl, FRM | Dec 8, 2025 | Risk Report
Can a financial institution call itself a bank without having a banking license, that is, be a Bank In Name Only (BINO)? Recently, the central bank of Brazil announced that using the word bank in the name requires permission and the fulfillment of particular capital...
by Regitze Ladekarl, FRM | Nov 17, 2025 | Risk Report
About a month ago, the Nobel Prize in Economics was awarded to Joel Mokyr, an economic historian, and Philippe Aghion and Peter Howitt, both economists, for their insights on how sustainable growth happens through creative destruction. Their work is centered on how,...
by Regitze Ladekarl, FRM | Oct 13, 2025 | Risk Report
You win gold and you lose silver, isn’t that what they say? Right now, though, it seems that gold has been cast as the sweet-natured second-choice life partner in a romantic comedy starring AI actress Tilly Norwood. Yes, gold is seeing a huge surge in popularity....
by Jonathan Leonardelli, FRM | Oct 1, 2025 | Model Development
This blog series explores how applying a set of coding best practices can help reduce errors during model development. We’ve captured these practices in the acronym MATHS: Modularized, Archived, Tested, Honed, and Standardized. This post focuses on the Standardized...
by Regitze Ladekarl, FRM | Sep 29, 2025 | Risk Report
Today, The Atlantic reminded me that Alan Greenspan, the renowned economist and former Fed chair, has been said to follow the Men’s Underwear Index (MUI) as an indicator of economic turning points. Many men consider new underwear a nicety, so when they feel economic...
by Jonathan Leonardelli, FRM | Sep 24, 2025 | Model Development
In this blog of FRG’s blog series on coding best practices to reduce model risk during model development, we focus on the Honed element of MATHS. To hone a process, skill, or ability, means to make it “perfect or completely suitable for its purpose.” That is the focus...
by Regitze Ladekarl, FRM | Sep 22, 2025 | Risk Report
As the great philosopher Post Malone states: Run away, but we’re running in circles Run away, run away —Circles (2019) It seems like a magic trick. A bank issues loans to consumers and businesses, and each of these loans has an expected credit loss. The bank is...
by Jonathan Leonardelli, FRM | Sep 17, 2025 | Model Development
This blog series explores how applying a set of coding best practices can help reduce errors during model development. We’ve captured these practices in the acronym MATHS: Modularized, Archived, Tested, Honed, and Standardized. This post focuses on the Tested element....
by Regitze Ladekarl, FRM | Sep 16, 2025 | Risk Report
Said no one ever. Regardless of where you live or which team you are on, bank or regulator, you are probably never completely satisfied with global bank regulation. Granted, the regulation was not made to make anybody happy, but to curb systemic risk, especially in...
by Jonathan Leonardelli, FRM | Sep 10, 2025 | Model Development
This blog series explores how applying a set of coding best practices can help reduce errors during model development. We’ve captured these practices in the acronym MATHS: Modularized, Archived, Tested, Honed, and Standardized. This post focuses on the Archived...
