In an article published on Jan. 12th on GARP.org website, Peter Hughes showcased the Risk Accounting method in response to the recent speech of Stefan Ingves, the chairman of the Basel Committee on Banking Supervision, calling for a closer look into the results of academic research to find solutions to the current shortcomings of the regulatory framework.
Risk Accounting introduces for the first time a standard unit of measure for risk exposures and this is the revolutionary step in risk management which will allow for meaningful transformation of the way risk is managed in the financial services industry.
Read the full article on GARP.org website here.