Nos derniers articles

The article delves into #ethical concerns with #aitools in #legal and #tax research, addressing #output #quality, #bias, #verifiability, #liability, and #privacy #risks. It explores #regulatory, #tech, and professional solutions, offering practical advice for tax professionals to safely navigate AI's challenges with #riskmitigation.

The study investigates the influence of national culture on the severity of global #bank#misconduct. It finds that cultural traits such as over-confidence and #uncertainty avoidance play a significant role in determining misconduct levels. The research underscores the importance of #regulatory measures and #supervisory independence in countering cultural effects on #financial#malfeasance. These findings hold implications for #regulators, #policymakers, and professionals within the #bankingsector.

Textual and cluster analysis of 10-K documents reveals three #riskculture classes linked to #riskstrategies, decisions, and recruitment. Firms with a strong risk culture show better #financialperformance and more diverse boards. #regulatory #supervision can help #insurers improve #risk behaviors.

This article examines the #legal and #regulatory issues, as well as #ethical and #socialjustice questions, raised by the growth of #fintech, particularly in the context of the dispute between the #occ and the New York Department of Financial Services (#nyfds) over the Office's Fintech Charter Decision.

This paper examines the use of #machinelearning methods in the context of #banks' #capitalrequirements, specifically the internal Ratings Based (#irb) approach. The authors discuss the advantages and risks of using machine learning in this domain, and provide recommendations related to #risk parameter estimations, #regulatory capital, the trade-off between performance and interpretability, international #banking competition, and #governance, #operationalrisk, and training.

A #regulatory #reform that imposes greater regulatory #capital #costs for #insurers to provide property coverage in catastrophe-prone areas results in price increases, though the magnitude of the increases is restrained due to #insurance pricing #regulation. The increase in price is commensurate to 12-30% of the increase in regulatory capital costs due to catastrophes, and the increase in price is larger for areas with higher hurricane risks, suggesting that consumers in risky areas bear the cost of #climatechange.

The #creditsuisse #coco wipeout occurred when the #finma announced that the contingent convertible bonds that were part of the Credit Suisse Additional #tier1 (AT1) #regulatory capital had been written off.FINMA’s decision creates a healthy precedent: restoring #financialdiscipline in AT1 #bondmarkets by reminding investors that their investment is exposed to #creditrisk and that #duediligence is advised before investing in these products.

#ethical dilemmas and #regulatory considerations associated with #ai and #chatgpt adoption in financial analysis are ... addressed, emphasizing the need for responsible AI usage and human oversight in critical #financial judgments.

This article examines the downfall of #Enron Corporation, which is often seen as the epitome of corporate #fraud. Enron engaged in complex structured hedging transactions to achieve accounting results, which ultimately led to its collapse and the imprisonment of some of its #managers. The article aims to present the facts objectively and asks what advice should have been given to Enron's managers. It suggests that society can overreact to #businessfailure and #regulatory responses can miss the mark, and that corporate managers must take reasonable risks to remain competitive. The article concludes that failure should not automatically be judged as managerial misfeasance.

"This paper examines the major causes of #svbcollapse collapse in March 2023 from a #regulatory and #riskmanagement perspective... Our analysis reveals major weaknesses in SVB’s risk management practice but also underlines weaknesses in the US regulatory regime [compared to #baseliii] reaching from reporting exemptions for small banks in the domain of liquidity and interest rate risks, non-sufficiently sensitive monitoring ratios, and misalignments between #accounting and risk management principles hindering effective oversight."