Insights & News
Recent Insights
Thoughts on Silicon Valley Bank
Andy Spero shares some of his insight on the SVB debacle below – join the conversation on LinkedIn. On Friday, I was interviewed about the Silicon Valley Bank debacle. Many of the points I raised have been described elsewhere, except this one. So far, the fiasco has been described in terms of (previously neglected) structural interest rate risk…
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Spero Risk President Interviewed on Risk Management Podcast
Listen Now ▷ President Andy Spero was interviewed on the podcast ‘Credibly Challenged’ – a podcast on risk management issues for financial institutions of all sizes – by Matt Bisanz, a regulatory partner at Mayer Brown. Matt and Andy talked about best practices for managing risk and trends in the industry and how Andy built a career in this fast-growing…
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The Seven Principles of an Effective Capital Adequacy Process
Spero Risk Associates has substantial experience with all aspects of CCAR, especially model development and validation. We have asked the questions, and we have successfully answered when others have asked. The seven principles of an effective capital adequacy process were published in August, 2013, in the Federal Reserve’s Capital Planning at Large…
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Three Components of Validation
While the guidance lists three components of validation, executives need to understand that these components are not to be taken as independently important on their own or even mutually exclusive, e.g., initial outcomes analysis provides developmental evidence and, therefore, helps prove conceptual soundness. There are only about eight pages of guidance…
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Anticipated and Unanticipated Benefits of Loss-Forecasting
In anticipated direct events, identification and use of risk mitigants mean better preparation to reduce losses in analyzed situations: Precautions or ex ante actions that reduce the possibility of the considered situation occurring Insurance, hedging, or other ex ante actions that reduce the magnitude of loss should the adverse event occur Contingency…
Read MoreThoughts on Silicon Valley Bank
Andy Spero shares some of his insight on the SVB debacle below – join the conversation on LinkedIn. On Friday, I was interviewed about the Silicon Valley Bank debacle. Many of the points I raised…
Read MoreSpero Risk President Interviewed on Risk Management Podcast
Listen Now ▷ President Andy Spero was interviewed on the podcast ‘Credibly Challenged’ – a podcast on risk management issues for financial institutions of all sizes – by Matt Bisanz, a regulatory partner…
Read MoreThe Seven Principles of an Effective Capital Adequacy Process
Spero Risk Associates has substantial experience with all aspects of CCAR, especially model development and validation. We have asked the questions, and we have successfully answered when others have…
Read MoreThree Components of Validation
While the guidance lists three components of validation, executives need to understand that these components are not to be taken as independently important on their own or even mutually exclusive, e.g…
Read MoreAnticipated and Unanticipated Benefits of Loss-Forecasting
In anticipated direct events, identification and use of risk mitigants mean better preparation to reduce losses in analyzed situations: Precautions or ex ante actions that reduce the possibility of the…
Read More