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  • Photo du rédacteurHélène Dufour

Reinventing Operational Risk Regulation for a World of Climate Change, Cyberattacks...

Proposes a new framework for regulating operational threats such as damage to physical assets, business disruption, and system failures. It suggests replacing rwa regulation with simple buffers of equity and outlines what a "macro-operational" approach to banking supervision might look like. It also acknowledges the limitations of macro-operational supervision and considers what new types of operations-specific emergency tools might need to be devised in response.


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Climate Risk, Insurance Retreat, and State Response

"Private businesses are making actuarial decisions, assessing that some locations are just too vulnerable to insure. At the same time, this insurance retreat also poses a policy challenge for states a

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