Chief risk officer (CRO)
Bank of America ousts chief risk officer
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Taking risk to the top office
Hit by billions of dollars in subprime writedowns, banks are looking at how best to organise their risk management functions. Steve White makes a far-reaching proposal
Reporting for duty
Reporting
Insurers show mixed reaction towards ERM
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Everyone loves a chief risk officer
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Crowded trade increases turmoil again, say CROs
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US bank appoints chief risk officer
Tuuk to become chief risk officer at Fifth Third Bancorp
UK Minister hails Solvency II
Ivan Lewis MP, a minister at the UK's Treasury with responsibility for insurance, has hailed the Solvency II process as a mechanism to enable the EU's insurance industry to remain competitive in the face of the globalisation of the financial services…
CROs make Solvency II plea
Members of the Chief Risk Officer (CRO) Forum used an address at Life and Pensions' December 2005 Insurance Risk conference to call for significant improvements to the Solvency II regime that the EU is expected to implement before the end of the decade.
The CRO road
In just over two months all US-based hedge funds with more than 15 investors and/or $25 million under management will have their own dedicated chief compliance officer.
The CRO road
Some of the larger hedge funds have set up formal risk management functions, appointing independent chief risk officers (CROs) to oversee their business. But what role should a hedge fund CRO play, and are these appointments a precursor of wider changes…
CRO Forum study released
Industry body the Chief Risk Officer (CRO) Forum, which consists of the chief risk officers of Europe's leading insurers, is advancing the case for the use of proprietary internal models under Solvency II with the publication of a new in-depth report.
Chief risk officers
Risk is the business of insurance companies, but risk management in the sector is not nearly as developed as it is in the banking industry. Now, a new crop of chief risk officers will be trying to change all that.