The normal rules do not apply when confronted by extreme risk such as the coronavirus outbreak, writes the chairman of the European Risk Management Council.
The Bracken column
The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958.
Latest articles from Bracken
Taking data simulation to the next level
February 7, 2020Simply restaging past events is no longer enough when it comes to accurately predicting how markets will evolve, writes Justin Lyon, CEO of Simudyne.
Why the Fed must focus on its remit on jobs and stability
January 2, 2020The former vice-chair of the US Federal Reserve Board talks to The Banker about why he is concerned over the lack of tools available to tackle another serious global economic problem.
Can banks overcome their crypto scepticism?
December 2, 2019Claude Brown of law firm Reed Smith looks at how the pressures from social media, central banks and sanctions are driving banks towards digital currencies.
How uneven regulation and financial innovation fuel tax abuse
November 1, 2019Aggressive tax planning costs governments billions of dollars a year, not helped by an uneven regulatory playing field.
Supervision and the location choices of multinational banks
October 1, 2019Differing regulatory regimes cannot help but have an effect on banks’ choice of location, write three leading academics.
How to restore the lost faith in banks
September 2, 2019As trust in banks has slumped, the regulations policing them have proliferated. Restoring this reputation is crucial, writes José María Roldan of the Spanish Banking Association.
Basel is putting prosperity on the line
August 1, 2019The latest Basel regulations will limit business growth with their misguided approach to risk strategies, writes Giampaolo Gabbi of Siena University.
Agent-based models and the evolution of risk management
July 2, 2019Richard Bookstaber, chief risk officer at the University of California, explains how analysing human behaviour is essential to managing risk.
How central banks connect with the community
May 1, 2019Central bankers must improve communications with the public if they are to combat charges of elitism, Raghuram Rajan, former governor of the Reserve Bank of India, tells The Banker.