From natural disasters to financial ones, regulators and governments are almost guaranteed to respond in some capacity. But whether it’s mothballing nuclear power stations, or mandating tougher capital requirements for financial institutions, responses often falls short – just look at the meltdowns involving Silicon Valley Bank and others last year. So what should risk managers do? Should they focus on systemic or idiosyncratic risks? Should they use complex tail models or intuitive, simple ones? And should they be driven by quantification or narrative?

In the view of Straterix CEO, Alla Gil, all of these aspects can be addressed in one, balanced approach. And that a single benchmark can be created for an institution’s peer group – and even the entire financial system. To learn how, check out Alla’s latest GARP column, which you can read here.