Siri, What's My Stress Scenario? | Straterix
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Siri, What’s My Stress Scenario?

Siri, What’s My Stress Scenario?

“Every possible series of events is happening all at once. Live that way and nothing will surprise you.” These were the words of the fictional Lord Bealish in Game of Thrones (season 7, episode 3, since you ask). But you don’t need to be a fan of the blood-and-dragons fantasy to appreciate how this advice could also apply to risk managers in 2024.

Looking ahead to the remainder of the year, they will need to ask themselves some difficult questions: which of all possible tail risks they need to prepare for and how to identify more probable threats specific to their firms’ balance sheets.

It’s not a trivial task, writes Alla Gil in her latest GARP column. But it’s still achievable – and well worth the effort. Read it here.