News
Media coverage, events and announcements from Risk Control.
2026
Risk Control featured in Structured Credit Investor on MDB securitisation
Risk Control director William Perraudin is featured in Structured Credit Investor on how multilateral development banks can raise the visibility of the securitisation market by helping investors understand the true…
Risk Control publishes new research paper on MDB securitisation
The paper, written in collaboration with FCDO and SECO, sets out how multilateral development banks can make securitisation a repeatable tool for releasing capital and mobilising private investment.
Risk Control quoted by GlobalCapital on MDB securitization
GlobalCapital quotes Risk Control director William Perraudin on how multilateral development banks evaluate the capital efficiency of securitizations, funded or unfunded.
Reuters article quotes Risk Control
Risk Control’s Perraudin was quoted by Reuters on 30th August commenting on the Defence Security and Resilience Bank (DSRB). See
MDB securitisation market awareness survey
Risk Control launched a survey on Market Awareness of MDB securitisation. Here is the link:
Risk Control participates in SCI podcast
Risk Control’s William Perraudin participated in a Structured Credit Investor podcast on MDB securitisation. The SCI news story about it is at: The podcast audio is at: or
RC-Limit Exposure Management System Introduces Advanced Analytics Module
New analytics module in Risk Control’s Exposure Management software RC-Limit System
Texel DevFins 2026 engagement
At Texel DevFins 2026 , Risk Control’s Managing Director William Perraudin joined a distinguished panel for “A Quantitative Look at PCT and MDB Loan Performance.” The session reinforced the importance of rigorous…
Risk Control’s integrated risk systems installed on client servers
Risk Control has developed risk systems covering capital, stress testing, risk-based pricing, limit evaluation, rating scenarios, data integration and dashboards. Two versions of such systems have gone live on client…
2025
BBC Interview on Bank Capital Regulation
Risk Control Director William Perraudin was interviewed on the Today Programme on BBC Radio 4 on bank capital regulation and why the Bank of England is right to be considering a slight change of direction. The audio file…
Risk Control develops enhanced Risk Based Pricing software
Risk Control develops cloud-based tools for delivering complex Risk Based Pricing analysis to client systems.
Risk Control analyses returns on mezzanine exposure to a corporate ABS deal
Risk Control enhances and extends its securitisation modelling techniques to support investors in a corporate-loan backed ABS transaction.
Risk Control creates suite of prepayment models
Risk Control develops and implements for a client a suite of mortgage prepayment models.
S&P's supranational ratings criteria changes
Standard & Poor's supranational ratings criteria changes related to the evidence provided in our September 2024 paper: "Quantifying Preferred Creditor Treatment by Rating Grade"
EC proposals on securitisation capital
European authorities issue proposals for securitisation capital rules picking up on the suggestion for a Risk Sensitive Risk Weight Floor in Risk Control's March 2025 study "How to Calibrate Securitisation Capital Rules"…
EC proposals on securitisation capital
European authorities issue proposals for securitisation capital rules picking up on the suggestion for a Risk Sensitive Risk Weight Floor in Risk Control’s March 2025 study “ How to Calibrate Securitisation Capital Rules…
S&P’s supranational ratings criteria changes
Standard & Poor’s supranational ratings criteria changes related to the evidence provided in our September 2024 paper: “ Quantifying Preferred Creditor Treatment by Rating Grade “
Rating Scenario System
Risk Control’s Rating Scenario application ( RC-Rating Scenario System ) is adopted by another supranational development bank client.
Risk Control completes enhancement of Stress Testing software
Risk Control extends the capabilities of its macro stress testing software . The application permits a financial institution to project forward its capital and provisions. The new version of the software supports…
SRT Transaction Support
Risk Control supports investors in a complex Significant Risk Transfer (SRT) deal, computing risk and expected returns on the tranche covered.
Risk Control develops mortgage prepayment models using data from multiple countries
Risk Control employs AI and classical statistical modelling to understand mortgage prepayments.
Risk Control implements complete Economic Capital Model
Risk Control implements a complete Economic Capital and Stress Testing System with integrated risk models and dashboards for a financial institution
European Securitization Awards 2025
We are proud to announce that Risk Control Director William Perraudin and Georges Duponcheele of Munich Re received the prestigious GlobalCapital European Securitization Award for Outstanding Contribution to…
Securitisation capital study
New study of how to align securitisation capital rules with risk by Risk Control's William Perraudin and Georges Duponcheele of Munich Re. The study is available here.
Risk Control's Director, William Perraudin, addresses SSA capital optimisation at Global Capital briefing
Risk Control Director William Perraudin spoke at Global Capital's London briefing on SSA capital optimisation on February 6th. The event focused on innovative finance techniques for development and public sector banks.
Risk Control’s Director, William Perraudin, addresses SSA capital optimisation at Global Capital briefing
Risk Control Director William Perraudin spoke at Global Capital’s London briefing on SSA capital optimisation on February 6th. The event focused on innovative finance techniques for development and public sector banks.
Risk Control’s Director, William Perraudin discusses MDB/DFI market building at CGD event
Risk Control’s Managing Director, William Perraudin participated in the Center for Global Development’s online event, “Can MDBs/DFIs Really Build Markets,” on the topic of effective market building and impact driving. He…
New research by Risk Control on MDB loan data templates
Risk Control creates data templates for the new asset class of MDB loans and explains what information regulators require securitisation investors to demand.
Risk Control conducts capital adequacy benchmarking for nine prominent MDBs
A new report by Risk Control, sponsored by the MDB Challenge Fund, benchmarks the capital adequacy of nine prominent Multilateral Development Banks (MDBs) using a consistent Economic Capital framework.
2024
Risk Control Analyses Efficiency of MDB Risk Transfer Strategies
A new study by Risk Control evaluates the efficiency of various risk transfer strategies employed by Multilateral Development Banks (MDBs), highlighting the benefits of partnering with sovereign and multilateral…
Risk Control Quantifies Significant MDB Benefit from Preferred Creditor Treatment
A new study by Risk Control quantifies the substantial advantage that Multilateral Development Banks (MDBs) derive from Preferred Creditor Treatment (PCT), particularly for low-rated sovereign borrowers
Risk Control Develops Fair Pricing Model for MDB Sovereign Loans
Risk Control has developed a novel approach to pricing MDB sovereign loans, considering factors such as sovereign ratings, tenors, and the impact of Preferred Creditor Treatment (PCT).
Risk Control Outlines Roadmap for MDB Risk Transfer
A new study by Risk Control provides a roadmap for Multilateral Development Banks (MDBs) to implement scalable risk transfer strategies, drawing lessons from commercial banks and US mortgage refinance agencies.
Risk Control Analyses Counterparty Risk in MDB Exposure Exchange Agreements
A new study by Risk Control examines the impact of counterparty risk on MDB Exposure Exchange Agreements (EEAs), providing insights into appropriate scaling factors for differently rated counterparties.
Risk Control Analyses the Credit and Liquidity Implications of SDR-Based Hybrid Capital for MDBs
A new study by Risk Control analyses the credit quality, liquidity, and development leverage of SDR-based hybrid capital, highlighting its potential to significantly boost MDB lending capacity while maintaining reserve…
Risk Control Presents at SCI Seminar in London
Risk Control’s Managing Director William Perraudin gave the keynote speech on the topic “Securitisation Risk and Regulatory Capital” at SCI’s 10th Annual Capital Relief Trades Seminar on October 16-17,2024 in London.
Risk Control Presents at EIF RM
Risk Control gives a presentation about MDB risk transfer and what implications it has for EIF. RC’s Managing Director William Perraudin spoke at EIF RM on 18th Oct 2024 in Luxembourg.
Risk Control’s Paper gets published in the Eurofi Regulatory Update
Our co-authored paper, “Securitization Reform to Boost European Competitiveness,” has been published in the Eurofi Regulatory Update. This timely analysis explores the potential of securitization to play a more…
Risk Control Leads Dialogue on Financial Innovation
Risk Control recently participated in a discussion on bank risk management for the Mayer Brown's podcast series #CrediblyChallenged. Risk Control's MD William Perraudin and Georges Duponcheele (GLIS) addressed topics…
Breaking: Securitisation Reform Set to Revolutionize European Economic Landscape
Risk Control’s analysis is touted by SUERF as it announces Policy Brief No. 976, “Securitisation Reform to Boost European Competitiveness.” Authored by Risk Control’s team of experts, it proposes strategies to enhance…
Risk Control Leads Dialogue on Financial Innovation
Risk Control recently participated in a discussion on bank risk management for the Mayer Brown’s podcast series #CrediblyChallenged. Risk Control’s MD William Perraudin and Georges Duponcheele (GLIS) addressed topics…
New Risk Control research on Originate to Demonstrate
Risk Control's publishes new research paper on Originate to Demonstrate analysing Innovative Deals in Development Finance.
More reactions to Risk Control’s paper
Risk Control’s paper on securitization has been widely recognized by leading publications, such as True Sale International , Revel Partners , Global Capital Securitization , Paris Europlace and European DataWarehouse.…
Risk Control is making global media headlines
Global Capital Securitization published a news article highlighting Risk Control’s ground-breaking paper, which reveals how a risk-sensitive risk weight floor can unlock billions in investment and drive European economic…
Risk Control is making global media headlines
Global Capital Securitization published a news article highlighting Risk Control’s ground-breaking paper, which reveals how a risk-sensitive risk weight floor can unlock billions in investment and drive European economic…
Research on Rethinking the Securitisation Risk Weight Floor
Risk Control publishes new research paper proposing risk-sensitive Risk Weight Floor for policymakers to analyse and adopt.
Study of MDB Preferred Creditor Treatment for sovereign loans by rating
Risk Control completes study of Multilateral Development Bank (MDB) sovereign loan performance and Preferred Creditor Treatment (PCT).
2023
Cloud-based software hosting for Risk Control software using Microsoft Azure
Risk Control enhances its Software-as-a-Service offerings by hosting all its major software via dedicated, client-specific, and highly secure Microsoft Azure cloud-based installations.
New Non-Financial Risk Capital software completed
Risk Control implements a model for computing Non-Financial Risk Capital using an Advanced Models Approach (AMA).
Public Discussion on Risk Control’s MDB Risk Transfer and Risk Benchmarking Solutions
Risk Control spoke at “The G20 CAF Recommendations One Year On: Implementation and Challenges” event organised by the MDB Challenge Fund on the margins of the 2023 Annual Meetings of the IMF and the World Bank Group .…
Press Release: New World Bank Studies
Risk Control's new studies commissioned by The Rockefeller Foundation show that World Bank reform could unlock billions of additional financing for developing countries. Learn more about it in the latest press release.
RC-Capital Model Video
Risk Control publishes a short video about the RC-Capital Model on its YouTube channel. The Monte Carlo model is a high-specification, portfolio modelling framework, supplying rigorously calculated risk statistics for…
MDB Portfolio Expansion study
The second study commissioned by the G20 Independent Review of MDBs Capital Adequacy Frameworks becomes public. It assesses credit rating agency criteria and MDB headroom capacity. The calculations are performed using…
Hybrid Capital Analysis
Risk Control analyses the use of hybrid capital backed by Special Drawing Rights (SDRs) for several Multilateral Development Banks (MDBs).
Validation of Sovereign Rating Model
Risk Control carries out independent review and validation of a clients Sovereign Credit Rating Model and provides findings and recommendations comparing the approach vis-à-vis industry best practices.
Analytical Support for Significant Risk Transfer (SRT) Trades
Risk Control supports multiple Significant Risk Transfer (SRT) trades, providing risk and pricing analyses to both investors and issuers.
2022
Impact of the SA Output Floor on the European Securitisation Market
New research paper issued examining the impact on the European securitisation market of the introduction by regulators of the Standardised Approach (SA) Output Floor. Research paper available here.
Liquidity in ABS, Covered Bond and Corporate Bond Markets
Risk Control completes a new research note examining the relative liquidity of Asset Backed Securities (ABS), Covered Bonds (CBs) and Corporate Bonds (Corps). The note is available here.
Relative Liquidity of European ABS and CBs
Risk Control completes research showing that Asset Backed Security (ABS) liquidity has increased significantly since 2016 and now exceeds that of Covered Bonds in Europe.
Solvency II rules for securitisations and Covered Bonds
Risk Control completes detailed analysis of the Solvency II capital rules for securitisations held by European insurers.
Research report on ESG and Credit Rating Correlations
Risk Control publishes a report on how ESG and credit ratings move together, providing a key building block for the integrated management of ESG and credit risks in loan and bond portfolios.
Innovative approaches to integrating Limit and Capital Software Systems
Risk Control publishes a note on how its Limit software (RC-Limit System) may be integrated with a powerful Credit Portfolio Model (RC-Capital Model), to permit the use of Economic Capital-based credit limits.
2021
Bank ESG Data Strategies
As part of a larger programme of research on ESG issues, Risk Control publishes strategy note on bank ESG data strategies.
ESG Analysis
Risk Control analyses ESG methodologies and advises clients on appropriate techniques for their businesses.
2020
Global Credit Market Update
Risk Control publishes a note on how Global Credit Markets have been affected by the Covid-19 crisis.
Regional Bank Default Probabilities in the Covid-19 Crisis
Risk control publishes a note on bank default probabilities in the Covid-19 crisis in the form of regional indices for North America, Europe, Africa, Asia & Oceania, Latin America & Caribbean and Middle East.
Covid-19 Crisis Update: What Happened to Sovereign Credit Quality in July?
In our new note we estimate Probabilities of Default (PDs) from Credit Default Swap (CDS) spreads and infer real time ratings for July 2020.
Gainers and the Losers: Real-Time Industry PDs in the Covid-19 Crisis
Risk Control publishes a new note showing how representative probabilities of default (PDs) for individual industry sectors have evolved since the crisis began. The techniques applied permit one to refresh PD estimates…
Real-Time Sovereign Ratings Update
Risk Control updates its analysis of the sovereign ratings and PDs implied by CDS spreads.
Real-time ratings in the Covid-19 crisis
Risk Control publishes a new study on real-time sovereign ratings in the Covid-19 crisis
Real-time monitoring of credit portfolios in the Covid-19 crisis
Risk Control develops methodologies for real time risk monitoring of multi-sector and country credit portfolios in the Covid-19 crisis
Predicting Default for UK SMEs Using Companies House Data
Risk Control publishes note on how to use Rating Engine to estimate probabilities of default (PD) for UK companies
2019
New computer vision techniques for reading image data
Risk Control develops computer vision techniques for reading data from image files
Risk Control completes case study on risk transfer transactions
Risk Control assists major bank with advice concerning risk transfer transactions
Top-down and Performance-based SME Default Probabilities
Risk Control publishes note on alternative approaches to estimating default probabilities for European SMEs
2017
Rating Correlations and Macro Stress Testing
Risk Control devises powerful techniques for stress testing, IFRS 9 and credit portfolio modelling.
Provisions Forecasting Under Stress
Risk Control devises new methodologies for modelling sovereign credit provisions conditional on macro scenarios.
2016
How to Analyse Risk in Securitisation Portfolios
Risk Control authors suggest a rigorous method for calculating risk in securitisation portfolios, permitting investors to profit from relatively high returns offered by these portfolios while maintaining a cautious and…
SSRN top ten list
Risk Control paper, "Capital Floors, the Revised SA and the Cost of Loans in Switzerland", makes SSRN 's PSN: Global Banking Top Ten download list.
Modelling innovation
Risk Control introduces Bayesian layer in the statistical macroeconomic model it employs for stress testing and scenario generation. This approach permits users to combine evidence from historical experience with prior…
Reverse Stress Testing
Risk Control develops new reverse stress testing approaches to assist clients in stress test design.
Stress Controller methodology
Risk Control enhances the methodology of its Stress Controller software to accommodate the current low interest rate environment.
Solvency II paper
Risk Control authors publish analysis of Solvency II capital calibration for securitisations, which finds Solvency II capital charges for AAA-rated Type 1 tranches are double what the evidence suggests is appropriate,…
SME financing insight
Business and Industry Advisory Committee to the OECD includes Risk Control Director's insight on how securitisation could assist SME financing in recent publication Financing Growth; SMEs in Global Value Chains.
European Commission project
Risk Control wins tender for project on the drivers of corporate bond market liquidity for European Commission's DG FISMA, the Directorate-General for Financial Stability, Financial Services and Capital Markets Union.
MDB ratings research
Risk Control publishes paper analysing influences on Multilateral Development Bank credit standing including the market practice known as Preferred Creditor Status.
After Basel 3 - Building capital rules that make sense
Risk Control's William Perraudin and BNP Paribas co-authors describe alternative basis for securitisation capital and argue that the Pool Capital Multiplier Approach (PCMA) represents a better way of developing capital…
Return on Regulatory Capital note
Risk Control publishes a note showing how banks may use top down analysis of their assets to optimise the Return on Regulatory Capital (RORC).
Update to study
Risk Control revises analysis on the impact of Basel Standardised Approach rules on capital, lending and loan spreads in Switzerland to reflect the Basel Committee's December 2015 proposals in BCBS 347.
Brussels conference
Risk Control Director speaks at Swiss Finance Council conference, The EU and its Partners.
2015
European Money and Finance Forum conference
Risk Control Director makes presentation on pressures on bank capital to senior bankers and risk specialists at SUERF Banking Reform conference.
PCS commend Risk Control paper
Prime Collateralised Securities commend Risk Control's "Comment on the Commission's Proposals for Reviving the European Securitisation Market" as a "compelling case for a more elegant solution".
Comments on the Commission's proposals
Risk Control and bank co-authors publish a paper analysing the European Commission's proposals for reviving European securitisations, identifying impediments to their success and proposing remedies.
2016 EBA Stress Testing Tool
Risk Control develops a centralised software application within Stress ControllerTM for 2016 EBA stress testing.
EBA Board of Supervisors
Risk Control Director presents on Non-Performing Loans, Debt Restructuring and Structured Finance at the European Banking Authority Board of Supervisors' Away Day in Budapest.
Conservative Monotone Approach Update
Risk Control presents new developments to the CMA and the PCMA at the Global ABS conference in Barcelona.
Capital Floors, the Revised SA and the Cost of Loans in Switzerland
Risk Control publishes a study analysing the impact of proposed changes in Basel rules on capital, lending and loan spreads.
BIAC-G20 Paris conference
Risk Control Director presents on European securitisation and SME financing at "Business Access to Global Value Chains and Financing SMEs" BIAC-G20 conference at the OECD.
Wharton School Symposium
Director of Risk Control, William Perraudin, speaks on Systemically Important Financial Institutions at Wharton School Symposium. Presentation slides available here.
Default Probability Risk and Securitisation Capital
Risk Control publishes a note on parameter risk in credit risk capital with an application to securitisation exposures. Note available here.
World Bank Forum
Risk Control Director speaks on evaluating commercial bank credit risk at World Bank forum for top central bank officials. Click here for presentation slides and here for note on comparing bank risk measures.
ICAAP for asset managers
Risk Control develops methodologies for determining risk appetite and calculating Pillar II capital for asset managers. Click here for more information.
Response to BCBS-IOSCO consultation
Risk Control responds to the BCBS-IOSCO task force's consultation on simple, transparent and comparable securitisations. Click here to read the response.
EIF workshop
Risk Control and co-authors give Securitisation workshop at the European Investment Fund, Luxembourg.
2014
Research paper
Risk Control publishes assessment paper of how regulators could revive the European securitisation market by adjusting capital charges for High Quality Securitisations.
Study on Securitisation Purchases by the ECB
Risk Control proposes that central banks and regulators measure securitisation seniority using a formula rather than agency ratings in regulation and collateral eligibility.
Study for GFMA
Risk Control completes study for GFMA on the quantitative impact of the Basel Committee's proposals for securitisation capital. Click here to read the full study.
Study on High Quality Securitisations
Risk Control publishes analysis of the risk and liquidity of High Quality Securitisations following a project commissioned by Prime Collateralised Securities.
Study on High Quality Securitisations
Risk Control's Perraudin publishes a reasearch study on the risk and liquidity advantages of investing in High Quality Securitisations.
Alternative for securitisation capital
Risk Control's Perraudin and BNP Paribas co-authors issue study of a practical, formula-based alternative for securitisation capital, the Conservative Monotone Approach, entitled: "Calibration of the CMA and Regulatory…
New modelling approach
New approach developed for modelling tree-based correlation structures with application to asset manager ICAAP and operational risks by legal entity.