All quiet on the Barnett Front

The Barnett Shale in North Texas hit a historic mark on April 25: Its rig count fell to zero. Two hundred rigs once harvested the 40 trillion cubic feet of natural gas in this massive basin, stretching beneath 17 Texas counties. Today, nothing. This dramatic silence in North America’s second-largest […]

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Should regulators standardize risk models?

Modeling risk to meet regulatory requirements is costly and complex. Because of that, some have suggested that financial services institutions (FSIs) move toward a set of standardized models. The argument is that central banks and regulatory authorities could then more easily monitor systemic risk and compare apples to apples. But […]

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The final countdown… and beyond

It’s rather appropriate that the rock band Europe recorded the hit “The Final Countdown”, because today, September 22nd, represents 100 days until the much anticipated (and delayed) European insurance legislation Solvency II will come into effect on January 1st 2016. Designed to introduce a harmonized, EU-wide insurance regulation, Solvency II […]

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Analytic benchmarking against a virtual oil portfolio

Volatility. It’s a business reality for energy market participants and it’s been a wild ride for the oil marketing business over the past few weeks. How has your energy risk data helped you navigate the recent increase in volatility and precipitous price drop? This month, we are launching a recurring […]

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Five Keys to Successful Stress Testing

Stress testing is not new to the risk world but has been a major focus since the GFC (Global Financial Crisis). For a number of years now, stress testing has helped analytical specialists quantify various aspects of potential loss. What is new is the introduction of regulatory stress tests which […]

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Agile risk management – What might that look like?

I had the opportunity to moderate a roundtable discussion on risk management at the International Institute for Analytics’ (IIA) winter symposium in Orlando earlier this month.  I set the stage for the session with a brief overview of my favorite risk approach, “Competing on Value”, by Mack Hannan and Peter […]

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The importance of modern and integrated risk management

Many financial services firms are still struggling with the business impacts of the financial crisis. A cautious economic recovery, strong regulatory response and weakened public trust have combined to pressure firms to make updates and improvements to processes and technology – notably in the area of risk management. Firms recognize […]

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Blocking, tackling and moving risk management up the field

With details of the UBS incident still coming in, the topic of rogue trading was in the air as the Committee of Chief Risk Officers (CCRO) held its second annual risk summit in Houston on Sept. 21-23. It’s natural for a gathering of senior risk practitioners to engage in some […]

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China Guangfa Bank answers the big data call

Dr. Yachen Lin, Chief Risk Officer of China Guangfa Bank Credit Card Center (CGB), was interviewed while at the 2011 Premier Business Leadership Series in Singapore. He discussed the analytics culture at CGB - explaining how CGB uses analytics to know its customers and manage risk. There are only 14 […]

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Union Bank uses SAS Credit Scoring to keep at-risk loans from default

Although midsize US banks do not need to follow the Basel II accord, some choose to. And as Hans Helbekkmo, Chief Risk Officer for San Francisco-based Union Bank, told guests at April’s SAS Global Forum Executive Conference, the decision to follow the Basel II requirements using a transparent, in-house approach […]