Could high-performance analytics have prevented the housing crisis?

There’s been a lot of conversation recently around SAS High-Performance Analytics.  And, rightly so – it’s incredibly cool and applicable to every industry imaginable, including financial services. What if your risk calculations had seen the ’08 credit collapse in time?  CBS SmartPlanet addresses this (and highlights SAS High-Performance Analytics, with [...]

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Higher performance, lower risk with grid computing

The volatile financial markets leave no wiggle room for risk. Or second thoughts. We need the right answers to some tough questions, and we need them now. There is zero tolerance for errors. And no time for delays. Samsung Securities gets it. That’s why they’ve boosted their SAS solution for enterprise risk management [...]

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CFPB interview: Product development in the era of regulatory unrest

One of the most widely attended sessions at the BAI Retail Delivery conference was a Q&A hosted by John Colas, Partner at Oliver Wyman. Colas was interviewing David Silberman, the Assistant Director, Deposit and Payment Markets Consumer Financial at the Consumer Financial Protection Bureau (CFPB). As you can imagine, there [...]

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An educated use of risk models in the financial services sector

I had the pleasure to be the host of the Risk and Finance Insight Session on the second day of The Premier Business Leadership Series, where we discussed the subject of enterprise risk management and financial stewardship. With global, political and financial upheaval becoming the norm (and during the conference [...]

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Risk: confident or complacent?

A panel of risk experts gave their reaction to the publication of the fifth global risk management survey report undertaken by SAS and the Economist Intelligence Unit. The report suggests that while lessons have been learned, some institutions may be sliding into complacency. At any rate, risk appetites are growing [...]

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Should we do more in risk management?

There are numerous strategic risk issues that might keep a chief risk officer or chief executive officer awake at night. Particularly since the financial meltdown, many are asking themselves (and anyone who will listen), “Do we need to do more in risk management?” Evaluating your program is an intense process, [...]

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Business Analytics 101: Risk Management

What is Risk Management? Risk Management can be found in many forms. This was emphasized to me while I was Googling “risk management in financial firms.” What I found were hits covering risk management across a wide spectrum of activities, from risk assessment for projects large and small to mathematical [...]

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Smarter Government

Earlier this week UK chancellor George Osborne announced his first budget as “tough but fair”. His action on debt echoed austerity measures being taken across other parts of the world. As I write this blog, President Obama and the G20 are assembling in Toronto. Opinions are mixed with Europe pushing [...]

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New approaches in Risk Management

Over 80 banks in America have been closed down this year and others have announced higher trading losses amidst increased regulatory scrutiny. Finland was the first country to announce a double dip recession. Northern Rock cut 650 jobs as part of their restructuring efforts. We’re obviously not out of the [...]

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Confidence is returning, but weaknesses remain

SAS and the Economist Intelligence Unit (EIU) have announced the release of the 2010 EIU report, “Rebuilding trust: Next steps for risk management in financial services,” sponsored by SAS. The 2010 report includes the results of an online survey – that attracted 346 global respondents, all executives with risk management [...]

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