Chrysostomos is a SAS Sales Manager, managing the office of SAS in Cyprus and the Banking Industry clients of SAS in Bulgaria. He is working closely with organizations, mostly in the financial sector, to identify business problems and needs and propose solutions that have to do with data management, analytics and business intelligence. He has a strong background on Financial Risk Management, and his previous experience includes working as a business consultant for financial institutions in the area of Risk Management, Governance, Compliance and Strategy. In the past he has been teaching professionals a course on Governance, Risk and Ethics and enjoys sharing ideas and views on new and innovative technologies in the area of Risk Management. He strongly believes that creating and fostering relationships - and sharing experiences - is a cornerstone of conducting business today and applies this mentality in his everyday business life. You can find him on Twitter or Linkedin.
Many of the regulations coming into effect after 2010, are the result of the financial crisis that has significantly re-shaped the financial industry worldwide and especially in Europe. One of the major projects that has been undertaken by the statistics team of the ECB, launched in 2011, is the setup
Approaches to risk assessment and management are changing. There has been a radical alteration in the nature of risk in many sectors, in that the biggest threat that many companies now face is from disruption of their business model by start-ups. This has meant that traditional approaches to risk—the appointment
The financial crisis led to a deep reflection on the things that Banks and other financial institutions were doing wrong. The most significant factor that led to bad business decisions and in extend the results that we have all been experiencing the past few years, was uninformed analytics. This is
After the financial crisis of 2008, concerns have been raised about “too little, too late” provisioning for loan losses and IFRS 9 is coming to enforce the adoption of a new expected credit loss (‘ECL’) model for the measurement and recognition of impairment. This aims to address concerns and accelerates
In a previous blog article, Risk Data Aggregation and Reporting – Why now more than ever? – Part 1, I have discussed the requirements of the paper of the Basel Committee numbered 239 and one of the reasons the execution or application of the principles discussed therein is important for
This is the first out of a series of two blog articles in which I will attempt to discuss the importance of the execution of the principles of the BCBS 239 in the Banks. I feel that a Bank’s risk management department is like a radar on a ship. It
