Principle 12: Supervisors should periodically review and evaluate a bank’s compliance with the eleven Principles above [described in BCBS 239]. Principle 12 is targeted primarily at regulators, but it has broad implications for banks’ internal risk management processes. In addition to evaluating capital adequacy and liquidity, banking supervisors also look
Having spent a good part of my career “owning” the data hub in IT for analytics solutions, I think I can say, the myth that IT controls all things data has become less and less true through the years – and eventually it will be completely false. Or maybe it
Last month, SAS launched our new no-cost software for higher education teaching, learning and research – SAS® University Edition. Available to students, professors, academic researchers and lifelong learners, SAS University Edition provides local access to BASE SAS®, SAS/STAT® software, SAS® Studio, SAS/IML® software and SAS/ACCESS® Interface to PC Files. SAS University Edition
How much of your business performance (profit) is driven by external factors versus internal? A figure of 85% compared to 15% was mentioned at last month’s Manufacturing Analytics Summit, and although I could not find the study mentioned to confirm, it feels about right to me. Certainly more than half,
Principle 11: Risk management reports should be distributed to the relevant parties while ensuring confidentiality is maintained. Early in 2013, the Basel Committee on Banking Supervision (BCBS) issued guidelines for banks regarding risk data aggregation and reporting. Known collectively as BCBC 239, these principles were designed to ensure that banks
From managing excess DVD inventory to optimizing digital distribution channels, Hollywood’s supply chain transformation in the last decade has been massive. Knowing this background, and having spent a good part of my life surrounded by the entertainment industry, I was intrigued and inspired by the recent Entertainment Supply Chain Academy
Charles Darwin is often quoted as saying that, in the long history of humankind (and animal kind too), it’s “those who learned to collaborate” that have prevailed. I’d like to think the father of modern biology would be impressed at the recent SAS Clinical Trial Data Transparency Forum, where more
For supply chain managers and analysts Getting Demand in Shape can mean collecting the most pertinent data to support specific business processes and activities. Identifying new or previously unused data sources can be especially important. My most recent article titled “Getting Demand in Shape” in the May / June issue of APICS magazine
Have you heard that data scientists are in demand, and wondered what it takes to be one? Take some advice from Wayne Thompson, Chief Data Scientist at SAS, and Chuck Kincaid, Engagement Director at Experis Business Analytics. Start by following these four pointers from Thompson and Kincaid, and then learn more by watching
Principle 10: Frequency – The board and senior management (or other recipients as appropriate) should set the frequency of risk management report production and distribution. BCBS 239 “Effective Risk Data Aggregation & Risk Reporting”, released in January of 2013, specifically requires that the bank’s board and senior management should be
