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Risk Management

See how to manage risk to drive efficiency and compliance

Advanced Analytics | Risk Management

Vijayne Govender

Vijayne GovenderOctober 17, 2017 0

How Nigeria is accelerating its banking industry transformation

The challenges for banking in emerging markets are similar to those elsewhere, but with fewer resources and structures available to address them. Key issues include expanding the market, and improving financial inclusion, to provide better access to banking services. To my mind, one of the most interesting aspects of the

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Analytics | Risk Management

Thorsten HeinOctober 4, 2017 0

The need for seamless risk and finance integration

The importance of risk management has always been clear in financial services, but it is growing in other industries, including energy and telecommunication companies. This importance is being amplified through increasing demand for risk and finance integration. Innovation in risk has often come from firms with complex trading books. This

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Banking | Communications | Energy & Utilities | Insurance

Analytics | Risk Management

Iván LópezSeptember 27, 2017 0

Calidad de datos: el talón de Aquiles en la gestión de riesgos

Investigación de riesgos SAS y soluciones cuantitativas. Prepárese para realizar más cambios solo operativos, especialmente los relacionados con los riesgos. Si la información no es buena o suficiente, no disponible para usar y tomar buenas decisiones en el sondeo, no importa los analistas que pueden contratar. Las mejoras en la

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Analytics | Risk Management

Hartmut KömmeSeptember 25, 2017 0

Risikomodellierung: ein Blick unter die Motorhaube

Modelle im Risikomanagement sind essenziell. Sie helfen uns dabei, das Risiko eines Unterfangens auf Basis weniger Einflussgrößen vorherzusagen. Die Kunst der Modellierung besteht nun darin, die wichtigsten Faktoren zu bestimmen und einen komplexen Zusammenhang vereinfacht so abzubilden, dass die Aussagekraft relevant ist. Das heißt, modellbasierte Prognosen sollen möglichst nahe an

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Analytics | Risk Management

Lee ThorpeSeptember 18, 2017 0

The unforeseen consequences of IFRS 17

Lee Thorpe, Head of Risk Business Solutions at SAS UK & Ireland, explores the challenges that the new international financial reporting standard (IFRS) 17 will introduce. A fundamental change is coming to insurance. The new accounting standard, IFRS 17, will be introduced by the International Accounting Standards Board (IASB) in

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Analytics | Risk Management

Luca GarlandaSeptember 13, 2017 0

Could your company survive a fake news attack?

Even as we come to terms with the increasing presence of fake news in the political landscape, we need to consider the vulnerability of companies, brands and employees to the same phenomenon. Social media across all channels have become an accelerator to enable unverified, and unverifiable, claims to travel far

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Analytics | Risk Management

Targeted Review Internal Models

Spyros Maltezos

Spyros MaltezosAugust 3, 2017 0

Targeted Review of Internal Models - The Foundation of Model Risk Management Regulation

In my previous article, I reviewed the current state of model risk awareness in the financial services industry by providing an overview of the EU regulatory regime related to Model Risk Management framework, as well as introducing some major challenges that exist in developing a Model Risk Management system. This

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Risk Management | SAS Events

Thorsten HeinJuly 31, 2017 0

Challenges on a CRO's agenda - get some answers in Madrid

The CRO’s agenda is more crowded than ever, especially right after the summer time looking towards the end of the actual and the preparations for the new year. Regulators, auditors, boards and investors continue increasing the pressure on financial institutions. In addition to the already known challenges coming from competition,

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Analytics | Risk Management

Carsten KrahJuly 19, 2017 0

Transparenz und Automatisierung braucht das Risikomanagement

Am 20. Juni trafen sich in Wien 30 Vertreter von Banken, um neue Herausforderungen an Infrastrukturen von Banken zu diskutieren. Dr. Thomas Moosbrucker, Deloitte Deutschland, beleuchtete in dem ersten Vortrag die Herausforderungen von TRIM (Target Review of Internal Models). Seiner Meinung nach wird uns TRIM, welches das Vertrauen in die

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Banking | Insurance

Analytics | Fraud & Security Intelligence | Risk Management

Michael RabinJuly 14, 2017 0

Fraudsters love digital

Anyone who believes that digitization has made the issue of insurance fraud go away is unfortunately wrong. One in ten reported damages and claims are still invented or manipulated. The cost: at least €5 billion per year in Germany alone for property and casualty insurance. In other words, not even including

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Data Management | Risk Management

Chrysostomos KridiotisJune 28, 2017 0

The data governance path to AnaCredit

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

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Risk Management

Tony CartiaJune 26, 2017 0

8 elementi chiave di un framework robusto per la Model Governance

Negli ultimi anni l'uso sempre più diffuso di sofisticati modelli matematici, statistici e deterministici ha consentito alle istituzioni finanziarie di prendere decisioni strategiche, avendo a disposizione un nuovo livello di conoscenza. Nel contempo ha, però, condotto verso una nuova necessità: quantificare, misurare e gestire il rischio legato ai modelli utilizzati.

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Banking | Insurance

Analytics | Risk Management

Machine Learning

Carsten KrahJune 23, 2017 0

Machine Learning allein reicht nicht, der menschliche Verstand ist weiterhin gefragt

Science-Fiction-Autoren sind seit Langem fasziniert von der Vorstellung, dass Roboter die Weltherrschaft übernehmen könnten. Und sie überlegen, was man tun könnte, um die Welt vor dieser Machtübernahme zu bewahren. Doch diese Vorstellung geht weit an der Realität vorbei. Tatsächlich wissen wir heute: Maschinen – und Machine Learning – funktionieren am

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Analytics | Risk Management

Luis BarrientosJune 22, 2017 0

Modelos de Riesgo, impacto en los negocios

La industria financiera, ha desarrollado una alta dependencia en la analítica predictiva para alcanzar los objetivos de negocio y cumplir con temas regulatorios y de mejores prácticas. Este modelado toca virtualmente a cada área que tiene poder de decisión y monitoreo en la Entidad, desde el perfil de cliente objetivo,

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Risk Management

Model Risk Framework

Spyros Maltezos

Spyros MaltezosJune 5, 2017 0

Model Risk Regulatory Framework: challenges to managing model risk

At this point in time, Model Risk Management stands at the forefront of risk management for many of today’s financial services organizations. The majority of financial institutions are in the process of developing Model Risk Management frameworks to mitigate model risk and to become more comfortable with their models. However,

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Machine Learning | Risk Management

Machine learning

Chrysostomos KridiotisJune 2, 2017 0

Machine learning for risk: more changes ahead

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

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Machine Learning | Risk Management

Risikomanagement

Thorsten HeinMay 23, 2017 0

Hand aufs Herz: Kann Ihre Risikobetrachtung mit den Marktveränderungen Schritt halten?

Ich möchte Sie etwas fragen? Sehen Sie Risikomanagement als: alleinige Aufgabe des Chief Risk Officer, als Pflichtübung, die jede Menge Papierkram – aber keine wirklichen Vorteile – bringt; oder Verantwortung von allen im Unternehmen und eine Chance, eine sichere Umgebung für heikle Geschäftsentscheidungen zu schaffen? Natürlich sind diese beiden Auffassungen

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Machine Learning | Risk Management

risk management

Tony CartiaApril 28, 2017 0

Taking risk management to a wider audience within the business

Organizations of all kinds operate in uncertain environments with challenging natural, political, socio-economic and cultural influences. These influences may affect their ability to meet their objectives. The uncertain economic situation of the past few years is a clear, real and pragmatic example of the effect of this uncertainty, something known

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Analytics | Risk Management | SAS Events

Luis BarrientosApril 27, 2017 0

¿Está listo ante una próxima crisis financiera?

Ante un panorama macroeconómico volátil, la búsqueda de oportunidades financieras toma trascendencia. En palabras del analista político-económico, Erick Guerrero los indicadores internacionales apuntan a una crisis del sistema financiero, basta con mirar lo que el Fondo Monetario Internacional registró en su monitor de octubre 2016, donde la deuda global se

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Banking | Government

Fraud & Security Intelligence | Risk Management

anti-money-laundering

Spyros Maltezos

Spyros MaltezosApril 21, 2017 0

Financial Crime Risk Management - Taking Action to Support Anti-Money Laundering

In my first article, I looked at the main areas covered by the 4th Anti-Money Laundering (AML) Directive from the EU. This post covers the amendments to that directive introduced by the 5th AML Directive, and suggests how organizations can address the requirements of the two directives. The 5th AML Directive:

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Fraud & Security Intelligence | Risk Management

Spyros Maltezos

Spyros MaltezosMarch 20, 2017 0

Financial Crime Risk Management - The Current Regulatory Regime

Questions about the regulatory regime related to the 4th and 5thEU Anti-Money Laundering (AML) directives are among the most frequent ones we have been getting this quarter. There can be no question that businesses are responding to increased regulations and in turn, driving demand for anti-money laundering technology to support

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Risk Management

Thorsten HeinMarch 17, 2017 0

Is your risk perspective keeping pace with market changes?

Let’s start with a question. Do you see risk management as: The responsibility of the Chief Risk Officer, involving a lot of paperwork, and largely a tickbox exercise with no real benefits, but something we have to do; or Everyone’s responsibility, and a chance to have some difficult conversations in

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Analytics | Risk Management

Analytics in der gesetzlichen Krankenversicherung

Christian EngelFebruary 28, 2017 0

Data Scientists im Gesundheitswesen – Chancen im morbiditätsorientierten Risikostrukturausgleich

Seit 2009 sollen der Gesundheitsfonds und der morbiditätsorientierte Risikostrukturausgleich in der deutschen gesetzlichen Krankenversicherung (GKV) für eine ausgewogenere Verteilung der Einnahmen bei den Kassen sorgen. Ziel ist ein sozialer Ausgleich für unterschiedliche Einkommensstruktur und Krankheitslasten bei den Mitgliedern. Über einen sehr interessanten Nebeneffekt, den dieses regulatorische System ungewollt ausgelöst hat,

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Health Care | Hospitality | Insurance

Analytics | Data Management | Risk Management

Self Service Analytics

Ulrike BergmannFebruary 24, 2017 0

Self-Service: Erst mal anfangen, dann klappt’s auch mit der Datenqualität!

Das Konzept von Self-Service Analytics wird oft mit innovativen Geschäftsmodellen oder schneller Reaktion auf Kundenanfragen assoziiert. Darüber hinaus kann Self-Service aber auch Mitarbeiter in die Lage versetzen, operative Vorgänge besser und effektiver zu unterstützen. Mit Carsten Krah, Business Expert Risk, Fraud & Compliance bei SAS, habe ich mich darüber unterhalten,

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Analytics | Risk Management

Thorsten HeinFebruary 9, 2017 0

What will SFCR reveal about you?

SFCR, or the Solvency and Financial Condition Report, is the final part of the Solvency II: the public reporting of information. The publication of these reports, and their accompanying public Quantitative Reporting Templates (QRTs), is a big issue for companies. In particular, companies have to decide what they are going

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Data Management | Risk Management

man determined to stop reactionary compliance tactics

Dylan JonesFebruary 6, 2017 0

It's time to stop the reactionary compliance tactics

The financial sector has always been subjected to regulatory compliance laws and directives. Consumers, lawmakers and politicians would expect no less. But it's fair to say that the financial sector has witnessed a "hockey stick" trend regarding new regulations in recent years.

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Risk Management

Muhammad Asif AbbasiFebruary 1, 2017 0

Risk management's new stakeholders

We like to think about risk management as a specialist domain. Indeed, at SAS, we have a dedicated team that works with risk officers to exploit analytics for risk mitigation. But from my vantage across analytics platforms, analytics to support risk management has seen fascinating changes. The way that we think

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Banking | Insurance

Risk Management

Carsten KrahJanuary 17, 2017 0

Digitalisierung des Risikomanagements

Seit der Finanzkrise hat das Risikomanagement in Banken an Bedeutung zugenommen und damit auch die Notwendigkeit der Digitalisierung. Neben eigenen Initiativen, forderte aber auch die Regulation ein nachhaltiges Risikomanagement in den Geschäftsprozessen stärker zu verankern. Nach den ersten direkten in Basel III mündenden Vorgaben zu Eigenkapitalanforderungen und Liquiditätsmanagement, hatte die

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Risk Management

Thorsten HeinDecember 16, 2016 0

Solvency II: Where do we go from here?

Solvency II went live almost a year ago. It should therefore have become part of the furniture by now, but it is clear from recent conversations that the journey is by no means over yet. What’s more, there are other challenges facing the insurance industry that will need to be

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