SAS Blogs

Risk Management

See how to manage risk to drive efficiency and compliance

Artificial Intelligence | Risk Management

Alex KwiatkowskiApril 9, 2019 0

The acceleration of AI in risk management: Getting in with the AI crowd

The recently released results of a new joint survey from SAS and the Global Association of Risk Professionals (GARP) on the use of AI in risk management makes for very interesting reading. Here are the highlights from the study, which involved more than 2,000 participants from across the global financial

English

Banking

Artificial Intelligence | Risk Management

Alex KwiatkowskiMarch 29, 2019 0

AI: What it is and why it matters in risk management

I recently reacquainted myself with this excellent Executives Guide to AI from our friends at McKinsey & Company. The authors have distilled a complex topic into something easily digestible while avoiding jargon and hyperbole. While not in the CliffsNotes or Bluffer’s Guide category, this Insights article undoubtedly helps the reader

English

Banking

Analytics | Customer Intelligence | Risk Management

Sofia RealMarch 20, 2019 0

Uma geração de clientes | Millennium bcp

A relação do SAS com o Banco Comercial Português – cujas atividades das operações bancárias se desenvolvem atualmente sob a marca Millennium bcp – começou em 1995, com 5 utilizadores PC Windows. Hoje, passados 24 anos, continuamos junto do maior banco privado português, com a missão de o ajudar a

Portuguese

Banking

Fraud & Security Intelligence | Risk Management | SAS Events

Jeanne (Hyunjin) ByunMarch 8, 2019 0

SAS코리아, ‘SAS 뱅킹 이노베이션 포럼’ 성료

SAS코리아, ‘SAS 뱅킹 이노베이션 포럼’ 성료 인공지능(AI)과 머신러닝 기반 솔루션 활용한 성공적인 금융 디지털 혁신 방안 공유 ATB 파이낸셜·NH농협은행, SAS 바이야로 업무 생산성 향상 및 최적의 고객 서비스 제공 2019년 3월 7일 – 세계적인 분석 선두 기업 SAS(쌔스)코리아(www.sas.com/korea)가 6일(수) 서울 여의도 콘래드호텔에서 국내 주요 금융권 관계자가 참석한 가운데 인공지능(AI)과 머신러닝(ML)

Korean

Banking

Risk Management

Lukasz LibudaMarch 6, 2019 0

The continuing challenge of managing model risk

One of the main reasons for the last financial crisis was that some of the analytical models used to estimate risk were incorrectly built and used. Resulting regulations on the US market including the Dodd-Frank Act and the Comprehensive Capital Analysis and Review (CCAR) therefore require the use of an

English

Banking

Risk Management

Carsten KrahMarch 5, 2019 0

Can model risk management combine business and glamour?

Model risk management is an important issue for companies in a number of sectors. All models – to predict demand, for example, or to support business decision making pose some risk. But both model complexity and regulatory requirements are increasing around the world, and model risk management is, therefore, becoming considerably

English

Banking

Analytics | Risk Management

Enzo RoccasalvaFebruary 26, 2019 0

Sommelier del Riesgo Entrega 1: Riesgo de Mercado

En mi opinión, sommelier no es un título, es un oficio. No se aprende, se vive... Un sommelier es un experto en vinos, él conoce de variedades y sabe cuál se adapta a cada menú. A lo largo del tiempo el concepto de sommelier evolucionó y se aplica a otros

Spanish

Banking | Insurance

Risk Management

Thorsten HeinFebruary 4, 2019 0

Und als Nächstes … IFRS 17

Im vorangegangenen Blogbeitrag bin ich darauf eingegangen, welchen geschäftlichen Nutzen die IFRS-9-Umsetzung für Banken haben kann – abgesehen davon, die Aufsichtsbehörden zufriedenzustellen. Die gleiche Frage stellt sich Versicherern vor dem Hintergrund von IFRS 17. Bis vor Kurzem war die Bilanzierung von Versicherungsverträgen denkbar einfach. Die meisten Accounting-Standards erfordern keine speziellen

German

Insurance

Risk Management

Thorsten HeinJanuary 25, 2019 0

Ein Jahr danach: Welche Chancen bietet IFRS 9?

IFRS 9 ist seit dem 1. Januar 2018 in Kraft. Heute lässt sich feststellen: Die Umsetzung hat länger gedauert als erwartet, langfristige Auswirkungen sind noch nicht absehbar. Wie in meinem vorangegangenen Blogbeitrag beschrieben, haben Banken im Großen und Ganzen den Prozess jedoch recht gut bewältigt. Angesichts der immensen Kosten stellt

German

Banking

Advanced Analytics | Risk Management

Andre ViolanteJanuary 18, 2019 0

Building credit scorecards using SAS and Python

Whether you’re applying for your first credit card or shopping for a second home – or anywhere in between – you’ll probably encounter an application process. As part of that process, banks and other lenders use a scorecard to determine your likelihood to pay off that loan. Naturally, this means

English

Risk Management

Hidden Insights: SAS Risk Customer Circle – the arrival of IFRS 17

Thorsten HeinJanuary 14, 2019 0

SAS Risk Customer Circle – the arrival of IFRS 17

Until recently the approach to accounting for insurance contracts was considerably simple. Most of the existing accounting standards do not require any special processing after estimations are made by actuaries and before they are posted in the general ledger. However, with the arrival of IFRS 17, this will definitely change.

English

Insurance

Risk Management

Hidden Insights: Year after IFRS9: What is next?

Thorsten HeinJanuary 9, 2019 0

SAS Risk Customer Circle: one year after IFRS 9: What is next?

IFRS 9 came into force on 1 January 2018. It is fair to say that the implementation projects have generally taken rather longer than planned, and the long-term impact remains unclear, but broadly speaking, banks can be said to have managed the process reasonably well. However, with implementation costs running

English

Banking

Risk Management

Carsten KrahDecember 11, 2018 0

Model Risk Management: Geschäftsnutzen und Glamour

Model Risk Management ist nicht zuletzt ein Wirtschaftsfaktor für Unternehmen. Das zeigte auch das jüngste SAS Event: Teilnehmer aus elf Banken trafen sich im Hilton Hotel am Frankfurter Flughafen zur „SAS Customer Connection for Model Risk Management“. Zum Auftakt standen aktuelle Entwicklungen im Model Risk Management im Vordergrund, die unter

German

Risk Management

Thorsten HeinDecember 10, 2018 0

Wie sieht’s eigentlich aus in Sachen IFRS-9-Implementierung?

Dass IFRS 9 spürbare Herausforderungen im Hinblick auf die Implementierung bringen würde, war von Anfang an klar. Neben den technischen Hürden haben sich Banken schon in einem sehr frühen Stadium den strengen Prüfungen durch Regulatoren, Investoren und Rating-Agenturen, Aufsichtsräten sowie externen und internen Prüfern stellen müssen. Doch verantwortungsbewusste und weitsichtige

German

Banking

Risk Management

Thorsten HeinNovember 29, 2018 0

SAS Risk Customer Circle: Assessing IFRS 9 implementation

IFRS 9 was always going to provide implementation challenges for banks. Besides the purely technical issues, there has been significant scrutiny from a very early stage involving regulators, investors and rating agencies, supervisory boards, and both external and internal auditors. However, it is not all bad: addressing the implementation challenges

English

Banking

Analytics | Risk Management

SAS KoreaNovember 20, 2018 0

은행 자본 계획부터 금융 규제 대비까지, ‘스트레스 테스트’ 완전정복!

Korean

Banking

Risk Management

Tony CartiaNovember 13, 2018 0

Dalla Model Governance al Model Risk Management

Il numero di modelli utilizzati dagli operatori nel settore finanziario, nel corso degli ultimi anni, è aumentato significativamente, dal 10 al 25% annuo presso le grandi istituzioni (“The evolution of model risk management” – February 2017 By Ignacio Crespo, Pankaj Kumar, Peter Noteboom and Marc Taymans). Gran parte dei nuovi

Italian

Banking

Analytics | Risk Management

Jeanne (Hyunjin) ByunOctober 30, 2018 0

새 금융규제로 떠오른 ‘FRTB’, 효율적인 시장 리스크 관리 전략과 구축 방안은?

Korean

Banking

Analytics | Risk Management

Hidden Insights: Stress testing for banks: More complexity but also more opportunities

Anders BergvallOctober 26, 2018 0

Stress testing for banks: More complexity but also more opportunities

In the wake of the financial crisis, regulatory requirements have increased for banks to be able to precisely document their ability to withstand economic turbulence in the global markets. This means that the ability to stress test credit performance and revenue is no longer sufficient – measures such as liquidity

English

Banking

Risk Management

Enzo RoccasalvaOctober 16, 2018 0

Score Crediticio, un modelo de calificación con procesos críticos en su ciclo de vida

Para gestionar apropiadamente una cartera de créditos y realizar una colocación adecuada de los recursos, las entidades financieras se ven en la necesidad de medir correctamente el riesgo de crédito. Particularmente en Argentina, la comunicación “A” 5398 del Banco Central de la República Argentina establece los lineamientos para la gestión

Spanish

Artificial Intelligence | Machine Learning | Programming Tips | Risk Management

Sian RobertsOctober 9, 2018 0

Deep learning for numerical analysis explained

Deep learning (DL) is a subset of neural networks, which have been around since the 1960’s. Computing resources and the need for a lot of data during training were the crippling factor for neural networks. But with the growing availability of computing resources such as multi-core machines, graphics processing units

English

Banking | Insurance

Analytics | Risk Management

SAS KoreaOctober 1, 2018 0

효과적인 엔터프라이즈 모델 리스크 관리(MRM)를 위한 5가지 원칙

Korean

Banking

Risk Management

Enzo RoccasalvaSeptember 21, 2018 0

Administración y Gestión Cualitativa del Riesgo

Hoy en día, los modelos analíticos son la sangre vital de las instituciones financieras modernas. A través de ellos se toman diferentes tipos de decisiones que afectan las necesidades de diversos interesados. Derivadas de esas decisiones se pueden producir consecuencias adversas en las entidades financieras, tanto económicas como reputacionales, dando

Spanish

Analytics | Risk Management

Jeanne (Hyunjin) ByunAugust 28, 2018 0

새 국제회계기준 ‘IFRS 17’ – IT 및 아키텍처 구축 방법

Korean

Insurance

Analytics | Risk Management

Enzo RoccasalvaAugust 2, 2018 0

IFRS 9: Aspectos claves a considerar sobre la normativa

SAS Expected Credit Loss es la plataforma integral y modular de SAS que permite atender los requerimientos de IFRS 9: desde la gestión de datos, el modelado y la estimación del deterioro hasta la previsión, la contabilidad y la generación de informes. Adicionalmente, ayuda a las organizaciones a implementar una

Spanish

Banking | Insurance

Analytics | Risk Management

Carsten KrahJuly 31, 2018 0

Stress Tests und die Aufsicht - quo vadis?

Stress Tests und die Aufsicht. Sie wird nicht müde, die Banken auf einen Pfad der Tugend zu trimmen. Dabei geht es nicht mehr nur um Kapitalpuffer, um grundsätzlich Ausfallrisiken abzudecken. Nein, vielmehr geht es zum Beispiel der EZB / EBA auch darum, einen grundsätzlichen Compliance- und Governance gerechten Geschäftsbetrieb sicherzustellen. Dabei

German

Banking

Analytics | Risk Management

Thorsten HeinJuly 31, 2018 0

IFRS-17-Architektur: ein Systemansatz

Nach den ersten beiden Beitragen zum Thema IFRS-17-Umsetzung (Teil 1 und Teil 2) geht es nun ans „Eingemachte”: die Architektur und die Systeme, die für eine 100-prozentige Erfüllung der Richtlinie benötigt werden. Voraussetzung ist eine enge Zusammenarbeit zwischen den verschiedenen Abteilungen, darunter Bestandsverwaltung, Rechnungswesen, Aktuariat und IT. Rund um die IFRS

German

Insurance

Analytics | Risk Management

Thorsten HeinJuly 26, 2018 0

IFRS 17 and IT: A solution approach

IFRS 17 will mean major changes for insurers. My previous blog post discussed questions that would need to be considered about accounting and financial impact, as well as how to manage stakeholders. This post considers implementation, and particularly questions about IT. IFRS 17 is not due to come into force

English

Insurance

Analytics | Risk Management

Thorsten HeinJuly 26, 2018 0

IFRS 17 und IT: ein Lösungsansatz

Welche einschneidenden Veränderungen IFRS 17 für Versicherer unter anderem für das Rechnungswesen und die Finanzabteilung mit sich bringt, habe ich in meinem vorangegangenen Blogbeitrag erläutert. Ein weiterer wichtiger Aspekt ist die Implementierung von Technologie, die bei der Umsetzung der Richtlinie hilft, und damit verbundene spezifische IT-Fragen. Die Richtlinie tritt doch erst

German

Insurance

Analytics | Risk Management

IFRS 17 architecture: A systems approach

Thorsten HeinJuly 18, 2018 0

IFRS 17 architecture: A systems approach

This is the third blog post in a series on IFRS 17 implementation and what insurers need to consider. This one discusses questions about architecture and the importance of a systems approach to provide end-to-end coverage. Getting the architecture right for IFRS 17 implementation will need strong collaboration between different

English

Insurance

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