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Risk Management

See how to manage risk to drive efficiency and compliance

Analytics | Risk Management

Thorsten HeinJuly 16, 2018 0

IFRS 17 – ein neues Paradigma im Rechnungswesen

Der neue International Financial Reporting Standard (IFRS 17) stellt Versicherer vor Veränderungen, wie sie die Branche selten zuvor erlebt hat. Die Vorgaben sollen die Transparenz im Finanzberichtswesen verbessern und außerdem eine Grundlage für die Vergleichbarkeit mit anderen Branchen schaffen. Analysten und andere Branchenspezialisten haben diese Vergleichbarkeit schon seit langer Zeit

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Risk Management

Peter PlochanJuly 13, 2018 0

Und so geht die effiziente Einbindung von Enterprise Model Risk Management

Dass das Management von Modellrisiken eine umfassende Perspektive erfordert, habe ich in Teil 1 meiner Serie "Modellrisiko – worum geht’s dabei eigentlich?" beschrieben. Diese folgenden fünf Prinzipien sind grundlegend für den Erfolg beim Design und bei der Implementierung eines Model Risk Management Framework: 1. Decken Sie das gesamte Spektrum in

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Risk Management

Peter PlochanJuly 6, 2018 0

Enterprise Model Risk Management: Eine ganzheitliche Sicht ist entscheidend!

Model Risk Management (MRM) ist im Grunde nichts Neues: Finanzinstitute nutzen seit Jahrzehnten Modelle für ihre Entscheidungsfindung. Seit Kurzem jedoch ist das MRM formalisierter und strenger. Regulatorische Anforderungen – zum Beispiel die gezielte Überprüfung interner Modelle (kurz: TRIM) der Europäischen Bankenaufsichtsbehörde (EBA) – nehmen Banken in die Pflicht, die Compliance

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Analytics | Risk Management

Peter PlochanJune 25, 2018 0

The Emergence of Enterprise Model Risk Management

Model risk management (MRM) is not a new topic; financial institutions have been relying on models to support their decision making for decades. Recently, however, the MRM discipline has become more formalised and rigorous. Regulatory activities, such as the recent European Banking Authority's (EBA) Targeted Review of Internal Models, require

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Risk Management

Hidden Insights: Crunch Time in the Banking Sector: Why Stress Testing Means Bringing Risk and Finance Together

Matthias PistonMay 28, 2018 0

Crunch Time in the Banking Sector: Why Stress Testing Means Bringing Risk and Finance Together

With the European Banking Association (EBA) stress test and the Targeted Review of Internal Models (TRIM) initiative in 2018, there are more reasons than ever for banks to be consistently data-oriented and analytical. All banks know that. The bad news is that very few institutions are fully convinced of the

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Analytics | Fraud & Security Intelligence | Risk Management

Geldwäscheprävention

Patrick Töniges

Patrick TönigesMay 28, 2018 0

Sterben klassische Transaktions-Monitoring-Systeme in der Geldwäscheprävention aus?

Im Rahmen meiner Tätigkeit im Vertrieb von Compliance-Software-Lösungen bin ich hauptsächlich im Bankensegment unterwegs, zunehmend aber auch bei Versicherungen. Dank kluger CRM-Systeme wird mir bewusst gemacht, dass ich in acht Jahren etwa 1.600 Gespräche mit den Verantwortlichen für Geldwäsche- und Betrugsprävention geführt habe. Das ist unfassbar. Wir „Vertriebler“ produzieren zwar

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Analytics | Risk Management

Matthias PistonMarch 27, 2018 0

„Crunch Time” im Bankensektor: Warum Stresstests jetzt Risk und Finance zusammenbringen

EBA-Stresstest, TRIM-Initiative – es gibt 2018 mehr denn je dringende Gründe für die Banken, sich konsequent datenorientiert und analytisch aufzustellen und so vom Gejagten der Aufsicht zum Jäger nach mehr Wertschöpfung zu werden. Alle Banken wissen das. Die schlechte Nachricht: Die wenigsten Institute widmen sich diesem Thema ohne Wenn und

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Data Management | Risk Management

Colin GrayFebruary 12, 2018 0

It’s (still) not fair

As we progress into 2018, the General Data Protection Regulation (GDPR) is looming on most organisations’ radar. The requirements are becoming clearer, but there is still some ambiguity about precisely what needs doing. There is, however, no question that algorithms are an area of concern, and in particular, whether their

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Risk Management

Business Analytics Portugal

Business Analytics PortugalFebruary 1, 2018 0

O estado actual da PSD2

Já está em vigor e traz mudanças para o sector bancário: a PSD2 – Payment Service Directive – que regulamenta os pagamentos electrónicos. Mas qual o estado de implementação da Directiva e o seu impacto no negócio? Um estudo levado a cabo entre Agosto e Setembro de 2017 pela Deloitte

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Analytics | Fraud & Security Intelligence | Risk Management

Jeanne (Hyunjin) ByunJanuary 30, 2018 0

현대해상, ‘보험사기인지시스템(IFDS)’ 고도화로 보험사기 리스크 관리 강화

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Analytics | Risk Management

Datos analítica

Luis BarrientosJanuary 23, 2018 0

IFRS9, ¿reto u oportunidad en este nuevo año?

2018 lo iniciamos con fuerzas e ideas renovadas para desarrollar y alcanzar nuevas metas tanto en el ámbito personal como el empresarial. Particularmente, en este año nos enfrentamos al desafío de cumplir con las nuevas regulaciones impuestas por la Comisión Nacional Bancaria y de Valores (CNBV) y sus implicaciones inmediatas,

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Fraud & Security Intelligence | Risk Management

Jeanne (Hyunjin) ByunJanuary 18, 2018 0

새 국제회계기준 ‘IFRS 17’, 보험 업계 정조준

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Advanced Analytics | Programming Tips | Risk Management

Hartmut KömmeJanuary 15, 2018 0

Visualizing stress testing risk scenarios

Since the financial crisis, banking regulators have started to use stress testing as a way to examine how banks will manage under adverse conditions. The idea is to ensure that banks hold enough capital to survive economic shocks. The European Banking Authority published its draft stress-testing methodology for 2018 back

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Banking | Insurance

Risk Management

Thorsten HeinJanuary 10, 2018 0

Model risk management in an increasingly complex world

Like stress testing, model risk management is one of the current ‘hot topics’ in banking. Discussed extensively at a recent risk executive roundtable in Amsterdam, it is clear that the issue is exercising minds to a considerable degree. What’s more, it is also only likely to become more important in

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Risk Management

Tony CartiaJanuary 9, 2018 0

Gli impatti di IFRS 17: è tempo di affrontarli

Quest’articolo è stato tradotto e integrato dal post originale di Lee Thorpe È un cambiamento fondamentale quello a cui le compagnie assicurativa stanno andando incontro. L’IFRS 17 sarà introdotto dallo IASB (International Accounting Standards Board) a partire dal 2020 e trasformerà la modalità di costruzione dei bilanci. Coerentemente con gli

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Artificial Intelligence | Risk Management

Alex Kwiatkowski

Alex KwiatkowskiJanuary 8, 2018 0

Banking in 2018: Plus ça change

Another year’s over, a new one’s just begun. And it’s time to answer that most crucial of questions: ‘What does 2018 hold in-store for EMEA banking?’. Unless I’m missing something obvious, all the signs point to the coming 12 months being characterised by the usual ‘evolution not revolution’, and anybody

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Risk Management

Carsten KrahJanuary 4, 2018 0

Digitization of risk management

Since the financial crisis, risk management in banks has grown in importance, and therefore so has the need for digitization. Regulations have called for stronger risk management of business processes. The first direct requirements for capital requirements and liquidity management were introduced in Basel III, but this has continued since.

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Risk Management

Thorsten HeinJanuary 3, 2018 0

Why stress testing continues to be a hot risk button

Stress testing is one of the hot topics of the moment for risk management in banking. A ‘stress test’ is an analysis designed to check whether the bank is holding enough capital to be able to manage a rapid downturn. It is, basically, a way to test the resilience of

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Risk Management

Carsten KrahDecember 20, 2017 0

Regulieren wir uns um Kopf und Kragen? (Stresstest, TRIM)

Regulierung, Kostendruck und technologische Weiterentwicklung – ist abwarten und Tee trinken die bessere Strategie für die Banken, als die Ärmel hochzukrempeln und loszulegen, nur, weil die Regulierung mal wieder hustet? Wie gehen Institute mit den immerwährenden neuen Regulierungen um? Wie sieht es in der Praxis aus, sind Basel, IFRS oder

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Advanced Analytics | Analytics | Risk Management

Hartmut KömmeDecember 14, 2017 0

Was bringt die Zukunft? Auswertung von Risiko-Szenario-Pfaden

Die Abbildung einer möglichen zukünftigen Situation ist eine Kernaufgabe des Risiko-Managements. Dazu werden unterschiedlich komplexe Modelle mit möglichen Szenarien durchgerechnet. Hierbei erhält man pro Szenario und Vorhersage-Zeitpunkt ein Ergebnis. Bei mehrperiodischen Vorhersagen (z. B. bei Kredit-Portfolien oder Lebensversicherungen) gibt es pro Szenario einen Ergebnis-Pfad. Im Folgenden zeige ich, wie man mit

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Banking | Insurance

Risk Management

Chrysostomos KridiotisNovember 21, 2017 0

EBA Stress Testing 2018: How the inclusion of IFRS 9 is impacting the need for change to the Stress Testing Framework of Banks

A bank stress test is the analysis conducted under unfavorable economic scenarios designed to determine whether a bank has enough capital to withstand the impact of adverse developments. Especially in the years since the wake of the 2007-2008 financial crisis, it has been actively promoted by authorities and regulators as

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Risk Management

model governance

Spyros Maltezos

Spyros MaltezosNovember 16, 2017 0

8 key elements for a solid model governance framework

In recent years, widespread use of sophisticated mathematical, statistical and deterministic models has allowed financial institutions to make strategic decisions with a new level of knowledge. At the same time, these models have led them towards additional needs: quantifying, measuring and managing model risk. On top of that, regulators have

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Risk Management

Spyros Maltezos

Spyros MaltezosOctober 24, 2017 0

Targeted Review of Internal Models - TRIM - 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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Data Management | Risk Management

Chrysostomos KridiotisOctober 18, 2017 0

EBA Stress Testing 2018: How the inclusion of IFRS 9 is impacting the need for change to the Stress Testing Framework of Banks

A bank stress test is the analysis conducted under unfavorable economic scenarios designed to determine whether a bank has enough capital to withstand the impact of adverse developments. Especially in the years since the wake of the 2007-2008 financial crisis, it has been actively promoted by authorities and regulators as

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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. New risk data architecture is needed to focus on the integration of time

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Banking | Communications | Energy & Utilities | Insurance

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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Banking | Insurance

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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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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