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Risk Management

See how to manage risk to drive efficiency and compliance

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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Risk Management

Chrysostomos KridiotisDecember 15, 2016 0

Model Risk – Why is it important?

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

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Analytics | Risk Management

IFRS 17 – ‚Abwarten und Tee trinken‘ ist keine Option

Thorsten HeinDecember 12, 2016 0

IFRS 17 – „Abwarten und Tee trinken“ ist keine Option

Manchmal ist abwarten und Tee trinken zwar genau die richtige Strategie, aber nicht in Sachen IFRS 17. Hier können und dürfen sich die Versicherer eine solche Haltung nicht mehr leisten. Warum nicht? Weil die Aufsicht spätestens 2021 viele neue Regularien umgesetzt sehen will. Und die sind sehr komplex in ihren operativen

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Fraud & Security Intelligence | Risk Management

Alejandro González TelloDecember 7, 2016 0

Perseguir el fraude: un paso más dentro del proceso de negocios exitosos

Dentro de toda compañía la búsqueda del éxito es una constante, sin embargo, para alcanzarlo el primer paso es minimizar y de ser posible desaparecer todos los factores de riesgo que puedan ponerlo en peligro, por ejemplo, el fraude. Diversos son los factores que pueden dar paso a la presencia

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Banking | Communications | Government | Insurance | Manufacturing | Retail

Risk Management

Anne BelderNovember 15, 2016 0

Will crowdfunding change the approach to credit risk?

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. It has emerged as a way to raise money without involving big lenders, and therefore is often used for projects that simply would not get funding any other way. But

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Risk Management

Chrysostomos KridiotisNovember 3, 2016 0

IFRS 9 – Closing the Gap: a look into the Governance process

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

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Risk Management

Chrysostomos KridiotisOctober 20, 2016 0

Risk Data Aggregation and Reporting – Why now more than ever? – Part 2 of 2

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

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Risk Management

Thorsten HeinOctober 20, 2016 0

IFRS 4 Phase II: why you can’t afford to wait

There are times when ‘wait and see’ is the ideal strategy. Research shows, for instance, that some forms of prostate cancer are so benign that doing nothing except monitor is genuinely the best way to avoid harm. But with IFRS 4 Phase II, on accounting for insurance contracts, it is

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Risk Management

Per NorhammarOctober 19, 2016 0

Should credit risk include social media data?

“It is a truth universally acknowledged…” that credit risk assessment is not always either accurate or fair. Indeed, some would say that was putting it mildly, for those with little or no credit history they likely to be badly served by the current market. One way in which it has

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Risk Management

Paola RattiOctober 5, 2016 0

How analytics is enabling credit risk digitalization

Digitalization - the move towards a more digital world - is a well-established phenomenon. But the digitalization journey is not the same in every sector. Traditional practices, available skills and competitive forces are creating a new set of dynamics in the credit risk sector. Providers are coming under significant pressure

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Analytics | Risk Management

Versicherungen: Modernisierung mit Analytics

Carsten KrahSeptember 7, 2016 0

Versicherungen: Modernisierung mit Analytics

Versicherungen stehen massiv unter Druck. Negative Zinsen und ein hoher regulatorischer Druck führen auch nicht gerade zu Euphorie (versicherungswirtschaft-heute.de). Die Branche klagt, all das sei operativ gar nicht zu schaffen. Was tun? Niedrigzinsumfeld ändern? Geht nicht. Regulatorik beeinflussen? Geht nur partiell. Also bleibt nur, an Effizienz und Automatisierung von Prozessen

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Internet of Things | Risk Management

Amal MerzoukSeptember 7, 2016 0

Disrupting risk management: how financial models are changing

In many ways financial services is about risk management. Regulatory pressures such as BCBS 239, stress-testing, IFRS9, Solvency II and the Fundamental Review of Trading Book have hugely strengthened that focus. But there are other concerns too. Cost pressures are increasingly important, as is the rise of challengers to the

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Fraud & Security Intelligence | Risk Management

Christen Kirchner29/07/2016 0

Damit Betrüger keinen Fuß in die Unternehmenstür bekommen!

Formulare sind fester Bestandteil unseres Alltags. Bereits bei der Geburt werden wir datums-, geschlechts-, gewichts- und größentechnisch erfasst – sei es auf Papier oder elektronisch. Und das zieht sich durch unser ganzes weiteres Leben. Für unsere Kinder müssen wir Formulare zur Aufnahme im Kindergarten, in der Grundschule oder in der

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Risk Management

SAS ColombiaJuly 6, 2016 0

Analítica: la llave para descifrar IFRS9 y otras nuevas normas financieras

“Los que busquen saber cuándo podría darse la próxima crisis financiera deberían ponerse un recordatorio para el 1 de enero de 2018”. Así empieza un artículo elaborado por la agencia de noticias Bloomberg y publicado este año en Portafolio. El texto busca llamar la atención en torno a la importancia

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Risk Management

Martim RochaJune 24, 2016 0

To understand IFRS 9 challenges, start with a shared language

For banks across Asia and Europe, a new accounting standard is of increasing importance – IFRS 9. With the first IFRS 9 reporting deadline looming January 1, 2018, banks are trying to understand what they need to do to be ready. At its core, the IFRS 9 accounting standard introduces

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Customer Intelligence | Risk Management

Sandra HernandezJune 8, 2016 0

¿Cómo identificar oportunidades sin poner en riesgo el éxito de su organización?

Más allá de entender el riesgo como un potencial de pérdida, su definición varía ampliamente dependiendo de la industria y de muchos otros factores. Sin embargo, lo que sí es un común denominador es la necesidad de captar cómo se pueden identificar y aprovechar las oportunidades sin poner en riesgo

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Fraud & Security Intelligence | Risk Management

Dr. Wei ChenMay 10, 2016 0

Back to the future: From CCAR to enterprise risk management

As everyone in the financial industry knows, CCAR (comprehensive capital analysis and review) was set up as a capital adequacy assessment for the major US banks. Through several years of practice and feedback, CCAR has evolved into a comprehensive stress testing exercise -- and in doing so, created a new

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Risk Management

Ian JonesApril 29, 2016 0

All quiet on the Barnett Front

The Barnett Shale in North Texas hit a historic mark on April 25: Its rig count fell to zero. Two hundred rigs once harvested the 40 trillion cubic feet of natural gas in this massive basin, stretching beneath 17 Texas counties. Today, nothing. This dramatic silence in North America’s second-largest

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Data Management | Internet of Things | Risk Management | SAS Events

Petter DybvigApril 27, 2016 0

Impressions from SAS Global Forum 2016 – bigger, more connected and a strong Nordic turnout

Having just returned from a whirlwind week in sunny Las Vegas, Nevada, I want to share with you a few of the many news and impressions from our biggest event of the year. First of all, we were excited to welcome customers, partners and SAS employees to the largest

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Risk Management

Chrysostomos KridiotisApril 26, 2016 0

Risk Data Aggregation and Reporting – Why now more than ever? – Part 1 of 2

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

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Learn SAS | Programming Tips | Risk Management

Leonid BatkhanApril 13, 2016 0

Automatic data suppression in SAS reports

Have you ever used SAS to produce reports for publishing? Have you ever thought of or been told about suppressing data in such reports? Why do we need to suppress (in the sense of withholding, concealing, obscuring or hiding) data in published reports? The reason is simple - in order

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Fraud & Security Intelligence | Risk Management

Roger LangMarch 22, 2016 0

Should regulators standardize risk models?

Modeling risk to meet regulatory requirements is costly and complex. Because of that, some have suggested that financial services institutions (FSIs) move toward a set of standardized models. The argument is that central banks and regulatory authorities could then more easily monitor systemic risk and compare apples to apples. But

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Analytics | Fraud & Security Intelligence | Risk Management

Inge KrogstadFebruary 12, 2016 0

Bør datamaskinen overta på Svinesund?

Svindel har satt seg fast i global handel og ingen vet vel egentlig omfanget knyttet til illegal grensekryssing og ukorrekt eller manglende deklarering. Noen mener det utgjør 7 – 10 % av den globale økonomien. Det er i tillegg komplekse gråsoner knyttet til avgiftsberegninger og lovanvendelse for videre eksport av

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English | Norwegian

Risk Management

VirtualOil VaR Backtesting Dec 2015

Ian JonesDecember 18, 2015 0

Oil, options and inflation: Looking for a silver lining

Year-end outlooks from most analysts project the low-price environment in the oil market will continue for most of next year, but some pundits emphasize that the market has bottomed out and suggest recovery, though gradual, may be seen if increasing demand outpaces supply growth and sops up some of the

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