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Risk Management

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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

Spanish

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

English

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

Spanish

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

English

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

English

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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Banking

Risk Management

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

English

Risk Management

Casey NovakDecember 2, 2015 0

Learning from theSkimm to simplify bank stress testing

I have a short attention span. So, imagine my delight when a colleague of mine introduced me to theSkimm. If you are not familiar, theSkimm takes the top news stories of the day and summarizes them quickly, in ways that are easy to understand – and often linked to pop

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Data Visualization | Risk Management

Ian JonesNovember 27, 2015 0

From boom to bust: Searching for sustainability in the new oil climate

Times have changed. As the oil industry shutters and sheds investments that made sense during the two-year period in which oil rode comfortably above $90, the market is establishing a new equilibrium at $40/barrel. This despite the fact that the Baker Hughes domestic rig count is down 64 percent. It’s

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Data Visualization | Risk Management

Ian JonesOctober 8, 2015 0

Oil portfolio restructured and back in the money

Though crude oil prices edged up last week, the market remains well below VirtualOil’s original $50 strike price, meaning the hypothetical portfolio’s production is shut in in the spot market again. Oversupply continues while China GDP forecasted growth is slowing. Given the market outlook, the VirtualOil board has decided to

Data Management | Risk Management

Larry RoadcapNovember 10, 2014 0

Value from Business-Driven Stress Testing

Going Beyond Regulatory-Mandated Tests to Achieve True Risk Management I regularly hear banking customers talk about ‘sweating their assets’ - leveraging their substantial investments in expanded teams of risk analysts, re-engineered processes and new risk systems for Basel II and III compliance – to gain better insights into their business.

Risk Management

Larry RoadcapSeptember 23, 2014 0

Five Keys to Successful Stress Testing

Stress testing is not new to the risk world but has been a major focus since the GFC (Global Financial Crisis). For a number of years now, stress testing has helped analytical specialists quantify various aspects of potential loss. What is new is the introduction of regulatory stress tests which

Analytics | Risk Management

Leo SadovyFebruary 18, 2014 0

Agile risk management – What might that look like?

I had the opportunity to moderate a roundtable discussion on risk management at the International Institute for Analytics’ (IIA) winter symposium in Orlando earlier this month. I set the stage for the session with a brief overview of my favorite risk approach, “Competing on Value”, by Mack Hannan and Peter

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Analytics | Risk Management

Leo SadovyOctober 15, 2013 0

Innovating for the Numerator

The National Academy of Engineering identified fourteen "Grand Challenges for Engineering" that must be addressed in order to achieve a sustainable, economically robust, and politically stable future. (see the full list here) The challenges are a call-to-action for solutions to some of the most pressing issues in the 21st century:

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Manufacturing

Risk Management

Leo SadovyApril 2, 2013 0

Twenty-four extra-large bunny suits

I worked at the General Dynamics (now Lockheed-Martin) F-16 jet fighter plant in Fort Worth, Texas, during the mid-1980’s, where they subsequently manufactured the F-22 and now the F-35. My tenure there spanned the era of the $400 hammer and $700 toilet seat scandals in the military procurement world. While

Risk Management | Work & Life at SAS

Leo SadovyMarch 5, 2013 0

Corporate culture: Your organization’s response to stress

“Culture eats strategy for breakfast”. If we’ve heard it once we’ve heard it a thousand times. I even wrote one of my early posts on this topic (“When metrics collide”). Consultants, analysts, academics and other thought leaders have examined and questioned its veracity, but still the consensus seems to be that

Analytics | Risk Management

Leo SadovyDecember 4, 2012 0

“Any fool can make a rule …

… and any fool will mind it”. ~ Henry David Thoreau. The EPA was in my neighborhood several weeks ago testing well water - never a good sign. It was determined that the subdivision just north and upstream of us had once been the site of a farm contaminated by

Analytics | Risk Management

Leo SadovyOctober 23, 2012 0

The skeptical CFO

During a recent presentation on performance management I had an audience member ask me if perhaps I had minored in cynicism along with my degree in finance. I replied that, with the science, psychology and philosophy I’d taken, I probably had minored in skepticism, but that the cynicism came later,

Risk Management

Maged TawfikOctober 22, 2012 0

Risk & fragility: Subjective, risk is

I asked a Nuclear Engineering Professor friend of mine, after the Fukushima power plant disaster of March 2011, whether that incident would have a positive or a negative impact on his industry. His response was that it would have a short-term positive impact as a result of publicity generating a

Analytics | Risk Management

Leo SadovyMarch 28, 2012 0

Conversational analytics

When you begin your career your most important skills are your hard, technical skills; the finance and accounting, the statistics and economics, the physics and chemistry, the engineering and calculus. But as I tell my business school mentees, as your career progresses, the emphasis changes such that much sooner than

Analytics | Risk Management

Shannon HeathMarch 15, 2012 0

Could high-performance analytics have prevented the housing crisis?

There's been a lot of conversation recently around SAS High-Performance Analytics. And, rightly so - it's incredibly cool and applicable to every industry imaginable, including financial services. What if your risk calculations had seen the '08 credit collapse in time? CBS SmartPlanet addresses this (and highlights SAS High-Performance Analytics, with

Risk Management

Alison BolenFebruary 23, 2012 0

Higher performance, lower risk with grid computing

The volatile financial markets leave no wiggle room for risk. Or second thoughts. We need the right answers to some tough questions, and we need them now. There is zero tolerance for errors. And no time for delays. Samsung Securities gets it. That's why they've boosted their SAS solution for enterprise risk management

Risk Management

Leo SadovyNovember 1, 2011 0

Normal accidents, Risk, and the Man who Saved the World

If you are feeling out of sorts, a bit down and out, and want to take it all the way to full-blown depression, have I got a book recommendation for you: “Normal Accidents”, by Charles Perrow (1984). Perrow’s premise is that we have designed certain systems, nuclear reactors being his primary

Risk Management

Waynette TubbsOctober 19, 2011 0

CFPB interview: Product development in the era of regulatory unrest

One of the most widely attended sessions at the BAI Retail Delivery conference was a Q&A hosted by John Colas, Partner at Oliver Wyman. Colas was interviewing David Silberman, the Assistant Director, Deposit and Payment Markets Consumer Financial at the Consumer Financial Protection Bureau (CFPB). As you can imagine, there

Analytics | Risk Management

Peter DorringtonJune 17, 2011 0

An educated use of risk models in the financial services sector

I had the pleasure to be the host of the Risk and Finance Insight Session on the second day of The Premier Business Leadership Series, where we discussed the subject of enterprise risk management and financial stewardship. With global, political and financial upheaval becoming the norm (and during the conference

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Analytics | Risk Management

Ed WalkerJune 15, 2011 0

Risk: confident or complacent?

A panel of risk experts gave their reaction to the publication of the fifth global risk management survey report undertaken by SAS and the Economist Intelligence Unit. The report suggests that while lessons have been learned, some institutions may be sliding into complacency. At any rate, risk appetites are growing

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Analytics | Risk Management

Leo SadovyMay 27, 2011 0

A Plethora of Black Swans

I was under the impression that Black Swans were supposed to be rare. Rare enough to be effectively non-computable by standard methods. Nassim Taleb’s formulation of the Black Swan Theory is comprised of the three traits of: outlier (rarity), extreme impact, and retrospective predictability (i.e. 20/20 hindsight). I write this

English

Risk Management

Rachel Alt-SimmonsApril 19, 2011 0

Putting the enterprise in enterprise risk management

The goal of enterprise risk management (ERM) is to eliminate the siloed approach to identifying, monitoring and managing risk practices throughout an organization. By applying a consistent approach to ERM policies and procedures through a clearly delineated organizational risk hierarchy, organizations can mitigate risk and identify new business opportunities. Insurers

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