Michael Wein posted discussions
Jul 29, 2011
Michael Wein replied to Michael Wein's discussion COSO ERM Framework from ERM in Banking Conference
"Notes from Marcus Evans ERM in Banking Conference NYC"
Jul 29, 2011
Michael Wein replied to Michael Wein's discussion ERM in banking: Don't Stress over Stress Testing!
"Stress Test Notes from the presentation of a SVP at a large US Bank"
Jul 28, 2011
Michael Wein replied to Michael Wein's discussion ERM in banking: Don't Stress over Stress Testing!

 
Common challenges in the industry in developing
enterprise-wide stress tests
Maintaining deep historical data, with good data quality.
• Drilling down to the “right” level of granularity of the models.
• Having well-defined Stress Testing…"
Jul 28, 2011
Michael Wein replied to Michael Wein's discussion ERM in banking: Don't Stress over Stress Testing!

Learnings around Stress Testing (cont’d)
• You need to continually strive for the right balance of
quantitative analysis (e.g., modeling) and qualitative analysis
(e.g., expert/fundamental credit analysis).
• A risk management culture is enhanced…"
Jul 28, 2011
Michael Wein replied to Michael Wein's discussion ERM in banking: Don't Stress over Stress Testing!

…But remember that Stress Scenarios are developed
to be applied across all risk types.
Macro Scenario – Variables
• GDP.
• Unemployment.
• Home Prices.
• Credit spreads.
• Consumer Price Index.
Risks
• Credit, Market, Operational, Liquidity,…"
Jul 28, 2011
Michael Wein replied to Michael Wein's discussion ERM in banking: Don't Stress over Stress Testing!
"For example, for Credit Risk, there are a number of models/methodologies that can be leveraged:
Risk Rating models – mapping macro economic variables to
the drivers of capital for each risk (e.g., in the case of Credit
Risk, the drivers are PD and…"
Jul 28, 2011
Michael Wein posted a discussion
Learnings around Stress Testing• Expanded Stress Testing activities are good for the business(i.e., good risk management), and a necessary component ofan Internal Capital Adequacy Process (ICAP).• Coordinated bank-wide stress tests need to have a…
Jul 28, 2011
Michael Wein replied to Michael Wein's discussion Submit the questions you would like to ask the Risk leaders at the ERM in the Banking Industry Conference July 14-15, NYC
"1.  Lack of clarity with rules and regs
2.  Getting buy in from all lines of business
3.  Modeling accurately
4.  Sheer size of many institutions
 "
Jul 22, 2011
Michael Wein posted a discussion
From a high level overview, all of the institutions agreed that the regulatory agencies are still trying to get a handle on the latest legislation and this was echoed by a senior level person from the FDIC - "that one year after Dodd Frank, the…
Jul 22, 2011
Michael Wein replied to Michael Wein's discussion Submit the questions you would like to ask the Risk leaders at the ERM in the Banking Industry Conference July 14-15, NYC
"From a high level overview, all of the institutions agreed that the regulatory agencies are still trying to get a handle on the latest legislation and this was echoed by a senior level person from the FDIC - "that one year after Dodd Frank, the…"
Jul 22, 2011
Michael Wein replied to Michael Wein's discussion Submit the questions you would like to ask the Risk leaders at the ERM in the Banking Industry Conference July 14-15, NYC
"Dear Oscar . . . thanks so much for the question and a promotion to Dr.  My Grandmother will be very proud of me.  :)  This question covers a little slice of risk that is an important part of ERM - The conference really took a top down approach, so…"
Jul 21, 2011
Michael Wein replied to Michael Wein's discussion Submit the questions you would like to ask the Risk leaders at the ERM in the Banking Industry Conference July 14-15, NYC
"Hello Johnny - there were 50 participants in the conference, ranging from top global institutions to a $900M USD community bank.  The conventional wisdom was a combination of a&b.  Many of the firms employed their own talent to model, build and…"
Jul 21, 2011
Michael Wein replied to Michael Wein's discussion Submit the questions you would like to ask the Risk leaders at the ERM in the Banking Industry Conference July 14-15, NYC
"key conference topics



Make a business case for Enterprise Risk Management to ensure senior management and board of director buy-in for ERM initiatives


Shift from a siloed risk management approach to an ERM strategy that includes credit,…"
Jul 11, 2011
Michael Wein posted a discussion
 GlobalRisk Community - I will be reporting from the Enterprise Risk Management in the Banking Industry Conference this Thursday and Friday in NYC.....I will be posting the session topics later, so you will be able to direct specific questions to…
Jul 11, 2011

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  • Hi Michael, It’s great to have you here! Feel free to invite new people, participate in discussions, activities and share knowledge. If you've got a frog for a picture, hurry up and replace it!
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