August 2013 Blog Posts (16)

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Managing Risk with Options


Our partner, launched its first public $100K challenge in March of 2013. The Challenge is a unique concept where they try to turn $3,000 into $100,000 in only 4 months! They use a live brokerage account and allow active subscribers to follow each trade in real time via email, text, and live video.  The question is: Have they ever turned $3k into $100k? Yes: They have accomplished this feat twice with other success of 47K,…


Added by GlobalRiskCommunity on August 29, 2013 at 3:30pm — No Comments

Basel Committee Ushers in Next Phase of Enterprise/Integrated Risk Management

The Basel Committee, which creates regulations for banks, has published a set of principles regarding effective risk data aggregation and risk reporting, which will provide a fantastic business case for risk professionals to improve their risk frameworks. I’ve included highlights below, but you can take a look at the full report here.

The principles for effective risk data aggregation and risk reporting will be…


Added by SecondFloor on August 29, 2013 at 3:06pm — 3 Comments

Is This a French QIS? French Get Chance to Learn from Others’ Mistakes with L’exercice 2013 de Preparation a Solvabilite II

L’exercice 2013 de preparation a Solvabilite II, something close to a French Solvency II dry run scheduled for September 2013, gives French insurers the chance to immediately take advantage of the lessons learned by other European insurers that raced to be ahead of the Solvency II curve. Many of the mid-size and small French mutual insurers (les mutuelles) held back from initiating projects and they can now draw on the best practices that have come out of early adopter projects across Europe…


Added by SecondFloor on August 29, 2013 at 2:53pm — No Comments

New guidance for systemically Important banks adds to the data management burden

The new category of domestic systemically important banks will increase the data management and disclosure burden on qualifying institutions, at a time when many are already feeling the strain.

Banks that escaped classification as G-SIFIs in 2011 may have breathed a sigh of relief at the time, but for many, that relief will have been short-lived. In October last year, the Basel Committee on Banking Supervision (BCBS) …


Added by SecondFloor on August 29, 2013 at 2:49pm — No Comments

Risk Leadership: Recommended Reading

I was recently asked by a young risk professional for recommendations on good books on risk.  Here is my short list:

Against the Gods – The Remarkable Story of Risk, by Peter Bernstein – A great story as well as very informative.

The Black Swan, by Nassim Taleb – Some…

Added by Bryan Whitefield on August 29, 2013 at 1:14pm — No Comments

Less than two weeks to the first ever LevInvest gathering!

September is just around the corner - and while that may mean waving goodbye to an excellent bout of weather, I'm delighted that our inaugural LevInvest gathering is so close.

The 7th Annual Leveraged Finance Conference will be co-located with The European CLO Congress, and delegates can enjoy…


Added by Euromoney Seminars on August 22, 2013 at 10:18am — No Comments

Climate-Changing Regulatory Standards Challenge Banking Industry

Today’s banking industry must deal with an evolving regulatory landscape by developing new and innovative strategies for acquiring and optimizing capital. Banks must find a new way to raise capital, maintain a functional capital structure, and continue providing the products and services their customers demand while staying profitable. The new deadline for implementing the Basel III capital requirements makes capital management the most important issue for banks today.

Bogie Ozdemir,…


Added by Tyler Kelch on August 16, 2013 at 11:25pm — No Comments

Change Management and Operational Risk with AllianceBernsten, L.P.

Interview with Paul Emerson, Vice President, Asset Allocation, Risk Management at AllianceBernstein, L.P.

Operational risk management has moved beyond the simple calculation of capital requirements. Today operational risk managers need to have a proactive, holistic approach to operational risk to ensure they maintain their organizations’ profitability and reputation. Recent financial scandals have shown…


Added by Tyler Kelch on August 16, 2013 at 11:20pm — No Comments

Analyzing Effective Asset Valuation and Hedging Strategies to Optimize Investments

The energy market is becoming increasingly competitive and volatile. The key to maintaining a competitive advantage is to develop effective hedging strategies and minimize risk exposure. With the new regulations introduced by the Dodd Frank Act, energy companies have seen a big change in their approach to hedging and they are on the look-out for establishing effective hedging strategies to value their assets and optimize their revenue.

Stephen Wemple, Vice President, Regulatory…


Added by Tyler Kelch on August 16, 2013 at 11:15pm — No Comments

Experts Reveal How Developing Operational Risk Tools Minimize Operational Losses

Operational risk management has evolved from the simple calculation of capital requirements to a proactive, holistic approach. This new strategy ensures that operational risk managers maintain their organizations’ profitability and brand reputation. In fact, recent financial scandals revealed that operational risk can result in incredible losses that many organizations can sometimes never fully recover from.

According to Ger Jan Meijer, Director of Operational Risk Management for…


Added by Tyler Kelch on August 16, 2013 at 11:07pm — No Comments

This week’s DIY project – quant trading

Quantopian, a start-up from Boston, wants to help ambitious traders disprove what many people have accepted for quite a while now – that while an individuals may get lucky from time to time, they cannot beat the market over a long period of time.


The company provides a service that allows individual traders to write their own trading algorithms and use…


Added by Laura Lupo on August 15, 2013 at 7:56pm — No Comments

Antifragile - Dose Response

In this posting we take a look at Nassim Taleb's video and show a working example of the Sigmoid function in R Project.

Many risk practitioners approach the quantification of risk by…


Added by Martin Davies on August 14, 2013 at 9:30am — No Comments

Supply Chain Risk Management

A survey conducted by APQC found that in the past two years, 75% of companies were hit by at least one major unexpected disruption to their supply chain, defined as an incident with the capability of preventing a business from fulfilling promises to its customers. And what's more worrisome? Many of the organizations surveyed are proposed advocates of Supply Chain Risk Management and Enterprise Risk Management (ERM).…

Added by Steven Minsky on August 7, 2013 at 5:00pm — No Comments

Putting Profitability at Risk – Banking IT investment is on the Rise, but will we see a Long-Term Downfall of the Short-Sighted?

According to a report published by Technology Business Research last week, IT investment among North American banks is on the rise, with one of the main drivers for this being data management. This echoes findings of research SunGard recently conducted into risk management trends and priorities among more than 750 of our banking customers in 60 countries. Over 50% of respondents confirmed that their IT budgets for risk management has increased or remained stable since 2012. In the US, 65% of…


Added by Markus Gujer on August 7, 2013 at 2:45pm — No Comments

Shaking up the onboarding status quo

Ask most financial institutions about onboarding new reconciliations and the response you’ll get is one big manual headache. Luckily the status quo with lengthy delays and manual processing issues is undergoing a shakeup. A recent benchmark survey with Aite Group reviews the existing onboarding challenges and highlights room for improvement.

Onboarding a new reconciliation has a complex lifecycle. Typically, it will include defining business…


Added by NeilVernon on August 5, 2013 at 11:59am — No Comments

Risk Leadership: Using Risk Appetite to Engage Boards

Ten years ago nine out of ten CFOs I was consulting to would tell me their CEO was too busy to meet to discuss the risk program under development.  The CFO was tasked with the job and we should just get on with it.  Today it is less likely to be a problem to meet with the CEO on risk, however, getting to the Board still seems to have its challenges for many risk professionals.  My experience is that “risk appetite” is one of the best tools to engage the Board. …


Added by Bryan Whitefield on August 1, 2013 at 7:00am — No Comments

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