The SAS five key credit modelling challenges
With regards to the banking sector, the development, refinement, calibration and validation of internal credit scoring and risk models is an on-going issue.
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As the economic horizon continues to shift and belts tighten, small and medium sized companies — who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) — may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues — human resource compliance. Unlike their large-company counterparts, they lack the time and resources to build infrast
The Costa Concordia, a Carnival Cruise Line owned ship, ran aground resulting in at least 6 deaths. This is a 4,000-passenger, 115,000 -ton cruise mega-ship, with the latest and greatest technology, as it is just 5 years old. As an Enterprise Risk Management (ERM) professional, my forecast is that we will learn over the next six weeks that this is not the first near miss for the Costa Cruises organization, nor the first questionable judgment call by one of their ship's captains. My bet is that o
In this challenging environment, board members and management executives are striving to maintain their tight grip on costs while maintaining a proper focus on enterprise-wide risk.
Jack S. Dybalski is Vice President and Chief Risk Officer at Xcel Energy. He will be a key speaker at the marcus evans 5th Annual Enterprise Risk Management Conference taking place in from March 19-21, 2012 in Chicago, IL.
Jack Dybalski is the Vice President and Chief Risk Officer of Xcel Energy based in Denver, Colora
A couple of days ago a customer asked me, is enterprise risk the end game and after reading a recent question on the Enterprise Risk Management linked-in forum, "Is enterprise risk a journey or a destination?", we have been encouraged to write briefly on this subject.
Is enterprise risk a journey or a destination?
My thoughts specifically can be found at this location [ Link ]
IT risk management is becoming a priority for executives as security breaches and disasters are affecting the bottom line of organizations worldwide. It’s more crucial than ever to build a mature IT risk program and to continually assess it to identify current risks and prepare for potential risks.
Join this summit to learn how to build and maintain an IT risk management program that expands your organization's security and risk posture.
WHEN: All day on January 19, 2012 and anytime afterward
With only 4 weeks left until the Life Sciences Internal Audit Conference, February 8-9, 2012 in Philadelphia, PA, don’t miss out on your opportunity to attend the event!
Join key speakers, including:
Andy Weintraub, Director, Group Internal Audit at AstraZeneca
David Bolton, Internal Audit Manager at Biomet, Inc.
Tami McLaine, Director, Audit at Baxter International
Katie McCormick, Senior Manager, Corporate Analysis & Control at Boston Scientific Corporation
Jeffrey Antoon, Director, Corporate
Learn how financial organizations can embrace a portable, standards-based architecture to create a predictable, sustainable millisecond response time environment that will increase revenue generation and opportunity optimization.
Capital markets have complex, data-intensive front-office environments that change in milliseconds. To survive and differentiate themselves, companies need predictable, high-performance technical solutions. They also must control costs. Until now, satisfying both of the
Focusing on technological innovation, business strategy and geographical markets, this guide provides thought leadership on how capital markets firms can capitalize on real-time data and leverage new risk strategies for a trading advantage.
====> http://bit.ly/CapitalMarketsGuide
Dear member/website visitor
We work with the first class sponsors who will bring you the top resources which will help you advance your career and perform your job better.
We prepared some additional great resources re
This book provides a practical set of detailed steps to implement an Information Governance program, as well as the associated automation.
IBM has assembled a comprehensive approach to Information Governance that delivers the industry's strongest portfolio of products, services, and best practices to address every organization's needs.
====> http://bit.ly/DataGovernanceEBook
Only a day or so ago, Gartner lowered its estimate for IT spending in 2012. Nothing unexpected there given the backdrop of the European economic crisis and the state of the banking sector in general. Beyond this however, there are great opportunities for IT companies which are innovative and there are several disruptive technology drivers which are forcing the banking sector to change.
In this post we look at these technology drivers.
Follow the link to continue reading
Dear member/visitor,
We work with the first class sponsors and partners who will bring you top resources which will help you advance your career and perform your job better.
Today we prepared some great resources related to Regulation, Risk and Finance for you. If you have previously registered into our White papers facility, enter only your email in the form.
1. Be the first to receive a FREE copy of Bloomberg Government Insider when you sign up and request a demo today. ===> http://bit.ly/Bloo
This whitepaper from IBM reveals three ways that the most successful companies are taking action when they deploy business analytics. Based on a recent study of business leaders, it is clear that higher performing organizations have these differentiating characteristics:
- Higher performers are challenging. They excel in disrupting the status quo, creating an environment more receptive to innovation, and bolder in its application of new insights and intelligence.
- Higher performers are anticipatin
We are a financial sourcing company with solar, wind, geothermal, algae to fuel,
biomass, electric vehicles and other GREEN projects in our portfolio.
We do not pay up front fees nor will we charge any. We will negotiate
a reasonable success fee upon funding.
We do not work with brokers. We have establishes personal connections
with all principals and as such honor their requests.
We seek new funders/investors as we receive continuous request for funding.
Most are not viable and we advise so to the re
We are often asked for insight on business measures or KPIs for ERM programs to track overall progress and effectiveness.
The key question for risk managers is: how do I measure the value ERM is delivering to my organization?
The following are examples of measures that will quantify and measure the value your ERM program is providing:
1. Number of systemic risks identified
Systemic risk identification will detect areas of upstream and downstream dependencies throughout your organization, such as w
As last year drew to a close, the Peoples Bank of China cut the reserve requirement for local banks in an effort to swiftly ease funding liquidity conditions in the country.
In this post, we look at this tactic and why the central bank is doing this.
Follow the link to continue reading
Earlier on this month The International Accounting Standards Board decided to push out the effective date for IFRS 9 by another two years.
It is starting to look like the IFRS 9 impairment requirement has ended being more difficult than expected.
More can be found by following this link
Question : I have a situation in manufacturing operations where we have to take a judgmental decision on our equipment’s re-furbishing based on visual inspection.
It is a very crucial area of the business since it is part of the complex and risky Klinkerization process. In the short of it, we have to decide whether to replace brick lining which is critical for the survival of the equipment before the next shutdown and that is a year later.
Response : There are several ways I would go about dimensi
Below is the link to my final newsletter for 2011.
The feature article this month focuses on Stress Testing. Stress Testing is now a widespread and well understood concept in the banking industry but less so in the corporate sector. I explore what businesses outside the banking industry can learn from this experience and the important role Stress Testing can play in improving the overall management of an organisation.
In the regular series on a specific category of risk, I discuss Reputation R
Four methods for using external data in a banks operational risk OpVar calculations the saga of external data continues.
Under Basel II operational risk Advanced Measurement Approach for quantifying operational risk losses, banks need to factor external loss data into their internal capital models. The argument is old and has been debated for years but this topic has resurfaced again among many financial institutions.
In this journal, we look at key practices for implementing external loss data in
