Principles For Effective Risk Data Aggregation And Risk Reporting
DOWNLOAD
Download Principles For Effective Risk Data Aggregation And Risk Reporting PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Principles For Effective Risk Data Aggregation And Risk Reporting book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Principles For Effective Risk Data Aggregation And Risk Reporting
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2013
Principles For Effective Risk Data Aggregation And Risk Reporting written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Banks and banking categories.
"One of the most significant lessons learned from the global financial crisis that began in 2007 was that banks' information technology (IT) and data architectures were inadequate to support the broad management of financial risks. Many banks lacked the ability to aggregate risk exposures and identify concentrations quickly and accurately at the bank group level, across business lines and between legal entities. Some banks were unable to manage their risks properly because of weak risk data aggregation capabilities and risk reporting practices. This had severe consequences to the banks themselves and to the stability of the financial system as a whole. The Basel Committee's Principles for effective risk data aggregation will strengthen banks' risk data aggregation capabilities and internal risk reporting practices. Implementation of the principles will strengthen risk management at banks - in particular, G-SIBs - thereby enhancing their ability to cope with stress and crisis situations."--Abstract.
Progress In Adopting The Principles For Effective Risk Data Aggregation And Risk Reporting
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2020
Progress In Adopting The Principles For Effective Risk Data Aggregation And Risk Reporting written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Bcbs 239
DOWNLOAD
Author : Peter Haines
language : en
Publisher:
Release Date : 2017
Bcbs 239 written by Peter Haines and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Banks and banking categories.
Risk Accounting
DOWNLOAD
Author : Allan D. Grody
language : en
Publisher:
Release Date : 2016
Risk Accounting written by Allan D. Grody and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
In the period following the global financial crisis high profile regulatory breaches and other instances of banks' misconduct triggered widespread concern that the culture and standards of conduct in banks had declined to a point of unacceptability. The crisis also brought into sharp focus the inability of banks to completely and accurately report the risks they accept in order to create shareholder value. These events and circumstances culminated in a crisis of trust between banks and their stakeholders that include governments, regulators, investors and customers. In this same period regulators focused on their primary 'capital-at-risk' regimes administered through the Basel capital accords, reinforcing additional levels of capital as a bank's primary protection against unexpected losses. At the same time Basel introduced 'firm-at-risk' mandates that required improvements in banks' control over risk data and associated technology infrastructure. The most significant game changing post-crisis regulatory mandate in this regard is the Basel Committee's principles for effective risk data aggregation and risk reporting also known as 'BCBS 239'. This new mandate requires banks: to implement controls over risk data that are as robust as those applicable to accounting data; to create accurate and single authoritative sources of risk data; and to ensure the precision, timeliness, comprehensiveness and adaptability of risk reporting. BCBS 239 effectively sets the parameters for enterprise risk management (ERM) and provides the foundation on which risk governance and risk cultures can positively evolve.Whereas BCBS 239 expressly states that a common risk metric for all forms of risk is not required, the authors challenge this thinking and argue that it is only through the adoption of a common risk metric that the objectives of BCBS 239 can be reasonably achieved. Part 1 of this paper explains why bankers - risk managers and accountants in particular - must view the need for the convergence of finance and risk systems within a common control and reporting framework as an imperative. Part 2 describes the 'Risk Accounting' methodology and its introduction of both a common measurement framework for all forms of risk and a common risk metric, the 'Risk Unit' or RU.
Evaluation Of Application Of Ontology And Semantic Technology For Improving Data Transparency And Regulatory Compliance In The Global Financial Industry
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2015
Evaluation Of Application Of Ontology And Semantic Technology For Improving Data Transparency And Regulatory Compliance In The Global Financial Industry written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
In the global financial industry, there are increasing motivations for financial data standardization. The financial crisis in 2008 revealed the risk management issues, including risk data aggregation and risk exposure reporting, at many banks and financial institutions. After the crisis, the Dodd-Frank Act required transaction data of derivatives trades to be reported to Swap Data Repositories (SDRs). In addition, the Basel Committee on Banking Supervision (the Basel Committee) issued the Principles for effective risk data aggregation and risk reporting (BCBS 239) in January 2013. These new regulatory requirements aim to enhance financial institutions' data aggregation capabilities and risk management practices. Using ontology and semantic technology would be a plausible way to improve data transparency and meet regulatory compliance. The Office of Financial Research (OFR) has considered a project recommended by Financial Research Advisory Committee (FRAC) to explore the viability of a comprehensive ontology for solving existing data challenges, such as the Financial Industry Business Ontology (FIBO). FIBO, which could be a credible solution, is an abstract ontology for data that is intended to allow firms to explain the semantics of their data in a standard way, which could permit the automated translation of data from one local standard to another. This thesis studies the new regulatory requirements, analyzes the challenges of implementing these regulations, proposes a possible solution, and evaluates the application of semantic technology and FIBO with a use case. The thesis tries to explain how semantic technology and FIBO could be implemented and how they could be beneficial to risk data management in the financial industry.
Risk Data Aggregation And Reporting Principles
DOWNLOAD
Author : British Columbia. Financial Institutions Commission. Risk Data Working Group
language : en
Publisher:
Release Date : 2019
Risk Data Aggregation And Reporting Principles written by British Columbia. Financial Institutions Commission. Risk Data Working Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Asset-liability management categories.
Wiley Frm Exam Review Study Guide 2016 Part I Volume 1
DOWNLOAD
Author : Wiley
language : en
Publisher: John Wiley & Sons
Release Date : 2016-01-19
Wiley Frm Exam Review Study Guide 2016 Part I Volume 1 written by Wiley and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-19 with Business & Economics categories.
Analyzing Banking Risk Fourth Edition
DOWNLOAD
Author : Hennie van Greuning
language : en
Publisher: World Bank Publications
Release Date : 2020-06-10
Analyzing Banking Risk Fourth Edition written by Hennie van Greuning and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-10 with Business & Economics categories.
Analyzing Banking Risk: A Framework for Assessing Corporate Governance and Risk Management provides a comprehensive overview of topics focusing on assessment, analysis, and management of financial risks in banking. The publication emphasizes risk management principles and stresses that key players in the corporate governance process are accountable for managing the different dimensions of financial and other risks. This fourth edition remains faithful to the objectives of the original publication. It covers new business aspects affecting banking risks, such as mobile banking and regulatory changes over the past decade—specifically those related to Basel III capital adequacy concepts—as well as new operational risk management topics such as cybercrime, money laundering, and outsourcing. This publication will be of interest to a wide body of users of bank financial data. The target audience includes the persons responsible for the analysis of banks and for the senior management or organizations directing their efforts. Because the publication provides an overview of the spectrum of corporate governance and risk management, it is not aimed at technical specialists of any particular risk management area. *** Hennie van Greuning was formerly a Senior Adviser in the World Bank’s Treasury Unit and previously worked as a sector manager for financial sector operations in the World Bank. He has been a partner in a major international accounting firm and a controller and head of bank supervision in a central bank. Since retiring from the World Bank, he has chaired audit, ethics, and risk committees in various banks and has been a member of operational risk and asset-liability management committees. Sonja Brajovic Bratanovic was a Lead Financial Sector Specialist at the World Bank, after a career as a senior official in a central bank. With extensive experience in banking sector reforms and financial risk analysis, she led World Bank programs for financial sector reforms, as well as development projects. Since her retirement, she has continued as a senior consultant for World Bank development projects in the financial sector, as well as an advisor for other development institutions.
Bank Regulation Risk Management And Compliance
DOWNLOAD
Author : Alexander Dill
language : en
Publisher: Taylor & Francis
Release Date : 2019-10-01
Bank Regulation Risk Management And Compliance written by Alexander Dill and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-01 with Law categories.
Bank Regulation, Risk Management, and Compliance is a concise yet comprehensive treatment of the primary areas of US banking regulation – micro-prudential, macroprudential, financial consumer protection, and AML/CFT regulation – and their associated risk management and compliance systems. The book’s focus is the US, but its prolific use of standards published by the Basel Committee on Banking Supervision and frequent comparisons with UK and EU versions of US regulation offer a broad perspective on global bank regulation and expectations for internal governance. The book establishes a conceptual framework that helps readers to understand bank regulators’ expectations for the risk management and compliance functions. Informed by the author’s experience at a major credit rating agency in helping to design and implement a ratings compliance system, it explains how the banking business model, through credit extension and credit intermediation, creates the principal risks that regulation is designed to mitigate: credit, interest rate, market, and operational risk, and, more broadly, systemic risk. The book covers, in a single volume, the four areas of bank regulation and supervision and the associated regulatory expectations and firms’ governance systems. Readers desiring to study the subject in a unified manner have needed to separately consult specialized treatments of their areas of interest, resulting in a fragmented grasp of the subject matter. Banking regulation has a cohesive unity due in large part to national authorities’ agreement to follow global standards and to the homogenizing effects of the integrated global financial markets. The book is designed for legal, risk, and compliance banking professionals; students in law, business, and other finance-related graduate programs; and finance professionals generally who want a reference book on bank regulation, risk management, and compliance. It can serve both as a primer for entry-level finance professionals and as a reference guide for seasoned risk and compliance officials, senior management, and regulators and other policymakers. Although the book’s focus is bank regulation, its coverage of corporate governance, risk management, compliance, and management of conflicts of interest in financial institutions has broad application in other financial services sectors. Chapter 6 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
Acrn Proceedings In Finance And Risk Series 13
DOWNLOAD
Author : Dr. Othmar M. Lehner
language : en
Publisher: ACRN Publishing House
Release Date : 2014-03-06
Acrn Proceedings In Finance And Risk Series 13 written by Dr. Othmar M. Lehner and has been published by ACRN Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-06 with Business & Economics categories.
Proceedings of the 14th FRAP Finance, Risk and Accounting Perspectives conference taking place in Cambridge UK.