Progress In Adopting The Principles For Effective Risk Data Aggregation And Risk Reporting
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Progress In Adopting The Principles For Effective Risk Data Aggregation And Risk Reporting
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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.
Principles For Effective Risk Data Aggregation And Risk Reporting
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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.
Risk Accounting
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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.
Risk Assessment And Financial Regulation In Emerging Markets Banking
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Author : Alexander M. Karminsky
language : en
Publisher: Springer Nature
Release Date : 2021-05-11
Risk Assessment And Financial Regulation In Emerging Markets Banking written by Alexander M. Karminsky and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-11 with Business & Economics categories.
This book describes various approaches in modelling financial risks and compiling ratings. Focusing on emerging markets, it illustrates how risk assessment is performed and analyses the use of machine learning methods for financial risk assessment and measurement. It not only offers readers insights into the differences between emerging and developed markets, but also helps them understand the development of risk management approaches for banks. Highlighting current problems connected with the evaluation and modelling of financial risks in the banking sector of emerging markets, the book presents the methodologies applied to credit and market financial risks and integrated and payment risks, and discusses the outcomes. In addition it explores the systemic risks and innovations in banking and risk management by analyzing the features of risk measurement in emerging countries. Lastly, it demonstrates the aggregation of approaches to financial risk for emerging financial markets, comparing the experiences of various countries, including Russia, Belarus, China and Brazil.
Bank Regulation Risk Management And Compliance
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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.
Ontology Engineering
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Author : Elisa Kendall
language : en
Publisher: Springer Nature
Release Date : 2022-05-31
Ontology Engineering written by Elisa Kendall and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-31 with Mathematics categories.
Ontologies have become increasingly important as the use of knowledge graphs, machine learning, natural language processing (NLP), and the amount of data generated on a daily basis has exploded. As of 2014, 90% of the data in the digital universe was generated in the two years prior, and the volume of data was projected to grow from 3.2 zettabytes to 40 zettabytes in the next six years. The very real issues that government, research, and commercial organizations are facing in order to sift through this amount of information to support decision-making alone mandate increasing automation. Yet, the data profiling, NLP, and learning algorithms that are ground-zero for data integration, manipulation, and search provide less than satisfactory results unless they utilize terms with unambiguous semantics, such as those found in ontologies and well-formed rule sets. Ontologies can provide a rich "schema" for the knowledge graphs underlying these technologies as well as the terminological and semantic basis for dramatic improvements in results. Many ontology projects fail, however, due at least in part to a lack of discipline in the development process. This book, motivated by the Ontology 101 tutorial given for many years at what was originally the Semantic Technology Conference (SemTech) and then later from a semester-long university class, is designed to provide the foundations for ontology engineering. The book can serve as a course textbook or a primer for all those interested in ontologies.
Good Supervision Lessons From The Field
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Author : Mr. Tobias Adrian
language : en
Publisher: International Monetary Fund
Release Date : 2023-09-06
Good Supervision Lessons From The Field written by Mr. Tobias Adrian and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-06 with Business & Economics categories.
Keeping banks safe and sound hinges on good supervision. The bank failures of March 2023 precipitated questions about the effectiveness of supervision. This paper reflects on lessons learned from this banking turmoil and reviews global progress in delivering effective supervision over the past ten years. It finds progress in areas like risk monitoring, stress testing, and business model analysis. Yet, progress has also been hampered by deficiencies in supervisory approaches, techniques, tools, and (use of) corrective and sanctioning powers, as well as by unclear mandates, inadequate powers, and lack of independence and resources. Overcoming these deficiencies requires supervisors to improve their own performance and other policy makers to contribute to ensuring vigilant, independent and accountable supervision.
Operational Risk Management In Financial Services
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Author : Elena Pykhova
language : en
Publisher: Kogan Page Publishers
Release Date : 2021-07-03
Operational Risk Management In Financial Services written by Elena Pykhova and has been published by Kogan Page Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-03 with Business & Economics categories.
Technology failures, data loss, issues with providers of outsourced services, misconduct and mis-selling are just some of the top risks that keep financial firms up at night. In this context effective operational risk management is, simply, a commercial necessity. The management of operational risk, defined by the Basel Accord as arising from failures of processes, people, systems or external events, has developed considerably since its early years. Continued regulatory focus and catastrophic industry events have led to operational risk becoming a crucial topic on senior management's agenda. This book is a practical guide for practitioners which focuses on how to establish effective solutions and avoid common pitfalls. Filled with frameworks, examples and diagrams, this book offers clear advice on key practices including conducting risk assessments, assessing change initiatives, designing key risk indicators, establishing scenario analysis, drafting appetite statements and carrying out risk reporting. Operational Risk Management in Financial Services also features results from polls taken by risk practitioners which provide a snapshot of current practices and allow the reader to benchmark themselves against other firms. This is the essential guide for professionals looking to derive value out of operational risk management, rather than applying a compliance 'tick box' approach.
Banking Resilience New Insights On Corporate Governance Sustainability And Digital Innovation
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Author : Sabri Boubaker
language : en
Publisher: World Scientific
Release Date : 2024-01-23
Banking Resilience New Insights On Corporate Governance Sustainability And Digital Innovation written by Sabri Boubaker and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-23 with Business & Economics categories.
The banking industry plays a critical role in ensuring global economic and financial stability. Effective governance is essential for mitigating bank risk-taking and limiting managerial opportunism in this industry, which is constantly under regulatory and market scrutiny. However, the complexity and diversity of banking financial instruments and transactions gives rise to substantial information asymmetries and ongoing debates regarding contemporary governance, sustainability, and data innovation issues.This book is one of the first to address these contemporary issues collectively, offering a comprehensive and holistic understanding of the challenges and opportunities facing the global banking industry. It provides new insights, evidence-based recommendations, and future perspectives on the role of governance mechanisms, digital innovation, climate change, and green finance in shaping the industry pre- and post-COVID-19. The book is a valuable resource for a wide range of stakeholders in the banking sector, including international regulators, practitioners, policymakers, institutional investors, and auditors. It features contributions from renowned international scholars and offers a variety of theoretical, empirical, and policy-based perspectives. It provides updated evidence and new insights crucial for rethinking the global banking model and dominant regulations, and offers evidence-based recommendations and measures for promoting financial stability and resilience in this industry.
Systemic Risk In The Financial Sector
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Author : Douglas W. Arner
language : en
Publisher: McGill-Queen's Press - MQUP
Release Date : 2019-10-02
Systemic Risk In The Financial Sector written by Douglas W. Arner and has been published by McGill-Queen's Press - MQUP this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-02 with Political Science categories.
In late 2008, the world's financial system was teetering on the brink of systemic collapse. While the impacts of the global financial crisis would be felt immediately, at every level of the economy, it would also send years-long aftershocks through investment, banking and regulatory circles worldwide. More than a decade after the worst year of the global financial crisis, what has been learned from its harsh lessons? Are governments and regulators more prepared for another financial system failure that would significantly affect the real economy? What may be the potential triggers for such a collapse to occur in the future? Systemic Risk in the Financial Sector: Ten Years after the Great Crash draws on some of the world's leading experts on financial stability and regulation to examine and critique the progress made since 2008 in addressing systemic risk. The book covers topics such as central banks and macroprudential policies; fintech; regulators' perspectives from the United States and the European Union; the logistical and incentive challenges that impede standardization and collection; clearing houses and systemic risk; optimal resolution and bail-in tools; and bank leverage, welfare and regulation. Drawing on experts across disciplines — including Howell Jackson, John Geanakoplos, Charles Goodhart, Anat Admati, Roberta Romano and Martin Hellwig — Systemic Risk in the Financial Sector is the definitive guide to understanding the global financial crisis, the safeguards being put into place to try to avoid similar crises in the future, and the limitations of those safeguards.