BCBS 239 - Risk Data Adequacy
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This document discusses the BCBS 239 regulatory requirements for risk data aggregation and risk reporting. It outlines the key components of BCBS 239 including risk governance, infrastructure, data aggregation, and reporting. It also describes a risk data self-assessment diagnostic study that banks should conduct to evaluate their risk operating model, processes, data usage, and infrastructure in order to identify gaps and develop projects to address deficiencies to comply with BCBS 239. Finally, it presents a proposed unified risk data model and architecture to integrate risk data across different risk types and business units.
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Overview of BCBS 239
In the backdrop of the financial crisis of 2008, BCBS has instituted a framework to ensure ability of banks and their respective supervisors to manage company and industry risks by leveraging data and to ensure a more robust data capabilities and mechanisms to support: (1) Decision Making, (2) Strategy Formulation, and (3) Reporting
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3) Banks face many challenges in coordinating regulatory changes from different rules with overlapping requirements. The RDAR Framework helps banks integrate priorities using common capability objectives to connect changes in a meaningful way.
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Workshop Overview
Many organisations have made considerable progress in the area of enterprise and operational risk management since the financial crisis in 2007/2008. However events over the last few years have demonstrated, and continue to demonstrate the need to make improvements in organisational risk management capabilities and tools.
One area of weakness and, particular challenge for many organisations is around indictors, specifically developing and managing with Key Risk indicators (KRIs). KRIs have a vital role to play in monitoring and managing risk exposure within any organisation, and should be developed and deployed in the context of a wider indicator suite which includes Key Performance Indicators (KPIs) and Key Control Indicators (KCIs).
Workshop Objective
This interactive workshop provided attendees with a deep understanding of developing and managing with Key Risk Indicators. We started by providing an overarching management framework which integrated strategy execution and risk management. We then moved on to clarify the role of KRIs, alongside KPIs and KCIs.
Using a combination of presentations and practical examples, we were able to:
Learn how to define robust suite of indicators, including the different between Leading and Lagging, and Financial and Non-Financial indicators
Understand how to use a well-structured risk definition to guide the definition of KRIs
Understand the relationship between risk appetite and KRIs, and however Risk Appetite should influence the definition of KRIs
Understand the role KRIs play in scenario analysis
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Understand the role of KRIs within the risk, regulatory and management reporting
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Many organisations have made considerable progress in the area of enterprise and operational risk management since the financial crisis in 2007/2008. However events over the last few years have demonstrated, and continue to demonstrate the need to make improvements in organisational risk management capabilities and tools.
One area of weakness and, particular challenge for many organisations is around indictors, specifically developing and managing with Key Risk indicators (KRIs). KRIs have a vital role to play in monitoring and managing risk exposure within any organisation, and should be developed and deployed in the context of a wider indicator suite which includes Key Performance Indicators (KPIs) and Key Control Indicators (KCIs).
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This interactive workshop provided attendees with a deep understanding of developing and managing with Key Risk Indicators. We started by providing an overarching management framework which integrated strategy execution and risk management. We then moved on to clarify the role of KRIs, alongside KPIs and KCIs.
Using a combination of presentations and practical examples, we were able to:
Learn how to define robust suite of indicators, including the different between Leading and Lagging, and Financial and Non-Financial indicators
Understand how to use a well-structured risk definition to guide the definition of KRIs
Understand the relationship between risk appetite and KRIs, and however Risk Appetite should influence the definition of KRIs
Understand the role KRIs play in scenario analysis
Understand the role of KRIs in the risk assessment process
Understand the role of KRIs within the risk, regulatory and management reporting
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Please contact andrew.smart@stratexsystems.com for more details about the presentation or to have a talk about our software solutions.
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Earlier this year Adrian Black, CEO of Contego, gave an insightful presentation on what data needs to be leveraged in the fight against fraud. Here at Contego we think that sharing the right intelligence reduces collective risk. So please take a look.
KPMG - BCBS239_Bracing for Change
This document discusses the Basel Committee on Banking Supervision (BCBS) 239 principles for effective risk data aggregation and risk reporting (RDARR). Some key points:
- BCBS 239 aims to enhance banks' ability to identify and manage firm-wide risks by improving data aggregation capabilities and risk reporting, especially during a crisis.
- It applies not just to globally systemic banks but also domestic systemically important banks. Banks face an aggressive timeline for compliance, with globally systemic banks required to implement the principles in full by early 2016.
- Failure to comply could result in regulatory penalties, increased capital charges, and reputational risks. Compliance also provides opportunities to unlock strategic value across the organization through better risk management
Lean Transformation
This document discusses applying lean principles to transform organizations. It defines lean transformation as a holistic, function-centric approach that emphasizes continuous innovation to improve productivity, responsiveness, and reduce waste and costs. The document outlines a structured 5-phase method to manage lean transformation: define, measure, analyze, design, and control. It also discusses key components of lean transformation including user value, capability, performance, process, culture and operating methodology. The document provides an example of successfully applying lean principles in the financial industry and outlines a lean operating model and implementation approach.
Regulatory Risk
This document discusses managing regulatory risk and applying Section 166 of the Financial Services and Markets Act. Section 166 allows regulators to require a financial firm to provide a report from a skilled person to gather information or analysis. A skilled person could be an accountant, actuary, compliance consultant, IT specialist, lawyer, or product specialist. A skilled person's report can be used for risk assessment, as part of a risk mitigation program, or when a risk has escalated or crystallized. Regulators consider factors like costs and benefits when deciding whether to require a skilled person's report.
Exposure Measurement
The Potential Credit Exposure measure aims to determine the largest unsecured exposure that could arise if a counterparty defaults due to market shocks. It examines scenarios where assets and liabilities are stressed and the mark-to-market value changes, which could cause the net position to become a liability. If the stress impact creates a shortfall larger than the excess margin, the bank may face an unsecured loss upon default. The measure will be positive if the collateral value covers positions under stress scenarios, but negative if there is a shortfall that could cause potential loss.
Credit Value Adjustment
CVA and DVA adjustments are applied to uncollateralized over-the-counter derivatives to account for expected counterparty credit losses (CVA) and the bank's own credit risk (DVA). The CVA calculation considers exposure at default, probability of default based on credit default swap spreads or internal ratings, and loss given default estimated from recovery rates. The adjustments are sensitive to changes in credit spreads and market volatility that impact uncollateralized exposure amounts over time.
Data Managment
This document outlines the benefits of common data management across various financial applications such as economic capital, stress testing, and regulatory reporting. It shows how a common data mart can source data from different areas like customer, transaction, reference, and risk data to provide reconciled statutory, regulatory, and tax reporting data. This centralized approach to data management helps support applications in economic capital, stress testing, liquidity, risk appetite, and other areas by acquiring, enriching, and ensuring quality of data from finance, risk, and treasury sources.
Diaku Axon for BCBS239 compliance
This document discusses how Diaku Axon can help organizations comply with the BCBS239 principles for effective risk data aggregation and risk reporting. It provides an overview of BCBS239 and its requirements, and then delves deeper into how Diaku Axon addresses each of the key principles for both risk and data management perspectives. It highlights how Diaku Axon can help establish governance, documentation, controls, and the ability to generate aggregated risk data on demand. It also discusses how Diaku Axon promotes collaboration across business disciplines, regulatory requirements, and enables periodic validation.
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This document discusses test automation, including the need for automation to reduce costs and time to market. It outlines the automation technology landscape and capabilities. The automation methodology section describes defining a roadmap with phases like infrastructure setup, proof of concept, and steady state. It also discusses the test case identification and prioritization process. The automation process lifecycle is explained along with areas of high, medium, and low applicability for automation.
Basel III Research Paper
This document provides an analysis of the implications of Basel III on the global banking system. It begins with an introduction to Basel III and its goals of reducing systemic risk in the banking system by strengthening capital requirements and introducing new liquidity standards. It then summarizes case studies from PwC, KPMG, and Accenture on Basel III, noting their assessments that Basel III will significantly impact bank profitability and require changes to risk management and capital planning. The document goes on to discuss the localized and national effects of Basel III, and compares the impacts on US and Eurozone banks. It concludes with the author's own commentary on whether Basel III will achieve its aims of making the banking system safer in a practical context.
Basel II to Basel III – The Way Forward
This white paper covers various Basel III guidelines, and describes why and how these will impact different areas of IT infrastructure and systems.
Risk management & basel ii
The document discusses various aspects of risk management and capital requirements under Basel II. It provides explanations of key concepts such as economic capital, regulatory capital, credit risk measurement approaches, operational risk approaches, and credit risk mitigation techniques. It also compares the standardized and internal ratings-based approaches for credit risk and provides examples of calculating risk-weighted assets and capital adequacy ratios.
BCBS 248 - Intraday Liquidity Management
This document summarizes an overview of intraday liquidity management. It discusses measuring and forecasting daily liquidity flows, monitoring positions against available resources, arranging sufficient intraday funding, mobilizing collateral, and dealing with disruptions. It also outlines control indicators for monitoring intraday liquidity requirements and available resources. Charts show an example intraday liquidity profile and quantitative tools are discussed for monitoring intraday positions. Potential stress scenarios and effective management methods are also summarized, along with examples of regulatory reports used for monitoring and reporting intraday liquidity.
BCBS 261 - Collateral and Margin Management for Uncleared Derivatives
The document summarizes key proposals from the BCBS 261 regarding collateral and margin management for uncleared OTC derivatives. It outlines requirements for initial and variation margin, eligible collateral, calculation methodologies, and a phased implementation schedule. It also discusses implications for costs, including higher funding costs due to increased collateral needs, and the potential for a collateral shortage as requirements reduce available collateral.
Basel III
Basel III is a global regulatory standard that strengthens bank capital requirements and introduces new global liquidity and leverage ratio standards. It requires banks to hold more and higher quality capital, including 4.5% common equity and 6% Tier 1 capital as a percentage of risk-weighted assets by 2015. Basel III also introduces capital buffers and new liquidity standards including a liquidity coverage ratio and net stable funding ratio to be implemented by 2015 and 2018. The goals of Basel III are to strengthen transparency, coverage of risks, and risk management practices for banks globally.
Hadoop-DS: Which SQL-on-Hadoop Rules the Herd
Originally Published on Oct 27, 2014
An overview of IBM's audited Hadoop-DS comparing IBM Big SQL, Cloudera Impala and Hortonworks Hive for performance and SQL compatibility. For more information, visit: http://www-01.ibm.com/software/data/infosphere/hadoop/
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Erfolgreicher agieren mit Analytics_Markus Barmettler_IBM Symposium 2013
This document discusses how advanced analytics are transforming banking and driving value. It notes that every major decision can now be informed by data and analytics, which will provide a competitive advantage. Key opportunities for banks include improving customer segmentation, sentiment analysis, and reducing churn. Advanced analytics can also optimize processes like claims processing, fraud detection, and predictive maintenance. The document advocates that organizations must improve their "analytics quotient" by gaining expertise and establishing centers of excellence to better leverage analytics across the business.
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This document discusses Accenture's regulatory reporting framework and offerings around data quality management. It provides an overview of Accenture's high-performance financial reporting framework, which aims to consolidate frameworks, processes, and technology to create efficiencies across reporting functions. It also summarizes Accenture's regulatory reporting offerings, including data quality management, capability design, target operating models, and regulatory reporting vendor implementation support. Finally, it covers key aspects of data quality management, such as issue classification, management processes, governance structures, root cause analysis, and issue prioritization. The goal is to help financial institutions improve data quality, reporting accuracy and efficiency.
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DAC Tekiō by DAC Software Solutions Ltd.
We believe digitization and automation are the means for institutions to drastically improve their compliance return on investment. Technology solutions like Risk Assessments, customer on boarding, cross-channel risk analysis, monitoring and screening, etc… should be looked at as part of the overall business plan and growth in order to achieve Strategic Compliance Planning.
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Novel analytics for gas stations
This document provides an overview of Novel Analytics and the data science and AI services they offer to businesses. In 3 sentences: Novel Analytics is a consulting firm that uses machine learning, deep learning and AI to deliver business insights and solutions across various domains. They have skills in technologies like Python, R, and cloud platforms and experience in areas such as customer analytics, risk management, and marketing. The document describes several of their AI and data science services and products including chatbots, predictive models, and automated processes.
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This document outlines a strategy for improving an organization's data management operations. It discusses challenges like legacy systems and increasing regulation. The strategy involves developing a data governance framework, improving data quality, and building a scalable production platform. It proposes an operating model where data is pulled and pushed internally and externally. Key aspects covered are data usage, operations, potential workflows, production platforms, locations, and business continuity planning. Appendices provide details on data principles and a proposed governance framework.
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1. The revised FRTB framework aims to address weaknesses in capital requirements and distinguish between trading book and banking book holdings by requiring higher capital for trading book assets.
2. Firms seek to move assets between books to minimize capital requirements based on liquidity and profitability as positions change.
3. Key impact areas of FRTB include OTC derivatives, securitization, and more complex instruments. Firms will need new business models and technology to implement FRTB.
Anti Money Laundering Framework
This document proposes an anti-money laundering (AML) framework with the following components:
1. The current AML capability has inconsistencies and gaps that need to be addressed to improve risk management, compliance, and effectiveness.
2. The target state aims to establish consistent AML processes, full business engagement, defined risk categorization, ongoing enhancement, and complex scenario coverage.
3. An investigative methodology is outlined involving determining needs, collecting data, examining results, and agreeing on action plans to address triggers like suspicious activity cases.
Compliance Capability
This document discusses developing a compliance capability for an organization. It outlines principles for taking an end-to-end view of business processes to ensure compliance. Ownership and accountability for compliance must be clear from leadership down. Compliance processes should be integrated into business functions from the start. Automating compliance functions and integrating compliance into transaction lifecycles can help comprehensively control processes. Self-assessments can identify compliance capabilities and gaps to help define a target compliance state.
Stress Testing
This document discusses stress testing frameworks and critical success factors. It covers topics such as stress testing models, scenarios, risk types, aggregation, business impacts, and mitigation plans. The key aspects are robust stress testing models across all material risk types, senior management buy-in and use of insights to address issues, and embedding stress testing into the decision-making process consistently across the organization. Data reconciliation and clearly defined scenarios are also important factors.
Liquidity Risk
The document discusses liquidity risk, which can be defined as a bank's ability to meet its short-term obligations. It is measured over a specific time horizon and depends on factors like a bank's cash inflows and outflows. Liquidity risk is affected by both external market characteristics and internal factors specific to a bank's positions. Reporting on liquidity risk involves reconciling accounting and liquidity data, projecting contractual cash flows, and analyzing liquid assets, funding sources, and leading indicators of liquidity issues.
Interest Rate Risk
Interest rate risk exists when the value of an interest-bearing asset may change due to fluctuations in interest rates. Various hedging instruments can be used to mitigate interest rate risk, including swaptions, floors, caps, collars, forward rate agreements (FRAs), futures, and interest rate swaps (IRS). These instruments allow entities to hedge against rising or falling interest rates by locking in rates for future periods. Important considerations in managing interest rate risk include the duration and cash flows of hedging instruments used.
Collateral Management
The document discusses collateral management and its key functions. Collateral management focuses on credit risk mitigation and reducing loss given default through improved recovery rates. Efficient collateralization can lower expected losses and allow reductions in economic and regulatory capital. However, collateralization also introduces legal and operational risks. Traditionally located within operations or credit, collateral management interfaces with various functions like sales, risk, and treasury. The selection of collateral assets and accurate exposure measurement are critical factors for collateral management success.
Applied Risk Process Model
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Central Counterparty Clearing
Central counterparty clearing involves:
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Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Who Is the Largest Producer of Soybean in India Now.pdf
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After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.一比一原版(GWU,GW毕业证)加利福尼亚大学|尔湾分校毕业证如何办理
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BCBS 239 - Risk Data Adequacy
- 1. BCBS 239 Risk Data Adequacy Nikat Malik November 2013 All Rights Reserved
- 2. BCBS 239 – A Major Transformation Challenge Risk Exposure Management Risk Governance & Infrastructure Risk Data Aggregation Risk Reporting Practices Supervisory Review • • • • • • • • Clear comprehensive view of risk exposure Improved data quality and risk insight reducing losses Accurate asset liability classification reducing capital needs Improved revenue through client insight and differentiating products Less manual effort reducing operational risk Lower costs through improved STP rates Improved loss prevention reducing operational risk cost Improved data management & reduced reconciliations improving compliance & operational costs • Improved risk adjustment capabilities increases business value • Improved limits management and efficient capital allocation BCBS 239 - Data Adequacy
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