The British Business Bank (BBB) is the UK's domestic development bank that aims to increase equity finance for UK businesses. It addresses market failures by working with over 90 partners to provide funding. The BBB supports venture capital and ambitious scale-up businesses through various programs. It seeks to improve economic outcomes for recipient businesses and sustain the UK's venture capital market. While the BBB addresses parts of the equity gap, collaborating with regional institutions like universities could help provide more access to equity in areas outside of London.
This document discusses several startup incubators and accelerators:
1) An incubator in Lisbon, Portugal that provides office space, mentoring, and access to investors for new companies. It has three buildings and is mostly free for customers.
2) An incubator associated with the University of Lisbon that supports startups related to agriculture, food and forestry. It offers office space, courses, and networking and is located on the university campus.
3) An innovation hub in Braga, Portugal that assists international startups through pre-acceleration, acceleration and incubation programs focused on technology. It provides workspace and resources through corporate partners.
4) A non-profit incubator in inner Portugal
The document discusses various topics relating to innovation management including:
- Definitions of invention vs innovation, with innovation being the commercialization of an invention.
- Different historical models of the innovation process from being technology-push to more interactive models.
- Details around grading for a course on innovation management, with points given for participation, an assignment, and final exam.
- Frameworks for understanding sources of value and mapping results.
- An assignment requiring students to design their ideal school with a vision, actors, events, and outcomes in 1200 words for voting.
Duy Khanh Nguyen is a senior business development associate in Vietnam with over 10 years of experience. He holds a Bachelor's degree in international business from Victoria University of Wellington in New Zealand and an EMBA from the Asian Institute of Technology. His responsibilities include customer development, raising funds, portfolio management, research, and other business development activities. He has published several papers on socio-economic evaluation methods and transportation infrastructure projects. Nguyen is skilled in communication, time management, and adapting to new environments.
Henrik Lindgren has over 20 years of experience in business analysis, IT development, and project management within the financial sector. He currently serves as Vice President and Head of Business & IT Infrastructure Development at Nordea Treasury, where he has led projects that significantly reduced costs and improved processes. Previously, he co-founded a risk management software company, and held roles at SEB Merchant Banking and IBM.
The document summarizes new changes to hedge accounting under IFRS 9 which will replace IAS 39. It discusses opportunities and challenges from changes including increased alignment of risk management with hedge accounting and increased transparency requirements. The timeline for IFRS 9 implementation has application beginning January 2013 at the earliest. Key changes covered include expanded eligibility of risk components for hedging, less restrictive rules for rebalancing hedges, and new disclosure requirements.
Impairment Modelling is the most critical component in IFRS9 implementation. IFRS9 being a principle based guideline gives freedom to financial institutions in selecting appropriate methodologies based on proportionality and materiality concept. In this blog, we have discussed various Impairment Modelling methodologies along with its limitations and portfolio suitability from IFRS9 perspectives.
The British Business Bank (BBB) is the UK's domestic development bank that aims to increase equity finance for UK businesses. It addresses market failures by working with over 90 partners to provide funding. The BBB supports venture capital and ambitious scale-up businesses through various programs. It seeks to improve economic outcomes for recipient businesses and sustain the UK's venture capital market. While the BBB addresses parts of the equity gap, collaborating with regional institutions like universities could help provide more access to equity in areas outside of London.
This document discusses several startup incubators and accelerators:
1) An incubator in Lisbon, Portugal that provides office space, mentoring, and access to investors for new companies. It has three buildings and is mostly free for customers.
2) An incubator associated with the University of Lisbon that supports startups related to agriculture, food and forestry. It offers office space, courses, and networking and is located on the university campus.
3) An innovation hub in Braga, Portugal that assists international startups through pre-acceleration, acceleration and incubation programs focused on technology. It provides workspace and resources through corporate partners.
4) A non-profit incubator in inner Portugal
The document discusses various topics relating to innovation management including:
- Definitions of invention vs innovation, with innovation being the commercialization of an invention.
- Different historical models of the innovation process from being technology-push to more interactive models.
- Details around grading for a course on innovation management, with points given for participation, an assignment, and final exam.
- Frameworks for understanding sources of value and mapping results.
- An assignment requiring students to design their ideal school with a vision, actors, events, and outcomes in 1200 words for voting.
Duy Khanh Nguyen is a senior business development associate in Vietnam with over 10 years of experience. He holds a Bachelor's degree in international business from Victoria University of Wellington in New Zealand and an EMBA from the Asian Institute of Technology. His responsibilities include customer development, raising funds, portfolio management, research, and other business development activities. He has published several papers on socio-economic evaluation methods and transportation infrastructure projects. Nguyen is skilled in communication, time management, and adapting to new environments.
Henrik Lindgren has over 20 years of experience in business analysis, IT development, and project management within the financial sector. He currently serves as Vice President and Head of Business & IT Infrastructure Development at Nordea Treasury, where he has led projects that significantly reduced costs and improved processes. Previously, he co-founded a risk management software company, and held roles at SEB Merchant Banking and IBM.
The document summarizes new changes to hedge accounting under IFRS 9 which will replace IAS 39. It discusses opportunities and challenges from changes including increased alignment of risk management with hedge accounting and increased transparency requirements. The timeline for IFRS 9 implementation has application beginning January 2013 at the earliest. Key changes covered include expanded eligibility of risk components for hedging, less restrictive rules for rebalancing hedges, and new disclosure requirements.
Impairment Modelling is the most critical component in IFRS9 implementation. IFRS9 being a principle based guideline gives freedom to financial institutions in selecting appropriate methodologies based on proportionality and materiality concept. In this blog, we have discussed various Impairment Modelling methodologies along with its limitations and portfolio suitability from IFRS9 perspectives.
Horizon 2020 Secure Societies: Information and Consortia Building EventKTN
The webinar provided background information on various call topics and on support available for both UK and European organisations in how to apply for funding and search for partners. KTN hosted this event on behalf of Innovate UK and was delivered by Hazel Biggs, Knowledge Transfer Manager - Defence and Security, KTN, and Viola Hay, Knowledge Transfer Manager - European Programmes, KTN, Rupert Shute, Deputy CSA, Home Office, Talia Passiar, SEREN4, and Zale Johnson, H2020 NCP for Secure Societies, Innovate UK.
The webinar gave an overview of H2020 Secure Societies Call topics, and support available for UK organisations in how to apply for funding, as well as case studies and hints and tips for applicants. This enabled attendees to gain an insight into the benefits of participating, guidelines for preparing a project outline and the support and collaboration tools available.
In summary, the webinar covered:
- Open and Forthcoming Secure Societies Call Topics
- Support for UK Organisations
- UK participation in Horizon 2020
Find out more here: https://ktn-uk.co.uk/news/horizon-2020-calls-on-secure-societies-webinar-recording-and-slides-now-available
Design of a mobile collaboration process for the private banking customer seg...Christian Ruf
The document proposes a mobile collaboration process for private banking customers. It discusses how mobile banking is becoming the most important channel for interactions between banks and clients. The process is designed to address problems with current financial advisory services, like the principal-agent problem, by allowing advisors to interact with clients anytime, anywhere through their mobile devices. A prototype of the process will be developed and evaluated to see how it can help build customer trust and acquire more assets for the bank.
Risk Dynamics offers a wide range of topics for both quantitative and qualitative profiles in banking and insurance, including topics on modelling in Credit, Market and Operational Risks, as well as Insurance Risks, Risk Appetite and Model Risk Management.
The document summarizes Nordea's startup accelerator program. The goal is to create an innovation interface between Nordea and startup companies to identify ideas that add value for customers. Startups will receive mentoring, training, partnerships and potential seed funding. They will explore using Nordea APIs and be able to implement services in production depending on progress. The 12-week accelerator program will take place in the Nordic region from September to December 2016. Topics include emerging technologies, digital life insurance, regulation changes, and banks as collaboration enablers.
IFRS (International Financial Reporting Standards) 9 is not just an accounting standard, but a game-changer. In today’s capital constrained environment, the increased volatility of P&L and that of associated regulatory capital are likely to have a profound impact across the stakeholder community. This presentation provides an overview of our assistance themes. If you are project sponsor or a stakeholder, please feel free to organize a call with us to discuss how Nexx can assist you.
This document outlines the structure and content of a project finance course. The course covers key aspects of project finance including what it is, how it works, risk management, project optimization, and legal structuring. It is delivered through lectures, case studies, workshops, and an optional simulation module. The course aims to provide students with both academic knowledge and practical skills in structuring, analyzing, and managing project finance deals. It draws on the instructor's 28 years of industry experience and has received positive feedback for its applied approach to teaching this topic.
Clarity on the future of swiss private banking fb74
Regulation is transforming the Swiss private banking industry. Transnational regulation is crucial for banks' survival given their reliance on foreign clients. Banks must proactively engage with regulators to shape regulation, ensure reciprocity, and restore trust. Banks should promptly implement regulation with a focus on adding value for clients through improved client communications, relationship management, and use of technology. Doing so can help banks strengthen their competitiveness and position themselves for future growth.
1. The document describes an online 12-week certificate course on fintech offered by MIT.
2. The course aims to help professionals explore and build the future of financial technology by providing knowledge on emerging fintech areas like blockchain, cryptocurrency, payments, and financial markets.
3. The course involves group projects where students develop a business plan, prototype, or innovation roadmap for a fintech solution during the second half of the course.
MIT Fintech / Commerce Certificate ProgramMarshall Coffy
This document provides information about MIT's online Fintech certificate course titled "Future Commerce". The 12-week course is designed for professionals interested in financial technology and covers topics like payments, markets, infrastructure and more. Students form groups and complete a capstone project applying their knowledge, such as developing a business plan, prototype, or innovation roadmap. The course is taught by MIT faculty and provides a certificate upon completion.
Cognizant_Introduction to management consulting in Switzerlandaudrey miguel
Cognizant is launching management consulting services in Switzerland to help clients with strategy, business transformation, customer relationships, and risk management. Since 2004, Cognizant has provided these services primarily to banking, financial services, and insurance clients. The document outlines Cognizant's five specialized consulting practices and experience assisting clients with regulations like IFRS 9, Basel III, BCBS 239, and PRIIPS.
This document provides an overview of key principles and best practices for including financial components in agricultural and rural development programs using a market systems approach. The three key points summarized are:
1) The facilitation role is important - projects should avoid directly providing financial services and instead facilitate initiatives from specialized financial organizations.
2) Support should focus on strengthening existing financial intermediaries that best serve target groups, and supporting policymakers to establish incentives through regulation.
3) Areas for smart subsidies include building the capacity of financial intermediaries, strengthening financial literacy, developing supportive policies and regulations, and building financial sector infrastructure. Direct subsidies should generally be avoided.
Financial Modelling with VBA Master ClassOla Odejayi
The document provides information about an advanced financial modeling master class to be held from March 20-23, 2012 in Nairobi, Kenya. The objective of the course is to expose participants to advanced modeling techniques using Excel and VBA. Key topics will include constructing sophisticated models for finance and other fields, examining real-world models, and mastering advanced Excel and VBA skills. The intensive, hands-on course will be facilitated by Viswanath Tumu, a consultant with extensive experience developing financial models.
Columbia Business School Global Banking Program: FinTech | Digital | Analytic...Naman (Neil) Patel
This document provides information about Columbia Business School's Global Banking Program on FinTech, Digital and Analytics. The 6-month program consists of 3 in-person immersion modules in New York and London as well as online webinars. It aims to help banking and financial services executives understand disruptive changes in technology and business models. The program curriculum covers topics like blockchain, cryptocurrencies, digital transformation, analytics, and more. It includes projects and is taught by Columbia faculty. Completing the program awards an alumni certificate and benefits from Columbia Business School.
The document discusses the high demand and short supply of talent in the financial services industry due to regulatory changes and business needs. It summarizes Procura Group's services in providing compliance, risk, and technology professionals to banks and insurance companies. The document also outlines ways for candidates to enhance their employability, such as gaining additional experience, improving their CV, increasing their online visibility, partnering with specialist recruiters, and preparing for interviews.
This document summarizes a conference on working capital best practices to be held from May 14-16, 2012 in Amsterdam. The conference will provide attendees opportunities to learn from case studies of major companies that have improved working capital efficiency and cash management. Speakers will address topics like cash reporting, credit management, inventory optimization, and accounts payable. Companies presenting case studies include A.P. Moller-Maersk, Novartis, Akzo Nobel, ThyssenKrupp, and Bayer AG. The goal is to help participants bring working capital management to the next level through strategic and operational improvements.
Presentation for IE application - Greatest challenges facing the management consulting industry today....... And the role I hope to play in this industry in the medium term.
The ERC research programme aims to understand what drives SME growth through conducting world-class research. The programme consists of 6 themes exploring topics like entrepreneurial leadership, finance, innovation, exporting and firm dynamics. Research methods include longitudinal case studies, using large datasets, and engagement with policymakers. Emerging areas of focus include the impact of recessions on firm growth and supply chains in local clusters. The overarching goal is to contribute both research and policy insights around SME performance.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
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."
Horizon 2020 Secure Societies: Information and Consortia Building EventKTN
The webinar provided background information on various call topics and on support available for both UK and European organisations in how to apply for funding and search for partners. KTN hosted this event on behalf of Innovate UK and was delivered by Hazel Biggs, Knowledge Transfer Manager - Defence and Security, KTN, and Viola Hay, Knowledge Transfer Manager - European Programmes, KTN, Rupert Shute, Deputy CSA, Home Office, Talia Passiar, SEREN4, and Zale Johnson, H2020 NCP for Secure Societies, Innovate UK.
The webinar gave an overview of H2020 Secure Societies Call topics, and support available for UK organisations in how to apply for funding, as well as case studies and hints and tips for applicants. This enabled attendees to gain an insight into the benefits of participating, guidelines for preparing a project outline and the support and collaboration tools available.
In summary, the webinar covered:
- Open and Forthcoming Secure Societies Call Topics
- Support for UK Organisations
- UK participation in Horizon 2020
Find out more here: https://ktn-uk.co.uk/news/horizon-2020-calls-on-secure-societies-webinar-recording-and-slides-now-available
Design of a mobile collaboration process for the private banking customer seg...Christian Ruf
The document proposes a mobile collaboration process for private banking customers. It discusses how mobile banking is becoming the most important channel for interactions between banks and clients. The process is designed to address problems with current financial advisory services, like the principal-agent problem, by allowing advisors to interact with clients anytime, anywhere through their mobile devices. A prototype of the process will be developed and evaluated to see how it can help build customer trust and acquire more assets for the bank.
Risk Dynamics offers a wide range of topics for both quantitative and qualitative profiles in banking and insurance, including topics on modelling in Credit, Market and Operational Risks, as well as Insurance Risks, Risk Appetite and Model Risk Management.
The document summarizes Nordea's startup accelerator program. The goal is to create an innovation interface between Nordea and startup companies to identify ideas that add value for customers. Startups will receive mentoring, training, partnerships and potential seed funding. They will explore using Nordea APIs and be able to implement services in production depending on progress. The 12-week accelerator program will take place in the Nordic region from September to December 2016. Topics include emerging technologies, digital life insurance, regulation changes, and banks as collaboration enablers.
IFRS (International Financial Reporting Standards) 9 is not just an accounting standard, but a game-changer. In today’s capital constrained environment, the increased volatility of P&L and that of associated regulatory capital are likely to have a profound impact across the stakeholder community. This presentation provides an overview of our assistance themes. If you are project sponsor or a stakeholder, please feel free to organize a call with us to discuss how Nexx can assist you.
This document outlines the structure and content of a project finance course. The course covers key aspects of project finance including what it is, how it works, risk management, project optimization, and legal structuring. It is delivered through lectures, case studies, workshops, and an optional simulation module. The course aims to provide students with both academic knowledge and practical skills in structuring, analyzing, and managing project finance deals. It draws on the instructor's 28 years of industry experience and has received positive feedback for its applied approach to teaching this topic.
Clarity on the future of swiss private banking fb74
Regulation is transforming the Swiss private banking industry. Transnational regulation is crucial for banks' survival given their reliance on foreign clients. Banks must proactively engage with regulators to shape regulation, ensure reciprocity, and restore trust. Banks should promptly implement regulation with a focus on adding value for clients through improved client communications, relationship management, and use of technology. Doing so can help banks strengthen their competitiveness and position themselves for future growth.
1. The document describes an online 12-week certificate course on fintech offered by MIT.
2. The course aims to help professionals explore and build the future of financial technology by providing knowledge on emerging fintech areas like blockchain, cryptocurrency, payments, and financial markets.
3. The course involves group projects where students develop a business plan, prototype, or innovation roadmap for a fintech solution during the second half of the course.
MIT Fintech / Commerce Certificate ProgramMarshall Coffy
This document provides information about MIT's online Fintech certificate course titled "Future Commerce". The 12-week course is designed for professionals interested in financial technology and covers topics like payments, markets, infrastructure and more. Students form groups and complete a capstone project applying their knowledge, such as developing a business plan, prototype, or innovation roadmap. The course is taught by MIT faculty and provides a certificate upon completion.
Cognizant_Introduction to management consulting in Switzerlandaudrey miguel
Cognizant is launching management consulting services in Switzerland to help clients with strategy, business transformation, customer relationships, and risk management. Since 2004, Cognizant has provided these services primarily to banking, financial services, and insurance clients. The document outlines Cognizant's five specialized consulting practices and experience assisting clients with regulations like IFRS 9, Basel III, BCBS 239, and PRIIPS.
This document provides an overview of key principles and best practices for including financial components in agricultural and rural development programs using a market systems approach. The three key points summarized are:
1) The facilitation role is important - projects should avoid directly providing financial services and instead facilitate initiatives from specialized financial organizations.
2) Support should focus on strengthening existing financial intermediaries that best serve target groups, and supporting policymakers to establish incentives through regulation.
3) Areas for smart subsidies include building the capacity of financial intermediaries, strengthening financial literacy, developing supportive policies and regulations, and building financial sector infrastructure. Direct subsidies should generally be avoided.
Financial Modelling with VBA Master ClassOla Odejayi
The document provides information about an advanced financial modeling master class to be held from March 20-23, 2012 in Nairobi, Kenya. The objective of the course is to expose participants to advanced modeling techniques using Excel and VBA. Key topics will include constructing sophisticated models for finance and other fields, examining real-world models, and mastering advanced Excel and VBA skills. The intensive, hands-on course will be facilitated by Viswanath Tumu, a consultant with extensive experience developing financial models.
Columbia Business School Global Banking Program: FinTech | Digital | Analytic...Naman (Neil) Patel
This document provides information about Columbia Business School's Global Banking Program on FinTech, Digital and Analytics. The 6-month program consists of 3 in-person immersion modules in New York and London as well as online webinars. It aims to help banking and financial services executives understand disruptive changes in technology and business models. The program curriculum covers topics like blockchain, cryptocurrencies, digital transformation, analytics, and more. It includes projects and is taught by Columbia faculty. Completing the program awards an alumni certificate and benefits from Columbia Business School.
The document discusses the high demand and short supply of talent in the financial services industry due to regulatory changes and business needs. It summarizes Procura Group's services in providing compliance, risk, and technology professionals to banks and insurance companies. The document also outlines ways for candidates to enhance their employability, such as gaining additional experience, improving their CV, increasing their online visibility, partnering with specialist recruiters, and preparing for interviews.
This document summarizes a conference on working capital best practices to be held from May 14-16, 2012 in Amsterdam. The conference will provide attendees opportunities to learn from case studies of major companies that have improved working capital efficiency and cash management. Speakers will address topics like cash reporting, credit management, inventory optimization, and accounts payable. Companies presenting case studies include A.P. Moller-Maersk, Novartis, Akzo Nobel, ThyssenKrupp, and Bayer AG. The goal is to help participants bring working capital management to the next level through strategic and operational improvements.
Presentation for IE application - Greatest challenges facing the management consulting industry today....... And the role I hope to play in this industry in the medium term.
The ERC research programme aims to understand what drives SME growth through conducting world-class research. The programme consists of 6 themes exploring topics like entrepreneurial leadership, finance, innovation, exporting and firm dynamics. Research methods include longitudinal case studies, using large datasets, and engagement with policymakers. Emerging areas of focus include the impact of recessions on firm growth and supply chains in local clusters. The overarching goal is to contribute both research and policy insights around SME performance.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
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."
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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.
"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.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
2. Page 2
Whether you are a seasoned Eurobanker or this is your first encounter with us, I hope you will take a few minutes to
look at this outline of our 2017 annual meeting, to be held at Grad Mokrice, Slovenia, from May 28th – 31st.
Eurobanking exists to provide opportunities for banking sector professionals to exchange and discuss ideas about the
methods, experience, philosophy and application of operational research and quantitative techniques in banking.
Each year, professionals with an interest in sharing current or recent work that they have been doing, in hearing
about what others are doing and in discussing the issues and challenges that arise, get together to do just that.
These meetings are intended to be working sessions, where the greatest value is realised from linking together
different components and exploring the similarities and differences between the issues we face in our profession and
how our – and other – institutions deal with them.
Eurobanking meetings are a great way to meet colleagues who are facing, or have faced, the same issues and
challenges as you; some Eurobankers return year after year to renew and make new contacts. We warmly invite you
to register your participation in Slovenia – big discounts are available for early payment, especially before the end of
January! For 2017, we have a number of topics proposed for discussion, mostly born out of previous Eurobanking
meetings and a desire to find out more, where we are inviting you to contribute … but we are also open to new
topics, so please do not hesitate to offer a presentation on something that is important or relevant for you.
We look forward to welcoming you in Grad Mokrice, Slovenia
George Matthews
Secretary-General
Introduction
Grad Mokrice, Slovenia
Eurobanking, 2017
3. Page 3
Workshops
1. IFRS 9
2. Portfolio Modelling
3. Modelling & Validation
4. The Future of Internal Models
5. Machine Learning in Finance
6. The Valuation of Derivatives Contracts Revisited
7. Banking Under Negative Interest Rates
8. New Datasources in Banking
9. ”Open Mic”
4. Page 4
IFRS 9
In July 2014, the International Accounting Standards Board (IASB) published IFRS 9 Financial Instruments
(2014). This standard introduces a new impairment model for financial instruments and applies for annual
periods beginning on or after 1 January 2018. We would like to invite you to a workshop discussing IFRS
impact on financial institutions.
Proposed Workshop Program:
• Your organisation’s response to the new regulations
• Implications of IFRS 9 for your risk parameters
• Approaches for an integrated finance and risk architecture
• Forward looking risk factors - modeling lifetime PDs/LGDs
• ...
• Moderated discussion
Example topic: Lifetime Expected Loss Calculation – methodological & technical challenges
Your Contact: Martina Spille, EFS, +49 211 826 8131, martina.spille@1fins.com
We would like to discuss practical challenges facing financial
institutions with regard to IFRS 9, with business implications
that are very much wider than the technical issues of
financial and regulatory reporting
Eurobanking 2017 | WS 1
5. Page 5
Portfolio Modelling
Eurobanking 2017 | WS 2
Proposed Workshop Program:
• Introduction to loss distribution & ratios
• Different credit portfolio models
• Capital Allocation / RaRoC
• New simulation methodology for quantitative risk analysis of large multi-asset portfolios
• …
• Moderated discussion
Example Topic: Scenario simulation - Applying Chaotic Quasi Monte Carlo Methods with Portfolio Principal
Component Analysis
Your Contact: Martina Spille, EFS, +49 211 826 8131, martina.spille@1fins.com
Portfolio models model the risk of complete portfolios by taking
into account correlations among assets. We proposed to give an
overview of the different aspects of credit portfolio modeling and
discuss new approaches and challenges as well as recent
experiences.
6. Page 6
Modelling & Validation
Eurobanking 2017 | WS 3
Purpose of the workshop:
We invite professionals as well as academics working within the wide risk modelling and validation to
participate in this workshop. All subject matter experts are invited to offer a presentation on relevant topics,
whether covering the theory, practical implications or business experiences.
Example presentation:
• Calibration and mapping of credit scores to credit ratings using the Cumulative Accuracy Profile -
Marco van der Burgt
Key words: Rating, Scoring, Sampling, Overfitting, PD, LGD, EAD, Backtesting, Benchmarking, Credit Risk,
Market Risk, Oparational Risk,
Your Contact: Martina Spille, EFS, +49 211 826 8131, martina.spille@1fins.com
Risk Modelling & Validation is a regular topic for discussion at
Eurobanking meetings, which offer an ideal forum to share
experiences and learn from how other organisations have tackled
similar issues
7. Page 7
The Future of Internal Credit Models
Eurobanking 2017 | WS 4
Proposed Workshop Program:
• What is Targeted Review on Internal Models (TRIM)?
• An introduction to the ECB guidance on IRB
• Two examples of recent IRB models
• Alignment of IRB with IFRS9
• Discussion on practical issues and business implications
Your Contact: Sebastiaan van Westerop, Rabobank, +31 6 1296 3838,
sebastiaan.van.westerop@rabobank.nl
TRIM, IRB and IFRS9
8. Page 8
Machine Learning in Finance
Eurobanking 2017 | WS 5
Proposed Workshop Program:
• Machine learning techniques
• Available software and hardware
• Applications in Finance
• Moderated discussion
Possible applications: Real time fraud and risk detection, predictive behavioral modelling, adaptive risk
classification and hedging, robo advice, pricing strategies, data anomaly detection
This is your chance (!) to contribute your research and/or industry experience to the workshop
program.
To submit your contribution, please contact: Diederik Fokkema, PhD, +31 6 2125 2148,
diederik.fokkema@nl.ey.com
Machine learning is hot! Driven by advances in technology and large investments by big name
companies research activities and real life application examples are numerous and nearly every
week success stories hit the newspapers. Topics include advances in speech and image
recognition, unstructured data analysis, behavioral pattern recognition, fraud detection and
investment decision making. Naturally, machine learning has a lot to offer to the financial
sector and in this workshop, we’ll explore relevant recent developments.
9. Page 9
The Valuation of Derivatives
Contracts Revisited
Eurobanking 2017 | WS 6
In the derivatives workshop we want to provide the participants with an intuitive and technical
understanding (on an intermediate level) of these challenges.
Proposed Workshop Program:
• Hedging interest rate risk in the banking and trading book
• The impact of cross currency basis on FX hedging strategies
• Calculation of XVA’s and the impact XVA’s on the economic effectiveness of hedging strategies.
We look forward to receive your ideas for topics to be covered or presentations that can be
provided!
To submit your contribution, please contact: Michiel Lodewijk, +31 (0)88 288 3192,
mlodewijk@deloitte.nl
The 2007-09 financial crisis had a significant impact on key concepts underlying the valuation of
derivatives contracts. With Lehman Brothers, ‘too big to fail’ obtained a new meaning resulting in
a new perception of counterparty credit risk. Valuation methodologies assume liquid markets for
financial instruments, but in some markets liquidity is still an issue even today. As a result of the
crisis and its impact on derivatives pricing, the valuation of derivatives contracts is still much
debated, with valuation of even the simplest contracts being challenging. The impact has been
less transparency with a large number of participants being unable to cope with these challenges.
Challenges include a) transition from single to multi curve framework, b) treatment of collateral,
c) inclusion of cross currency basis and d) XVA’s on pricing and hedging.
10. Page 10
Negative Interest Rates
Eurobanking 2017 | WS 7
Proposed Workshop Program:
• The rational for negative interest rates
• What is the impact on banks balance-sheet
• Solutions between different banks
• Negative interest rates introduced in the retail segment
• Will negative rates be applied to consumers as well?
• Pricing behavior and the potential impact on capital requirement
• …
• Moderated discussion
Example Topic: Rate setting, Negative interest rates, Pricing, Price policies
Your Contact: Jakob Hyttel-Sørensen, Nykredit, +45 4455 2531, jahs@nykredit.dk
Negative interest rates has affected a number of economies within the last couple of
years. This has had a huge impact on the banks’ balance sheets. As a consequence banks
are starting to demand interest rates on their customers as well. How on to what extend
will de discussed in this workshop. We invite speakers with interest and expertise within
this field to participate and share their knowledge.
11. Page 11
New Datasources in Banking
Eurobanking 2017 | WS 8
Proposed Workshop Program:
• Introduction to new data sources
• Examples of usage
• …
• Moderated discussion
Example Topic: Big Data, Structured data, External data, Unstructured data, Social media data, Modelling,
Predictive analytics,
Your Contact: Jakob Hyttel-Sørensen, Nykredit, +45 4455 2531, jahs@nykredit.dk
The amount og data available to analytical purposes is no longer limited to internal structured
data. Increasingly, banks have sought the value embedded in a large number of new
untraditional data-sources – whether internal og external, structured og unstructured. These
data are allowing banks to create better models, target customers with more relevant product,
and predict or even prescript the next best action in a given situation. In this workshop we
invite participants to share their knowledge and experience with this field.
12. Page 12
„Open Mic“
Eurobanking 2017 | WS 9
Your Contact: eurobanking2017@eurobanking.org
The purpose of the Eurobanking is to provide opportunities for banking sector
professionals to exchange and discuss ideas about the techniques, experience, philosophy
and application of operational research and quantitative techniques in banking.
Some of our best discussions revolve around real examples of recent or current work and
the experiences that individual institutions have had in addressing issues and challenges
that are relevant across many organizations.
Thus, we invite you to contribute send us presentations covering a topic that is important
for you, that you would like to share with interested fellow-professionals and hear their
(similar or very different!) experiences. Eurobanking is an ideal forum for promoting and
discussing ideas. Take your chance.
Your expertise and application define the scope!
We look forward to your presentation and participation.