Almost a quarter of leading global banks surveyed are to implement additional risk management techniques because existing models failed to prevent losses which occurred as a result of financial turbulence during the past year. This is the main finding of research released recently by chartered accountants Deloitte & Touche. The survey found that many banks now realise that current risk management techniques, particularly ‘value at risk models’, failed to perform during rough market conditions. The findings show that 24 per cent of respondents will re-enforce existing techniques with the ‘extreme value theory’ to deal with exceptional events, a method which is currently only used by five per cent of banks. In addition, the majority of those interviewed said that the failure of their risk models to cope with the loss of market liquidity was a major concern. As a result, over half of those surveyed plan to implement systems to measure extreme stresses on liquidity.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more